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: 18/10/2024 Servotech Power Systems has announced a collaboration with UK-based Ensmart Power to expand its electric vehicle (EV) charger business in the UK and North America. The partnership aims to leverage Servotech’s innovative EV charging solutions and Ensmart Power’s expertise in energy storage and distribution to develop a reliable and accessible EV charging infrastructure in these regions. The companies have signed a sole distribution agreement to enhance the distribution of EV…
Author: PPD Team Date: 12/03/2025 Power Grid Corporation of India Limited (PGCIL) has awarded multiple contracts for transmission projects in Rajasthan and Uttar Pradesh. Vikran Engineering & Exim Private Limited secured a contract worth Rs 825.54 million for the 400 kV AIS substation package SS-134 under the Transmission System for Evacuation of Power from Renewable Energy Zones (REZ) in Rajasthan (20 GW) Phase-III Part B1. The scope includes the augmentation of transformation capacity at 400/220…
Author: PPD Team Date: 21/10/2024 Azure Power Global Ltd, a leading renewable power producer in India, has completed an Rs 24 billion refinancing transaction structured as an INR Term Loan underwritten solely by REC Ltd. This transaction enabled the company to prepay its $350 million Green Bonds, originally issued in 2019, which were set to mature in December 2024. These bonds were backed by 10 solar projects commissioned between 2016 and 2019. Previously, Azure Power…
Author: PPD Team Date: 21/10/2024 A critical power substation connected to the Inga I and II hydropower plants (HPPs) in the Democratic Republic of the Congo (DRC) has been modernised and digitised, enhancing the country’s ability to utilize the upgraded facilities. The hydropower plants, located on the Congo River, have a combined installed capacity of over 1.7 GW and supply 90% of the electricity consumed in Kinshasa. The modernisation project, backed by the German Federal…
Author: PPD Team Date: 21/11/2024 Mammoet has secured a contract with Buss Ports to handle the marshalling of wind turbine generator foundations for two of Europe’s largest offshore wind farms: RWE’s Nordseecluster A in Germany and Thor in Denmark. The Nordseecluster, situated in the eastern German North Sea, will have a total capacity of 1.6 GW, enough to power 1.6 million homes. Construction for Nordseecluster A (NC 1 and NC 2) is set to begin…
Author: PPD Team Date: 08/11/2024 Nomura has projected robust growth for India’s power sector, forecasting a compound annual growth rate (CAGR) of over 7% in electricity demand from FY24 to FY27. This surge is fueled by rising economic activity, increased electrification, and demand growth in emerging sectors such as data centres, electric vehicle (EV) charging, and green hydrogen production. Changing weather patterns, which have contributed to recent supply shortages, are also anticipated to drive demand….
Author: PPD Team Date: 18/10/2024 Servotech Power Systems has announced a collaboration with UK-based Ensmart Power to expand its electric vehicle (EV) charger business in the UK and North America. The partnership aims to leverage Servotech’s innovative EV charging solutions and Ensmart Power’s expertise in energy storage and distribution to develop a reliable and accessible EV charging infrastructure in these regions. The companies have signed a sole distribution agreement to enhance the distribution of EV…
Author: PPD Team Date: 12/03/2025 Power Grid Corporation of India Limited (PGCIL) has awarded multiple contracts for transmission projects in Rajasthan and Uttar Pradesh. Vikran Engineering & Exim Private Limited secured a contract worth Rs 825.54 million for the 400 kV AIS substation package SS-134 under the Transmission System for Evacuation of Power from Renewable Energy Zones (REZ) in Rajasthan (20 GW) Phase-III Part B1. The scope includes the augmentation of transformation capacity at 400/220…
Author: PPD Team Date: 21/10/2024 Azure Power Global Ltd, a leading renewable power producer in India, has completed an Rs 24 billion refinancing transaction structured as an INR Term Loan underwritten solely by REC Ltd. This transaction enabled the company to prepay its $350 million Green Bonds, originally issued in 2019, which were set to mature in December 2024. These bonds were backed by 10 solar projects commissioned between 2016 and 2019. Previously, Azure Power…
Author: PPD Team Date: 21/10/2024 A critical power substation connected to the Inga I and II hydropower plants (HPPs) in the Democratic Republic of the Congo (DRC) has been modernised and digitised, enhancing the country’s ability to utilize the upgraded facilities. The hydropower plants, located on the Congo River, have a combined installed capacity of over 1.7 GW and supply 90% of the electricity consumed in Kinshasa. The modernisation project, backed by the German Federal…
Author: PPD Team Date: 21/11/2024 Mammoet has secured a contract with Buss Ports to handle the marshalling of wind turbine generator foundations for two of Europe’s largest offshore wind farms: RWE’s Nordseecluster A in Germany and Thor in Denmark. The Nordseecluster, situated in the eastern German North Sea, will have a total capacity of 1.6 GW, enough to power 1.6 million homes. Construction for Nordseecluster A (NC 1 and NC 2) is set to begin…
Author: PPD Team Date: 08/11/2024 Nomura has projected robust growth for India’s power sector, forecasting a compound annual growth rate (CAGR) of over 7% in electricity demand from FY24 to FY27. This surge is fueled by rising economic activity, increased electrification, and demand growth in emerging sectors such as data centres, electric vehicle (EV) charging, and green hydrogen production. Changing weather patterns, which have contributed to recent supply shortages, are also anticipated to drive demand….
Author: PPD Team Date: 18/10/2024 Servotech Power Systems has announced a collaboration with UK-based Ensmart Power to expand its electric vehicle (EV) charger business in the UK and North America. The partnership aims to leverage Servotech’s innovative EV charging solutions and Ensmart Power’s expertise in energy storage and distribution to develop a reliable and accessible EV charging infrastructure in these regions. The companies have signed a sole distribution agreement to enhance the distribution of EV…
Author: PPD Team Date: 12/03/2025 Power Grid Corporation of India Limited (PGCIL) has awarded multiple contracts for transmission projects in Rajasthan and Uttar Pradesh. Vikran Engineering & Exim Private Limited secured a contract worth Rs 825.54 million for the 400 kV AIS substation package SS-134 under the Transmission System for Evacuation of Power from Renewable Energy Zones (REZ) in Rajasthan (20 GW) Phase-III Part B1. The scope includes the augmentation of transformation capacity at 400/220…