Author: PPD Team Date: 04/12/2024
Equinix has entered its second power purchase agreement with Sembcorp Power to source renewable energy.
The project, with a maximum capacity of 58.5 MWp, will be developed on JTC properties on Jurong Island.
This includes 60 hectares of vacant land and rooftops of five JTC buildings, such as the Jurong Rock Caverns above-ground facilities and the Jurong Island Checkpoint.
The project is expected to begin operations in 2029.
Author: PPD Team Date: 04/02/2025 GAIL India Limited has raised its startup investment fund from Rs 1 billion to Rs 5 billion to support emerging enterprises in clean energy, renewables, energy storage, electric mobility, and digital transformation. This initiative aims to provide enhanced financial and strategic support to entrepreneurs, fostering innovation and sustainability in India’s energy and technology sectors. Currently, GAIL holds a renewable energy portfolio of 132 MW, with 118 MW in wind and…
Author: PPD Team Date: 03/03/2025 Jordan’s state-owned transmission system operator, National Electric Power Company (NEPCO), has secured a EUR67.1 million financing package from the European Bank for Reconstruction and Development (EBRD) and the European Union (EU) to upgrade the country’s transmission infrastructure. The package includes a sovereign-guaranteed EBRD loan of up to EUR54.7 million and an EU investment grant of EUR12.4 million. The funds will be used to construct a high-voltage electricity substation in northern…
Author: PPD Team Date: 28/02/2025 Greenko Energies Private Limited has signed a Memorandum of Understanding (MoU) with the Government of Assam to develop a 900 MW pumped storage project (PSP) in Karbi Anglong district. The project will require an estimated investment of Rs 58.5 billion. Separately, Greenko signed an MoU with the Madhya Pradesh government to develop multiple new PSPs in the state. In Odisha, Greenko signed an MoU in January 2025 to develop a…
Author: PPD Team Date: 28/11/2024 Alfanar Projects has entered into agreements exceeding SAR 20 billion with the Saudi Electricity Company (SEC) to advance Saudi Arabia’s energy sector. Formalized during the Energy Localization Forum by the Ministry of Energy, these contracts underscore the nation’s commitment to sustainable energy infrastructure and self-reliance. A key initiative involves developing the Middle East and North Africa’s largest high-voltage direct current (HVDC) converter station in partnership with China Electric Power Equipment…
Author: PPD Team Date: 20/01/2025 Reliance Industries Limited will acquire a 100% equity stake in Lakadia B Power Transmission from REC Power Development and Consultancy Limited (RECPDCL) for Rs 80 million. The acquisition aims to develop an interstate transmission system (ISTS) to evacuate up to 3.5 GW of renewable energy from Lakadia, Gujarat. The transmission system will be designed to augment the transformation capacity at the 765/400 kV Lakadia substation under Part B of the…
Author: PPD Team Date: 12/11/2024 Energie Baden-Württemberg (EnBW) has announced plans to develop a 100MW/100MWh battery storage facility at its Marbach power plant site in Germany, for enhancing grid stability in southern Germany rather than direct household power supply. Construction is scheduled to start next year, with the facility expected to be operational by the end of 2025. The project will use cobalt-free lithium iron phosphate batteries and will share infrastructure resources with EnBW’s existing…