JERA-led consortium to operate offshore wind project in Japan
Author: PPD Team Date: 27/12/2024
Author: PPD Team Date: 27/12/2024
JERA Co., Inc., Green Power Investment Co., Ltd. (GPI), and Tohoku Electric Power Co., Inc. (Tohoku Electric) have formed a consortium led by JERA to operate a 615 MW offshore wind project in the Sea of Japan, off the southern coast of Aomori Prefecture.
Japan’s Ministry of Economy, Trade, and Industry and the Ministry of Land, Infrastructure, Transport, and Tourism selected the consortium to develop the project.
Operations are expected to begin in June 2030. The project focuses on long-term, stable, and efficient offshore wind power generation and will align with the principles outlined in the Council’s report regarding the Sea of Japan Offshore Aomori Prefecture.
Author: PPD Team Date: 19/12/2024 GK Energy Limited has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise funds through an initial public offering (IPO). The IPO consists of a fresh issue of shares worth up to Rs 5 billion, along with an offer for sale of up to 8.4 million equity shares by existing shareholders. The shares will have a face value of Rs 2, and…
Author: PPD Team Date: 07/01/2025 The European Commission (EC) has approved the joint control acquisition of EEW Offshore Wind EU by EEW Holding and Sumitomo under the EU Merger Regulation. The collaboration involves German and Japanese entities producing large steel tubes for offshore wind farms. The EC concluded the acquisition would not raise competition concerns, as the market structure remains largely unaffected. Last year, Sumitomo announced plans to acquire a stake in EEW Offshore Wind…
Author: PPD Team Date: 06/11/2024 The Indian Energy Exchange (IEX) reported a traded electricity volume of 9,642 million units (MU) in October 2024, marking a 4% year-on-year growth. IEX also traded 4.44 lakh renewable energy certificates (RECs) in October, a notable 105% increase from the previous year. India’s energy consumption for October reached 140.4 billion units (BUs), a 1% increase from the previous year, according to government data. The Market Clearing Price in the Day-Ahead…
Author: PPD Team Date: 27/06/2025 Researchers at the Centre for Nano and Soft Matter Sciences (CeNS), Bengaluru, have built a device that can produce green hydrogen using only solar energy. The innovation eliminates the need for fossil fuels or expensive materials, addressing key barriers to cost-effective hydrogen production. CeNS is an autonomous institute under the Department of Science and Technology. The device uses a silicon-based photoanode with an n-i-p heterojunction structure. It combines n-type titanium…
Author: PPD Team Date: 04/07/2025 Bangladesh paid USD 437 million to Adani Power Limited in June 2025, clearing all outstanding dues associated with the 1,600 MW Godda plant in Jharkhand. This ends months of delayed payments and supply uncertainty. The settlement includes carrying costs and amounts under the power purchase agreement. Bangladesh also issued a sovereign guarantee and a Letter of Credit worth two months of billing, about USD 180 million. Following this, the Bangladesh…
Author: PPD Team Date: 12/11/2024 Sterlite Power announced new orders worth Rs 12 billion across its Global Products and Services (GPS) business in Q2FY25, bringing cumulative orders to Rs 27 billion for H1FY25. The GPS division focuses on high-performance, sustainable products and specialized EPC services. This quarter’s highlights included India’s first order for a 144-fiber count Optical Ground Wire (OPGW) cable from a state utility. In Q2FY25, Sterlite Power’s key order segments included: High-Performance Conductors…