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Huawei signs deal to supply 4.5GWh battery storage in Philippines

Author: PPD Team Date: 26/12/2024 Huawei has signed an agreement with the Meralco Terra Solar project in the Philippines to supply a 4.5GWh battery energy storage system.  This marks Huawei’s largest energy storage project, integrating containerized...

EWEC to develop 4.5GW renewable energy projects in Abu Dhabi

Author: PPD Team Date: 26/12/2024 Emirates Water and Electricity Company (EWEC) has received approval to develop four new renewable energy sites in Abu Dhabi, UAE. The sites, covering around 75 km², will accommodate solar photovoltaic (PV) and wind...

TPG Rise Climate in talks to acquire Altus Power

Author: PPD Team Date: 26/12/2024 TPG Rise Climate, the climate investment arm of TPG, is in discussions to acquire US-based solar developer Altus Power, according to Reuters sources.  The deal, which could be formalized in the coming weeks, is not...

Hitachi Energy secures contracts for HVDC converter stations in Germany

Author: PPD Team Date: 24/12/2024 Hitachi Energy has won contracts worth over €2bn ($2.08bn) with Amprion, a German transmission system operator, to supply four converter stations for two high-voltage direct-current (HVDC) links, V48 and V49.  These...

Orlen signs €244m deal with EIB for renewable energy grid expansion

Author: PPD Team Date: 24/12/2024 Orlen has secured a second agreement with the European Investment Bank (EIB) for nearly 1bn zlotys ($244m) to fund its strategic electricity distribution network programme.  The investment will enhance renewable...

EDF connects Flamanville 3 nuclear reactor to France’s power grid

Author: PPD Team Date: 24/12/2024 EDF has integrated the Flamanville 3 nuclear reactor into France’s national power grid, marking the first expansion of the country’s nuclear network in 25 years.  The reactor was connected on 21 December 2024...

Iberdrola secures green loan for photovoltaic plant in Sicily

Author: PPD Team Date: 24/12/2024 Iberdrola has finalized a €100m ($103m) green loan agreement with the European Investment Bank (EIB), guaranteed by SACE under the Archimede scheme, to construct a new photovoltaic plant in Sicily, Italy.  This marks...

LCCC signs three contracts under UK hydrogen round

Author: PPD Team Date: 24/12/2024 The Low Carbon Contracts Company (LCCC) has signed three hydrogen production contracts under Hydrogen Allocation Round 1 (HAR1), part of the UK government’s Hydrogen Production Business Model.  These initial...

ERC approves NGCP transmission projects in Philippines

Author: PPD Team Date: 24/12/2024 The Philippines Energy Regulatory Commission (ERC) has approved two transmission projects by the National Grid Corporation of the Philippines (NGCP), the private operator of the country’s transmission network. The...

EIB and EDP secure €700m loans for renewables and grid expansion

Author: PPD Team Date: 23/12/2024 The European Investment Bank (EIB) and Portuguese utility EDP have signed two loan agreements worth €700 million ($726.8 million) to fund renewable energy projects and expand the power grid in southern Europe. A €500...

The Nuclear Company seeks contractors for 6GW nuclear project in US

Author: PPD Team Date: 23/12/2024 The Nuclear Company has issued a solicitation of interest to contractors for its 6GW nuclear power initiative across the United States. The project adopts a “design once, build many” strategy, leveraging...

Excelsior Energy Capital signs 7.5GWh agreement with LG Energy Solution Vertech

Author: PPD Team Date: 23/12/2024 Excelsior Energy Capital has entered a multi-year agreement with LG Energy Solution Vertech for a 7.5 gigawatt hour (GWh) reservation to support its US clean energy projects.  This agreement ensures a steady supply...

Hanwha Qcells secures $1.45bn loan guarantee for US solar manufacturing facility

Author: PPD Team Date: 23/12/2024 Hanwha Qcells Georgia has secured a $1.45 billion loan guarantee from the US Department of Energy’s Loan Programs Office (LPO) to fund the development of a solar supply chain facility in Cartersville, Georgia.  This...

