DTEK to invest €140 million in 200 MW energy storage systems across Ukraine
Author: PPD Team Date: September 16, 2024
Author: PPD Team Date: September 16, 2024
DTEK plans to establish a series of energy storage systems (ESS) across Ukraine, with a total capacity of 200 MW, aimed at enhancing the nation’s green and secure energy infrastructure. The project will involve a €140 million investment and is expected to be operational by September 2025. These ESS will provide ancillary services to Ukrenergo, the national Transmission System Operator.
In August 2024, DTEK won a competitive auction to supply automatic frequency restoration reserves to Ukrenergo. DTEK, a leading Ukrainian energy company, continues to innovate in the energy sector. In addition to its projects in Ukraine, it is also developing Poland’s large-scale electricity storage project, contributing to a unified pan-European energy system that integrates Ukraine with the EU.
Author: PPD Team Date: December 12, 2024 US-based investor Acadia Infrastructure Capital, along with major companies including Microsoft, has launched a $9 billion initiative to develop renewable energy projects across the United States. The initiative, known as the Climate and Communities Investment Coalition (CCIC), aims to accelerate corporate-led financing for renewable energy projects and is expected to facilitate the development of 5GW of renewable power by 2029. The CCIC will focus on providing tangible benefits…
Author: PPD Team Date: November 18, 2024 NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, and ONGC Green Energy Limited (OGL), a subsidiary of Oil and Natural Gas Corporation (ONGC), have formed a 50:50 joint venture named ONGC NTPC Green Private Limited (ONGPL). The Ministry of Power approved the formation of this joint venture, which has an authorised capital of Rs 1 million. ONGPL will focus on renewable energy projects, including greenfield developments and…
Author: PPD Team Date: November 26, 2024 National Grid Renewables has signed a power purchase agreement (PPA) with the Illinois Municipal Electric Agency (IMEA) for the 150 MW Bee Hollow solar project in St. Clair County, Illinois. Construction is slated to start in 2025, expanding the company’s solar capacity in Illinois to 350 MW, including the Prairie Wolf solar project in Coles County. The Bee Hollow project is expected to generate $34 million in economic…
Author: PPD Team Date: November 29, 2024 Swedish clean technology company Hexicon has secured approval from the South Korean Electricity Regulatory Commission (KOREC) for the transfer of two of three electricity business licenses (EBLs) for the 1.1 GW MunmuBaram floating offshore wind project. This approval fulfils a key condition for finalizing the sale and purchase agreement (SPA) signed in February 2024 with Shell Overseas Investments, enabling Hexicon to acquire full ownership of the project. The…
Author: PPD Team Date: January 22, 2025 The Odisha Renewable Energy Development Agency (OREDA) has partnered with Tata Power Renewable Energy to promote rooftop solar adoption under the Pradhan Mantri Surya Ghar Yojana. The initiative targets residential customers to raise awareness and implement cost-effective solar energy solutions across Odisha. The scheme will be executed through four power distribution companies (DISCOMs), with awareness drives in high-footfall locations such as airports, malls, and railway stations. Key cities…
Author: PPD Team Date: August 7, 2025 Torrent Power Limited has announced a capital investment plan of Rs 500 billion over the next three to four years. The funds will be used to expand its renewable energy portfolio and strengthen transmission and distribution networks. The company aims to increase its renewable energy capacity to 10 GW by 2030, up from 1.75 GW currently. Out of the total planned investment, Rs 200 billion will be directed…