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ACCIONA Energía sells hydro portfolio to Endesa for €1 billion
ACCIONA Energía has signed an agreement with Endesa for the sale of 100% of Corporación Acciona Hidráulica, S.L., for €1 billion (enterprise value). The debt-free transaction is expected to generate capital gains of €620 million, with completion anticipated in the first half of 2025, pending antitrust and foreign investment approvals. The portfolio includes 34 hydroelectric…
India may open uranium mining and processing to private sector
India is considering a policy to permit private companies to mine, import, and process uranium, Reuters reported, citing two government sources. The plan aims to attract significant investment, expand the country’s nuclear power sector, and increase nuclear power’s share to 5 per cent of total electricity generation. The proposed framework would keep government control over…
Power Ministry launches task force to build India Energy Stack
The Ministry of Power has launched a dedicated task force to design the India Energy Stack (IES), a new digital public infrastructure aimed at transforming the power sector. Announced by Hon’ble Power Minister Shri Manohar Lal Khattar, the India Energy Stack will address long-standing gaps in data fragmentation and integration across the power sector. With…
Cabinet clears Rs 2,584.60 crore small hydro scheme for 1,500 MW
The Union Cabinet has approved a Small Hydro Power Development Scheme for FY 2026-27 to FY 2030-31 with an outlay of Rs 2,584.60 crore. The scheme targets development of about 1,500 MW of small hydro capacity across states, with emphasis on hilly and North Eastern regions. Funding structure The scheme provides central financial assistance (CFA)…
Serbia’s 2025 budget allocates EUR 1 billion for green projects
Serbia’s 2025 Budget Law introduces its first Green Budget annex, allocating EUR 1 billion to 64 projects aimed at environmental protection and energy efficiency. The budget earmarks EUR 528.4 million for railway projects, including the Hungarian-Serbian railway and Belgrade’s urban subway system, designed to reduce CO2 emissions and enhance energy efficiency. In addition to transportation,…
MHI and J-POWER begin talks on onshore wind business transfer
Mitsubishi Heavy Industries and Electric Power Development Company have begun formal discussions on the transfer of MHI’s domestic onshore wind power business to J-POWER. Both companies plan to sign a definitive agreement after settling the conditions for the transaction. They aim to complete the transfer by April 1, 2026. MHI has built large wind turbines…
