Eku Energy achieves financial close for Williamsdale BESS in Australia
Author: PPD Team Date: 07/11/2024
Author: PPD Team Date: 07/11/2024
Eku Energy has reached a financial close on its 250MW/500MWh Williamsdale Battery Energy Storage System (BESS) project in Canberra, ACT, marking a significant advancement in the ACT government’s Big Canberra Battery initiative.
Powered by Tesla Energy’s megapacks, the system will help store renewable energy to meet one-third of Canberra’s electricity needs during peak demand.
The Williamsdale BESS will connect to Evoenergy’s distribution network, bolstering Canberra’s energy security and supporting the region’s net zero emissions target by 2045.
Under a unique revenue swap agreement, Eku Energy will receive fixed quarterly payments from the ACT government until 2039 in exchange for contributing energy and grid services, with revenue from the National Electricity Market also benefiting the ACT.
With Consolidated Power Projects (CPP) handling the balance of plant and Tesla Energy providing battery storage, the project is backed by financial institutions Westpac, Sumitomo Mitsui Banking (SMBC), and MUFG Bank. Set to commence operations in 2026, the Williamsdale BESS will operate in grid-forming mode, enhancing system strength and offering frequency control ancillary services essential for grid stability.
Image Credit: Eku Energy.
Author: PPD Team Date: 05/11/2024 Premier Energies International and Premier Energies Photovoltaic, subsidiaries of Premier Energies, have received and accepted multiple orders totalling Rs 5.6 billion. Two large independent power producers (IPPs) and others have awarded the contracts. These orders comprise Rs 5.13 billion for solar modules and Rs 470 million for solar cells. The supply of these modules will commence in December 2024 and is expected to conclude by May 2025.
Author: PPD Team Date: 16/01/2025 Bank of Baroda (BoB) received Letters of Award (LoAs) from NLC India Limited to provide Rupee Term Loans (RTL) for two solar projects in Gujarat: 600 MW Khavda Solar PV Project – Phase XX (GUVNL) Loan amount: Rs 26.69 billion at an interest rate of 8.15% p.a. Project scope: Development of 600 MW grid-connected solar PV plants under GUVNL Phase XX on a build, own, and operate (BOO) basis at…
Author: PPD Team Date: 21/10/2024 India’s target of installing 500 GW of renewable energy by 2030 could drive its annual solar equipment import bill to USD 30 billion, according to a report by think tank Global Trade Research Initiative (GTRI). The report emphasizes that without significant investments in developing a self-reliant solar manufacturing industry, particularly in polysilicon and wafer production, India may struggle to meet its ambitious goals and reduce import costs. India installed 15…
Author: PPD Team Date: 30/06/2025 Power Mech Projects Limited has secured contracts to develop a total of 13.66 MW of grid-connected distributed solar power projects in Bihar. The award was announced on June 26, 2025, by the Bihar State Power Generation Company Limited (BSPGCL). The contracts fall under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme, specifically Component C2, which focuses on solarising agricultural and mixed feeders. Three projects will be developed:…
Author: PPD Team Date: 22/04/2025 Gujarat State Electricity Corporation Limited (GSECL) has commissioned a 10 MW/12 MWp solar power project in Manjal, located in the Kutch district of Gujarat. The project was developed by Kosol Energie Private Limited under an engineering, procurement, and construction (EPC) agreement. Kosol Energie received a Letter of Intent (LoI) from GSECL in July 2022 to set up the project. The solar plant, built on 45 acres of wasteland at Manjal…
Author: PPD Team Date: 21/10/2024 BEST petitioned the Maharashtra Electricity Regulatory Commission (MERC) to terminate its power purchase agreement with Tata Power‘s Trombay Unit 5, citing high energy charges ranging from Rs 8 to Rs 11 per unit. BEST argued that these tariffs were burdening 1.08 million consumers in Mumbai. However, MERC dismissed the plea, highlighting transmission constraints in sourcing power from outside Mumbai, necessitating Tata Power’s embedded generation for a secure supply. During a…
Author: PPD Team Date: 05/11/2024 Premier Energies International and Premier Energies Photovoltaic, subsidiaries of Premier Energies, have received and accepted multiple orders totalling Rs 5.6 billion. Two large independent power producers (IPPs) and others have awarded the contracts. These orders comprise Rs 5.13 billion for solar modules and Rs 470 million for solar cells. The supply of these modules will commence in December 2024 and is expected to conclude by May 2025.
Author: PPD Team Date: 16/01/2025 Bank of Baroda (BoB) received Letters of Award (LoAs) from NLC India Limited to provide Rupee Term Loans (RTL) for two solar projects in Gujarat: 600 MW Khavda Solar PV Project – Phase XX (GUVNL) Loan amount: Rs 26.69 billion at an interest rate of 8.15% p.a. Project scope: Development of 600 MW grid-connected solar PV plants under GUVNL Phase XX on a build, own, and operate (BOO) basis at…
Author: PPD Team Date: 21/10/2024 India’s target of installing 500 GW of renewable energy by 2030 could drive its annual solar equipment import bill to USD 30 billion, according to a report by think tank Global Trade Research Initiative (GTRI). The report emphasizes that without significant investments in developing a self-reliant solar manufacturing industry, particularly in polysilicon and wafer production, India may struggle to meet its ambitious goals and reduce import costs. India installed 15…
Author: PPD Team Date: 30/06/2025 Power Mech Projects Limited has secured contracts to develop a total of 13.66 MW of grid-connected distributed solar power projects in Bihar. The award was announced on June 26, 2025, by the Bihar State Power Generation Company Limited (BSPGCL). The contracts fall under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme, specifically Component C2, which focuses on solarising agricultural and mixed feeders. Three projects will be developed:…
Author: PPD Team Date: 22/04/2025 Gujarat State Electricity Corporation Limited (GSECL) has commissioned a 10 MW/12 MWp solar power project in Manjal, located in the Kutch district of Gujarat. The project was developed by Kosol Energie Private Limited under an engineering, procurement, and construction (EPC) agreement. Kosol Energie received a Letter of Intent (LoI) from GSECL in July 2022 to set up the project. The solar plant, built on 45 acres of wasteland at Manjal…
Author: PPD Team Date: 21/10/2024 BEST petitioned the Maharashtra Electricity Regulatory Commission (MERC) to terminate its power purchase agreement with Tata Power‘s Trombay Unit 5, citing high energy charges ranging from Rs 8 to Rs 11 per unit. BEST argued that these tariffs were burdening 1.08 million consumers in Mumbai. However, MERC dismissed the plea, highlighting transmission constraints in sourcing power from outside Mumbai, necessitating Tata Power’s embedded generation for a secure supply. During a…
Author: PPD Team Date: 05/11/2024 Premier Energies International and Premier Energies Photovoltaic, subsidiaries of Premier Energies, have received and accepted multiple orders totalling Rs 5.6 billion. Two large independent power producers (IPPs) and others have awarded the contracts. These orders comprise Rs 5.13 billion for solar modules and Rs 470 million for solar cells. The supply of these modules will commence in December 2024 and is expected to conclude by May 2025.
Author: PPD Team Date: 16/01/2025 Bank of Baroda (BoB) received Letters of Award (LoAs) from NLC India Limited to provide Rupee Term Loans (RTL) for two solar projects in Gujarat: 600 MW Khavda Solar PV Project – Phase XX (GUVNL) Loan amount: Rs 26.69 billion at an interest rate of 8.15% p.a. Project scope: Development of 600 MW grid-connected solar PV plants under GUVNL Phase XX on a build, own, and operate (BOO) basis at…