Viaro Energy to acquire Evoterra’s wind and oil assets in UK and Germany

Author: PPD Team Date: 23/12/2024 Viaro Energy has signed a sales and purchase agreement to acquire 100% of integrated transition energy firm Evoterra’s assets, including its wind turbine fleet and oil and gas exploration licences in the UK and...

Google signs 15-year PPA for 250 MW wind energy in Netherlands

Author: PPD Team Date: 23/12/2024 Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund I, has signed a 15-year power purchase agreement (PPA) with Google in the Netherlands.  Under this agreement, Google will purchase 250 MW...

Atlantica acquires 1.1 GW renewable energy development platform in US

Author: PPD Team Date: 23/12/2024 Atlantica Sustainable Infrastructure has acquired a development platform in the US, adding 1.1 GW of solar and wind projects in the MISO and SPP regions.  The portfolio includes projects in Illinois, Colorado...

GE Vernova to deliver HVDC system for South Korea’s largest power grid project

Author: PPD Team Date: 23/12/2024 GE Vernova Inc., through its joint venture KAPES, has been selected by Korea Electric Power Corporation (KEPCO) to provide an advanced high-voltage direct current (HVDC) system for South Korea’s largest power...

Vestas secures 225MW contracts in US, Germany and New Zealand

Author: PPD Team Date: 20/12/2024 Vestas has signed contracts for 225MW of wind turbine projects in the US, Germany, and New Zealand, as part of its Q4 2024 order intake. In the US, Vestas received an 86MW order from Brookfield Renewable for the...

Oklo and Switch sign historic 12GW clean power deal

Author: PPD Team Date: 20/12/2024 Switch has selected Oklo, a nuclear technology company, to deploy 12GW of Oklo Aurora powerhouse projects by 2044. The projects are part of a non-binding master power agreement, one of the largest corporate clean...

AfDB invests in climate tech in Sub-Saharan Africa

Author: PPD Team Date: 20/12/2024 The African Development Bank (AfDB) has committed USD 10 million from its Sustainable Energy Fund for Africa (SEFA) to the Persistent Africa Climate Venture Builder Fund (ACV Fund). This initiative supports climate...

Recent Posts

Power Sector News Roundup for May 21, 2025

Author: PPD Team Date: 21/05/2025 Global: Fluxys, OQGN to jointly develop hydrogen network in Oman...

Goa plans Rs 11 billion investment in Verna, Tuem, and Kundaim substations

Author: PPD Team Date: 21/05/2025 The Electricity Department of Goa is planning to develop three new...

NLC approves JV with RRVUNL for Gurha thermal power project

Author: PPD Team Date: 21/05/2025 The Board of Directors of NLC India Limited has approved forming a...

Hinduja Renewables signs solar PPAs with Lloyd Metals

Author: PPD Team Date: 21/05/2025 HR Godavari Private Limited, the special purpose vehicle (SPV) of...

Fluxys, OQGN to jointly develop hydrogen network in Oman

Author: PPD Team Date: 21/05/2025 Fluxys and OQ Gas Networks SAOG (OQGN) have signed an agreement to...

MNRE clarifies ALMM exemptions for net billing and virtual metering models

Author: PPD Team Date: 21/05/2025 The Ministry of New and Renewable Energy (MNRE) has clarified that...

NTPC invites bids for geotechnical investigation works for nuclear projects

Author: PPD Team Date: 21/05/2025 NTPC Limited has invited bids for enlistment of agencies to carry...

Gepdec Infratech secures substation contract for Lalitpur solar park

Author: PPD Team Date: 21/05/2025 Gepdec Infratech Limited (GIL) has won a contract worth Rs 984.39...

ISGEC wins Rs 1.87 bn ESP upgrade contract at Kolaghat thermal plant

Author: PPD Team Date: 21/05/2025 ISGEC Heavy Engineering Limited has secured a contract valued at...

Siemens secures DCS contract for Suratgarh TPS renovation

Author: PPD Team Date: 21/05/2025 Siemens Limited has won a contract worth Rs 196.58 million for...