Author: PPD Team Date: 20/12/2024
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EIB and Naturgy secure €1bn loan for Spain’s renewable energy expansion
Author: PPD Team Date: 29/11/2024 The European Investment Bank (EIB) and Naturgy have finalized a €1 billion ($1.05 billion) loan to advance renewable energy projects in Spain. The first tranche of €400 million ($422 million) was signed in Madrid, marking a key milestone in Spain’s energy transition. The funding will support the development of new solar and onshore wind power stations, upgrades to existing facilities for hybrid operation, and battery storage investments. The initiative is…
Glow raises USD 30 million to expand solar energy projects in India
Author: PPD Team Date: 05/12/2024 Green energy startup Glow has secured USD 30 million (approximately Rs 2.5 billion) in funding from venture capital firms Framework and Union Square Ventures. The investment will support Glow’s efforts to promote renewable energy adoption globally, with a primary focus on India. Since its founding in 2023, Glow has launched three solar farms in Rajasthan, generating a total of 21.3 MW of solar power. These facilities are located at Rays…
CCI acquires Dutch battery storage platform LCEGS
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CERC grants interstate trading licence to RECPDCL
Author: PPD Team Date: 20/01/2025 The Central Electricity Regulatory Commission (CERC) has granted an interstate trading licence to REC Power Development & Consultancy Ltd (RECPDCL), a wholly-owned subsidiary of REC Ltd. The “Category I” licence allows RECPDCL to engage in interstate electricity trading across India for 25 years. This follows the public notice issued in December 2024, which received no objections, allowing CERC to finalize the licence. RECPDCL is also seeking to become a Project…
Poland approves draft law to ease onshore wind farm restrictions
Author: PPD Team Date: 26/03/2025 The government of Poland has approved draft legislation to relax restrictions on building onshore wind farms, moving towards fulfilling a 2023 election promise to accelerate renewable energy growth, Reuters reported. The proposed changes, pending parliamentary approval, would reduce the required distance between wind installations and residential areas while maintaining stricter permitting rules near national parks and protected zones. Poland’s Climate Minister Paulina Hennig-Kloska stated: “The Council of Ministers has just…
Ministry of Coal releases report on overburden utilisation in the coal sector
Author: PPD Team Date: 24/10/2024 The Ministry of Coal has published the high-powered expert committee (HPEC) report on the gainful utilisation of overburden (OB) in the coal sector. The HPEC, comprising experts from various ministries, NITI Aayog, and coal companies, examined ways to repurpose OB—typically composed of soil, rock, and other discarded materials during coal mining—into valuable resources for economic growth and environmental sustainability. The report outlines strategies for processing OB to produce manufactured sand…
EIB and Naturgy secure €1bn loan for Spain’s renewable energy expansion
Author: PPD Team Date: 29/11/2024 The European Investment Bank (EIB) and Naturgy have finalized a €1 billion ($1.05 billion) loan to advance renewable energy projects in Spain. The first tranche of €400 million ($422 million) was signed in Madrid, marking a key milestone in Spain’s energy transition. The funding will support the development of new solar and onshore wind power stations, upgrades to existing facilities for hybrid operation, and battery storage investments. The initiative is…
Glow raises USD 30 million to expand solar energy projects in India
Author: PPD Team Date: 05/12/2024 Green energy startup Glow has secured USD 30 million (approximately Rs 2.5 billion) in funding from venture capital firms Framework and Union Square Ventures. The investment will support Glow’s efforts to promote renewable energy adoption globally, with a primary focus on India. Since its founding in 2023, Glow has launched three solar farms in Rajasthan, generating a total of 21.3 MW of solar power. These facilities are located at Rays…
CCI acquires Dutch battery storage platform LCEGS
Author: PPD Team Date: 04/11/2024 S4 Energy, a subsidiary of Castleton Commodities International (CCI) specializing in grid-scale battery energy storage, has acquired Netherlands-based LC Energy’s battery storage platform, LCEGS. This acquisition enhances the energy grid’s resilience by merging LCEGS’ development expertise with S4 Energy’s operational experience. Battery energy storage is crucial for Europe’s decarbonisation goals and grid stability. With increasing reliance on renewable energy and demand from sectors like data centres, battery storage is set…
CERC grants interstate trading licence to RECPDCL
Author: PPD Team Date: 20/01/2025 The Central Electricity Regulatory Commission (CERC) has granted an interstate trading licence to REC Power Development & Consultancy Ltd (RECPDCL), a wholly-owned subsidiary of REC Ltd. The “Category I” licence allows RECPDCL to engage in interstate electricity trading across India for 25 years. This follows the public notice issued in December 2024, which received no objections, allowing CERC to finalize the licence. RECPDCL is also seeking to become a Project…
Poland approves draft law to ease onshore wind farm restrictions
Author: PPD Team Date: 26/03/2025 The government of Poland has approved draft legislation to relax restrictions on building onshore wind farms, moving towards fulfilling a 2023 election promise to accelerate renewable energy growth, Reuters reported. The proposed changes, pending parliamentary approval, would reduce the required distance between wind installations and residential areas while maintaining stricter permitting rules near national parks and protected zones. Poland’s Climate Minister Paulina Hennig-Kloska stated: “The Council of Ministers has just…
Ministry of Coal releases report on overburden utilisation in the coal sector
Author: PPD Team Date: 24/10/2024 The Ministry of Coal has published the high-powered expert committee (HPEC) report on the gainful utilisation of overburden (OB) in the coal sector. The HPEC, comprising experts from various ministries, NITI Aayog, and coal companies, examined ways to repurpose OB—typically composed of soil, rock, and other discarded materials during coal mining—into valuable resources for economic growth and environmental sustainability. The report outlines strategies for processing OB to produce manufactured sand…
EIB and Naturgy secure €1bn loan for Spain’s renewable energy expansion
Author: PPD Team Date: 29/11/2024 The European Investment Bank (EIB) and Naturgy have finalized a €1 billion ($1.05 billion) loan to advance renewable energy projects in Spain. The first tranche of €400 million ($422 million) was signed in Madrid, marking a key milestone in Spain’s energy transition. The funding will support the development of new solar and onshore wind power stations, upgrades to existing facilities for hybrid operation, and battery storage investments. The initiative is…
Glow raises USD 30 million to expand solar energy projects in India
Author: PPD Team Date: 05/12/2024 Green energy startup Glow has secured USD 30 million (approximately Rs 2.5 billion) in funding from venture capital firms Framework and Union Square Ventures. The investment will support Glow’s efforts to promote renewable energy adoption globally, with a primary focus on India. Since its founding in 2023, Glow has launched three solar farms in Rajasthan, generating a total of 21.3 MW of solar power. These facilities are located at Rays…