CCI approves ONGC-NTPC’s Ayana acquisition and Greenko stake deal
Author: PPD Team Date: 13/03/2025
Author: PPD Team Date: 13/03/2025
The Competition Commission of India (CCI) has approved two major transactions in the renewable energy sector. ONGC NTPC Green Private Limited has received clearance to acquire a 100 per cent stake in Ayana Renewable Power Private Limited. Meanwhile, AMG Green Power B.V. has been approved to acquire a stake in Greenko Energy Holdings, and ORIX Corporation will subscribe to certain convertible notes of AM Green (Luxembourg) S.À.R.L.
ONGC NTPC Green is a joint venture between ONGC Green Limited and NTPC Green Energy Limited, subsidiaries of Oil and Natural Gas Corporation Limited (ONGC) and NTPC Limited, respectively. The entity currently has no business operations.
AMG Green Power B.V. is a newly incorporated firm without active business activities, while AM Green (Luxembourg) S.À.R.L functions as a holding company. ORIX Corporation, the parent company of the ORIX Group, has interests in financial services, leasing, real estate, private equity, asset management, and energy services, including power generation.
Author: PPD Team Date: 03/04/2025 NHPC Limited declared the commercial operation date (CoD) for Unit 1, 2, and 3 of the Parbati Hydro Electric Project Stage-II on April 1, 2025. The 800 MW (4×200 MW) project is located on the Beas River in Kullu district, Himachal Pradesh, about 260 km from Chandigarh. Developed at an investment of Rs 98.97 billion, Parbati-II is a run-of-the-river (RoR) project and forms part of the broader Parbati Hydroelectric Project,…
Author: PPD Team Date: 19/12/2024 Korea Electric Power Corporation (KEPCO) has completed the ±150 kV Wando–Dongjeju high voltage direct current (HVDC) project, enhancing the power supply to Jeju Island. The project, with a capacity of 200 MW, includes a 98-km undersea cable that increases the power transfer from the mainland to Jeju from 360 MW to 600 MW, raising the supply reserve ratio from 14.3 per cent to 30.8 per cent. The submarine cable was…
Author: PPD Team Date: 02/05/2025 Cygni Energy has inaugurated a fully automated battery energy storage system (BESS) gigafactory in Hyderabad with an annual production capacity of 4.8 GWh. The facility, developed with an investment of over Rs 1 billion, is located at E-Mobility Valley in Maheshwaram’s electronics manufacturing cluster. Spanning 160,000 sq. ft., the Phase-I plant will manufacture high-capacity battery packs for electric vehicles and grid-scale storage. Cygni has already secured a 1 GWh order…
Author: PPD Team Date: 19/12/2024 Prysmian, a leading manufacturer of energy and telecom cables, has entered into a framework agreement with Réseau de Transport d’Électricité (RTE), France’s transmission system operator, to provide submarine power cable links for two offshore wind farms—the Fos and Narbonnaise projects. These links will connect the offshore farms to the French national grid. The agreement includes engineering, procurement, construction, installation, and commissioning (EPCI) of both submarine and land cable segments. The…
Author: PPD Team Date: 01/04/2025 Norges Bank Investment Management (NBIM) will acquire a 49% stake in two offshore wind projects, Nordseecluster in Germany and Thor in Denmark, for €1.4 billion ($1.5 billion) from RWE. The deal, subject to regulatory approvals, is expected to close by the third quarter of 2025. RWE will retain a 51% stake and continue as the developer and operator of both projects, which are currently under construction. The total valuation of…
Author: PPD Team Date: 19/12/2024 Canada has revised its target for achieving a net-zero electricity grid, extending the deadline from 2035 to 2050. This decision follows the release of the finalised Clean Electricity Regulations (CER), which were influenced by feedback from provinces and energy industry stakeholders concerned about reliability, cost, and potential stranded assets. Currently, 85% of Canada’s electricity comes from clean sources, including hydropower, wind, and solar. However, the revised regulations may complicate the…
