Author: PPD Team Date: 12/11/2024
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Author: PPD Team Date: 10/12/2024 The African Development Bank (AfDB) has been named the mandated lead arranger for the Moyi Power metro-grids project, a $340 million private sector-led electrification initiative in the Democratic Republic of Congo (DRC). The project is now entering the financing stage. Spearheaded by the Moyi Power consortium, which includes Gridworks, Eranove, and AEE Power, the initiative aims to provide clean, reliable, and affordable electricity to one million people across three cities…
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Author: PPD Team Date: 18/12/2024 The European Investment Bank (EIB) has committed €243m ($255m) to finance renewable energy projects by wind and solar operator ERG Group. The funding will advance renewable energy development across Italy, France, and Germany, aligning with EU energy targets and national climate plans. The EIB’s green loan supports ERG’s 2024–2026 Business Plan, which focuses on expanding its renewable portfolio and strengthening funding sources. The financing will facilitate the construction of three…
Nagaland proposes Rs 11.5 billion intra-state transmission plan
Author: PPD Team Date: 13/12/2024 The Government of Nagaland has unveiled its Intra-State Transmission Plan for 2032 to address a 510 MVA capacity gap in the state’s power infrastructure. The project includes the construction of nine 132/33 kV substations and 476 km of transmission lines. The estimated investment for the initiative stands at Rs 11.5 billion.
AfDB appointed lead arranger for Moyi Power metro-grids project in DRC
Author: PPD Team Date: 10/12/2024 The African Development Bank (AfDB) has been named the mandated lead arranger for the Moyi Power metro-grids project, a $340 million private sector-led electrification initiative in the Democratic Republic of Congo (DRC). The project is now entering the financing stage. Spearheaded by the Moyi Power consortium, which includes Gridworks, Eranove, and AEE Power, the initiative aims to provide clean, reliable, and affordable electricity to one million people across three cities…
Global Project Development Update: January 27, 2025
Author: PPD Team Date: 27/01/2025 JA Solar completes 1 GW delivery for Ulan Buh Desert energy base project JA Solar has successfully delivered high-performance n-type PV modules to the 1 GW photovoltaic project at the Ulan Buh Desert Northeast New Energy Base in China. This energy base is part of a broader 12 GW wind and solar power initiative. The project’s execution using JA Solar’s advanced n-type modules highlights the company’s capacity to support large-scale…