CleanMax secures financing to develop solar projects in UAE
Author: PPD Team Date: 24/01/2025
Author: PPD Team Date: 24/01/2025
CleanMax has secured a long-term credit facility of AED 99 million from Hong Kong and Shanghai Banking Corporation (HSBC) to develop and finance its onsite solar portfolio in the UAE.
The facility will support the installation of 92 solar assets across industrial facilities, malls, schools, and universities. Additionally, the financing includes an uncommitted accordion of AED 37 million for future projects, in line with the UAE’s Net Zero 2050 strategy.
Author: PPD Team Date: 04/02/2025 The Yunlin offshore wind farm, managed by Yunneng Wind Power, has begun commercial operations after installing all 80 wind turbine generators. The 640MW project, located in the Taiwan Strait between 8km and 17km offshore Yunlin County, is now supplying electricity to the Taiwanese grid. Yunneng Wind Power is a joint venture between Skyborn Renewables, TotalEnergies, the Electricity Generating Public Company (EGCO), and Sojitz Corporation. The wind farm spans 82km², with…
Author: PPD Team Date: 07/07/2025 JSW Energy Limited has announced that its step-down subsidiary, JSW Renew Energy Thirty Seven Limited, has signed a battery energy storage purchase agreement (BESPA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited. The agreement covers the development of a 250 MW/500 MWh standalone battery energy storage system (BESS) project in Rajasthan. The project will receive support through viability gap funding. The BESPA is valid for 12 years, with a contracted tariff…
Author: PPD Team Date: 07/11/2024 Spain-based BlueFloat Energy has achieved major project status from the Australian government for its 2.1GW Gippsland Dawn offshore wind project, located off Victoria’s coast. This status provides access to support from the Major Projects Facilitation Agency, marking a significant milestone for one of Australia’s largest offshore wind initiatives. Scheduled to begin construction in 2029 with a $10 billion investment, Gippsland Dawn aims to be operational by 2031, with up to…
Author: PPD Team Date: 11/07/2025 Tata Power Skill Development Institute (TPSDI) has launched a new green energy skill centre in Rohini, New Delhi. The centre will train individuals in key renewable energy technologies, including solar photovoltaic systems, energy storage, pumped hydro storage, and electrical safety. The training programs will cover installation, commissioning, operations, and maintenance. These have been designed to match the standards of the National Skills Qualification Framework (NSQF) and include NCVT-approved Qualification Packs….
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Author: PPD Team Date: 04/02/2025 The Yunlin offshore wind farm, managed by Yunneng Wind Power, has begun commercial operations after installing all 80 wind turbine generators. The 640MW project, located in the Taiwan Strait between 8km and 17km offshore Yunlin County, is now supplying electricity to the Taiwanese grid. Yunneng Wind Power is a joint venture between Skyborn Renewables, TotalEnergies, the Electricity Generating Public Company (EGCO), and Sojitz Corporation. The wind farm spans 82km², with…
Author: PPD Team Date: 07/07/2025 JSW Energy Limited has announced that its step-down subsidiary, JSW Renew Energy Thirty Seven Limited, has signed a battery energy storage purchase agreement (BESPA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited. The agreement covers the development of a 250 MW/500 MWh standalone battery energy storage system (BESS) project in Rajasthan. The project will receive support through viability gap funding. The BESPA is valid for 12 years, with a contracted tariff…
Author: PPD Team Date: 07/11/2024 Spain-based BlueFloat Energy has achieved major project status from the Australian government for its 2.1GW Gippsland Dawn offshore wind project, located off Victoria’s coast. This status provides access to support from the Major Projects Facilitation Agency, marking a significant milestone for one of Australia’s largest offshore wind initiatives. Scheduled to begin construction in 2029 with a $10 billion investment, Gippsland Dawn aims to be operational by 2031, with up to…
Author: PPD Team Date: 11/07/2025 Tata Power Skill Development Institute (TPSDI) has launched a new green energy skill centre in Rohini, New Delhi. The centre will train individuals in key renewable energy technologies, including solar photovoltaic systems, energy storage, pumped hydro storage, and electrical safety. The training programs will cover installation, commissioning, operations, and maintenance. These have been designed to match the standards of the National Skills Qualification Framework (NSQF) and include NCVT-approved Qualification Packs….
Author: PPD Team Date: 25/11/2024 In recent orders, the Central Electricity Regulatory Commission (CERC) has granted transmission licences to three projects: Khavda Phase-IV Renewable Energy Project:CERC has granted a transmission license to POWERGRID Khavda IV-E2 Power Transmission Limited, a subsidiary of Power Grid Corporation of India Limited (PGCIL). The project, part of Gujarat’s Khavda Phase-IV (7 GW), will operate under the Build, Own, Operate, and Transfer (BOOT) method. It includes the augmentation of transformation capacity…
Author: PPD Team Date: 16/05/2025 The Ministry of Power has directed that all government offices, buildings, and residential colonies be equipped with prepaid smart meters by August 2025. The goal is to reduce AT&C (Aggregate Technical & Commercial) losses and improve billing accuracy. This was announced at the Western States Power Conference in Mumbai on 13 May. Union Power Minister Manohar Lal stressed cooperation between the Centre and States to meet the Viksit Bharat 2047…
Author: PPD Team Date: 04/02/2025 The Yunlin offshore wind farm, managed by Yunneng Wind Power, has begun commercial operations after installing all 80 wind turbine generators. The 640MW project, located in the Taiwan Strait between 8km and 17km offshore Yunlin County, is now supplying electricity to the Taiwanese grid. Yunneng Wind Power is a joint venture between Skyborn Renewables, TotalEnergies, the Electricity Generating Public Company (EGCO), and Sojitz Corporation. The wind farm spans 82km², with…
Author: PPD Team Date: 07/07/2025 JSW Energy Limited has announced that its step-down subsidiary, JSW Renew Energy Thirty Seven Limited, has signed a battery energy storage purchase agreement (BESPA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited. The agreement covers the development of a 250 MW/500 MWh standalone battery energy storage system (BESS) project in Rajasthan. The project will receive support through viability gap funding. The BESPA is valid for 12 years, with a contracted tariff…