Author: PPD Team Date: 03/04/2025 NHPC Limited declared the commercial operation date (CoD) for Unit 1, 2, and 3 of the Parbati Hydro Electric Project Stage-II on April 1, 2025. The 800 MW (4×200 MW) project is located on the Beas River in Kullu district, Himachal Pradesh, about 260 km from Chandigarh. Developed at an investment of Rs 98.97 billion, Parbati-II is a run-of-the-river (RoR) project and forms part of the broader Parbati Hydroelectric Project,…
Author: PPD Team Date: 19/12/2024 Korea Electric Power Corporation (KEPCO) has completed the ±150 kV Wando–Dongjeju high voltage direct current (HVDC) project, enhancing the power supply to Jeju Island. The project, with a capacity of 200 MW, includes a 98-km undersea cable that increases the power transfer from the mainland to Jeju from 360 MW to 600 MW, raising the supply reserve ratio from 14.3 per cent to 30.8 per cent. The submarine cable was…
Author: PPD Team Date: 02/05/2025 Cygni Energy has inaugurated a fully automated battery energy storage system (BESS) gigafactory in Hyderabad with an annual production capacity of 4.8 GWh. The facility, developed with an investment of over Rs 1 billion, is located at E-Mobility Valley in Maheshwaram’s electronics manufacturing cluster. Spanning 160,000 sq. ft., the Phase-I plant will manufacture high-capacity battery packs for electric vehicles and grid-scale storage. Cygni has already secured a 1 GWh order…
Author: PPD Team Date: 19/12/2024 Prysmian, a leading manufacturer of energy and telecom cables, has entered into a framework agreement with Réseau de Transport d’Électricité (RTE), France’s transmission system operator, to provide submarine power cable links for two offshore wind farms—the Fos and Narbonnaise projects. These links will connect the offshore farms to the French national grid. The agreement includes engineering, procurement, construction, installation, and commissioning (EPCI) of both submarine and land cable segments. The…
Author: PPD Team Date: 01/04/2025 Norges Bank Investment Management (NBIM) will acquire a 49% stake in two offshore wind projects, Nordseecluster in Germany and Thor in Denmark, for €1.4 billion ($1.5 billion) from RWE. The deal, subject to regulatory approvals, is expected to close by the third quarter of 2025. RWE will retain a 51% stake and continue as the developer and operator of both projects, which are currently under construction. The total valuation of…
Author: PPD Team Date: 19/12/2024 Canada has revised its target for achieving a net-zero electricity grid, extending the deadline from 2035 to 2050. This decision follows the release of the finalised Clean Electricity Regulations (CER), which were influenced by feedback from provinces and energy industry stakeholders concerned about reliability, cost, and potential stranded assets. Currently, 85% of Canada’s electricity comes from clean sources, including hydropower, wind, and solar. However, the revised regulations may complicate the…
Author: PPD Team Date: 03/04/2025 NHPC Limited declared the commercial operation date (CoD) for Unit 1, 2, and 3 of the Parbati Hydro Electric Project Stage-II on April 1, 2025. The 800 MW (4×200 MW) project is located on the Beas River in Kullu district, Himachal Pradesh, about 260 km from Chandigarh. Developed at an investment of Rs 98.97 billion, Parbati-II is a run-of-the-river (RoR) project and forms part of the broader Parbati Hydroelectric Project,…
Author: PPD Team Date: 19/12/2024 Korea Electric Power Corporation (KEPCO) has completed the ±150 kV Wando–Dongjeju high voltage direct current (HVDC) project, enhancing the power supply to Jeju Island. The project, with a capacity of 200 MW, includes a 98-km undersea cable that increases the power transfer from the mainland to Jeju from 360 MW to 600 MW, raising the supply reserve ratio from 14.3 per cent to 30.8 per cent. The submarine cable was…