National Grid Renewables secures PPA for 150 MW Bee Hollow solar project
Author: PPD Team Date: November 26, 2024
Author: PPD Team Date: November 26, 2024
National Grid Renewables has signed a power purchase agreement (PPA) with the Illinois Municipal Electric Agency (IMEA) for the 150 MW Bee Hollow solar project in St. Clair County, Illinois.
Construction is slated to start in 2025, expanding the company’s solar capacity in Illinois to 350 MW, including the Prairie Wolf solar project in Coles County.
The Bee Hollow project is expected to generate $34 million in economic benefits over 20 years, including tax revenue, landowner income, and job creation.
In addition, National Grid Renewables commenced construction on the 117 MW Dodson Creek solar project in Highland County, Ohio, in September 2024. This project is anticipated to bring $49 million in local economic benefits.
Author: PPD Team Date: May 7, 2025 NLC India Renewables Limited (NIRL), a subsidiary of NLC India Limited, has signed a power purchase agreement (PPA) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) for an 810 MW solar power project in Bikaner, Rajasthan. The agreement was finalized on May 6, 2025. This solar project is part of the 2,000 MW Pugal Solar Park, which is being developed by RRVUNL at multiple sites in Rajasthan, including…
Author: PPD Team Date: July 4, 2025 The Multi Commodity Exchange of India (MCX) will introduce monthly electricity futures contracts starting July 10, 2025. These contracts are designed to help market participants manage electricity price risks with better precision. The new instrument is called the “Electricity Futures (Monthly Base Load) Contract.” It will be cash-settled and traded in Rs per megawatt-hour (MWh). Each contract will cover 50 MWh and be available for all 12 months…
Author: PPD Team Date: March 12, 2025 The transmission system for evacuating power from pumped storage projects (PSPs) in Sonbhadra District, Uttar Pradesh, is being planned to support renewable energy generation. Two major developers, Greenko and Avaada, have submitted applications for connecting a total of 3732 MW capacity from the Robertganj area in Sonbhadra. Greenko has submitted three applications for a combined capacity of 2016 MW (3×672 MW), while Avaada has submitted two applications for…
Author: PPD Team Date: October 24, 2024 India’s data centre capacity is projected to reach 2,000-2,100 MW by FY27, driven by investments between Rs 500 billion and Rs 550 billion, according to Investment Information and Credit Rating Agency (ICRA). The current capacity is 950 MW, with NTT Global Data Centers, CtrlS Datacenters, STT Global, Sify Technologies, and Nxtra Data controlling 85 per cent of the market as of March 2024. Low data tariffs, affordable smartphones,…
Author: PPD Team Date: April 14, 2025 Tata Power Renewable Energy Limited (TPREL) signed a 25-year power purchase agreement with NTPC Limited on April 14, 2025. The agreement covers the development of a 200 MW Firm and Dispatchable Renewable Energy (FDRE) ISTS-connected project under Tranche-II of NTPC’s FDRE scheme. TPREL had secured the project in March 2024 through NTPC’s Tranche-II auction by quoting a tariff of Rs 4.71 per kWh. NTPC had invited bids for…
Author: PPD Team Date: July 8, 2025 The European Commission (EC) has proposed an amendment to the EU Climate Law, targeting a 90% reduction in net greenhouse gas emissions by 2040, compared to 1990 levels. The amendment builds on the legally binding commitment to climate neutrality by 2050, which came into effect in July 2021. The proposal is grounded in the Commission Political Guidelines for 2024–2029 and is part of a broader push to align…