Author: PPD Team Date: 28/10/2024
Energy Development Corporation (EDC) has committed USD434 million to expand the Southern Negros Geothermal Project (SNGP).
The investment will support new well drilling, pad expansion, road and pipeline network upgrades, and the integration of emerging technologies.
Currently, the SNGP operates at a dependable capacity of 221.8 MW across multiple geothermal plants, with this expansion set to strengthen infrastructure and increase output.
Author: PPD Team Date: 03/12/2024 Renewable Power Capital (RPC) has closed a €115 million long-term refinancing package for its 146 MW Klevberget onshore wind farm in Västernorrland, Sweden. The refinancing, facilitated by the Nordic Investment Bank (NIB) and Danske Bank, replaces a short-term construction bridge loan, establishing a stable capital structure for RPC’s projects. The Klevberget wind farm, consisting of 24 turbines, began operations in December 2023 and marked RPC’s entry into the Swedish market…
Author: PPD Team Date: 08/01/2025 Bharat Heavy Electricals Ltd (BHEL) has commissioned two units of the 6×170-MW Punatsangchhu-II Hydroelectric Project (PHEP-II) in Bhutan. The project, part of a bilateral agreement between the Government of India and the Royal Government of Bhutan, is located in the Wangdue district. The two units were synchronized on December 16 and 17, 2024, and are expected to generate 4,357 GWh annually upon full commissioning. BHEL’s scope includes the design, manufacture,…
Author: PPD Team Date: 19/12/2024 Power Grid Corporation of India Limited (PGCIL) has approved raising up to Rs 42.50 billion through the private placement of bonds. The funds will be raised under the Powergrid bonds – LXXX (80th Issue), which are unsecured, non-convertible, non-cumulative, redeemable, and taxable. The issue includes a base size of Rs 10 billion and a green shoe option of Rs 32.50 billion. These bonds will have a 10-year tenure with annual…
Author: PPD Team Date: 04/12/2024 Suzlon has secured a 302.4 MW wind power project order from JSP Green Wind 1 Pvt Ltd, a subsidiary of Jindal Renewables, in Koppal, Karnataka. This follows a 400 MW order won in November 2024, bringing Suzlon’s total Commercial and Industrial (C&I) orders from Jindal Renewables in Karnataka to 702.4 MW, marking the largest cumulative C&I order from a single customer in India. Under the agreement, Suzlon will supply 96…
Author: PPD Team Date: 28/01/2025 The US Energy Information Administration (EIA) projects that solar power will lead the growth in US power generation through 2027. In its latest short-term energy outlook, the EIA estimates utilities and independent power producers will add 26GW of solar capacity in 2025 and 22GW in 2026, following a record 37GW added in 2024. Wind power is also expected to grow, with 8GW forecasted in 2025 and 9GW in 2026. Renewable…
Author: PPD Team Date: 15/10/2024 Huasun Energy has partnered with Malaysian solar power developer ITRAMAS to develop 1.5GW of photovoltaic projects. Announced at the International Greentech & Eco Products Exhibition and Conference Malaysia 2024, the collaboration will advance Malaysia’s clean energy future, beginning in 2025. Under the agreement, Huasun will supply ITRAMAS with high-efficiency heterojunction technology (HJT) modules exceeding 700W for large-scale solar projects. This partnership aligns with Malaysia’s National Energy Transition Roadmap (NETR), which…