Envision Energy partners with Juniper Green for wind and storage projects
Author: PPD Team Date: January 13, 2025
Author: PPD Team Date: January 13, 2025
Envision Energy signed an agreement with Juniper Green Energy Private Limited on January 9, 2025, to supply wind turbine generators (WTGs) and battery energy storage systems (BESS) for renewable energy projects across India.
Key agreements include:
Juniper won 200 MW base capacity and 120 MW greenshoe capacity at a tariff of Rs 4.38 per kWh under the 1,500 MW FDRE auction of SJVN in December 2023.
Author: PPD Team Date: October 15, 2024 Danish wind turbine manufacturer Vestas and Nordic energy company Fortum have settled their arbitration dispute regarding wind energy projects in Russia. Both parties agreed to drop all past, present, and future claims, with the settlement terms remaining confidential. The dispute began in 2022 when Fortum initiated arbitration at the International Chamber of Commerce in Stockholm. Fortum sought more than $218 million (€200 million) in compensation from Vestas for…
Author: PPD Team Date: October 28, 2024 Shell Energy North America (SENA), a subsidiary of Shell, has agreed to acquire a 609 MW, two-unit combined-cycle gas turbine power plant located in Johnston, Rhode Island, US. The purchase agreement has been signed with RISEC Holdings, a subsidiary of EGCO RISEC II, and Carlyle’s subsidiaries, Cogentrix RISEC CPOCP and Cogentrix RISEC CPP II. EGCO RISEC II, part of Thailand’s Electricity Generating Public Company (EGCO), will divest 49%…
Author: PPD Team Date: June 11, 2025 Rama Steel Tubes Ltd (RSTL) has entered a joint venture with Onix Renewable Ltd to establish 225 MW decentralised solar power projects across Maharashtra under the “Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0”. The new entity, Onix IPP, will execute the projects. Onix holds a 90 percent stake in the JV, while RSTL owns 10 percent. Onix Renewable received a Letter of Award (LoA) in September 2024 to…
Author: PPD Team Date: January 14, 2025 Patratu Vidyut Utpadan Nigam (PVUNL), a joint venture of NTPC and Jharkhand Bijli Vitran Nigam (JBVNL), will commission its Phase-1 power units by December 2025. Located in Ramgarh district, Phase-I consists of three 800 MW units, collectively generating 2,400 MW. The first unit is set to begin operations in January 2025, followed by the second in September and the third in December. Of the total output, 85%—over 2,000…
Author: PPD Team Date: November 20, 2024 The interregional electricity transfer in India grew 7.8% year-on-year in the first half (H1: April to September) of FY25, reaching 134,714 MU (million units), up from 123,918 MU in H1FY24, according to Grid Controller of India Ltd (GRID-INDIA). Key Highlights: WR-NR transfers: Exports from the Western Region (WR) to the Northern Region (NR) surged by 34.3%, totalling 54,099 MU in H1FY25, representing 40.2% of the total interregional transfers,…
Author: PPD Team Date: February 13, 2025 The US Energy Information Administration (EIA) has forecast that power consumption in the United States will reach record levels in 2025 and 2026. The surge is attributed to the growing electricity demand from data centres focused on artificial intelligence and cryptocurrency, alongside increased usage in homes and businesses for heating and transportation, as reported by Reuters. The EIA projects that power demand will rise to 4,179 billion kilowatt-hours…