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EVN signs contract for Côn Đảo power connection

Author: PPD Team Date: 20/12/2024 Vietnam Electricity (EVN) has signed a VND4.923 trillion contract with PC1 Group and Power Engineering Consulting JSC 4 to connect Côn Đảo to the national grid. The project involves a 77.7 km 110kV submarine cable...

Neoen secures AUD 1.4 billion for Australian renewable energy projects

Author: PPD Team Date: 20/12/2024 Neoen has obtained AUD 1.4 billion in debt financing for 1.3 GW of wind, solar, and storage assets, effectively doubling its Australian renewable energy portfolio financing.  Eleven major lenders participated...

AMEA Power commissions 500 MW Abydos Solar PV plant in Egypt

Author: PPD Team Date: 20/12/2024 AMEA Power has commissioned the 500 MW Abydos Solar PV Plant in Egypt’s Aswan Governorate.  The plant will generate around 1,500 GWh of renewable energy annually, reducing carbon emissions by 782,300 tonnes...

GE Vernova delivers 3.4MW wind turbine to NREL for energy research

Author: PPD Team Date: 20/12/2024 GE Vernova’s Advanced Research Center has delivered a 3.4MW-140m wind turbine to the National Renewable Energy Laboratory (NREL) for energy research.  The wind turbine will serve as a research platform at NREL...

Romania signs EPC contract to extend life of Cernavoda NPP Unit 1

Author: PPD Team Date: 20/12/2024 Romanian state-owned nuclear power producer Nuclearelectrica has signed a €1.9 billion ($1.97 billion) engineering, procurement, and construction (EPC) contract to extend the life of Unit 1 at the Cernavoda nuclear...

Afreximbank funds hydropower project in DRC

Author: PPD Team Date: 19/12/2024 Afreximbank has signed a financing agreement for a 200 MW hydropower project along the Lufira River in the Democratic Republic of Congo (DRC), in partnership with Kipay Investments. This marks the bank’s first...

Envision Energy secures record wind contract in the Philippines

Author: PPD Team Date: 19/12/2024 Envision Energy has signed a 344.5MW wind turbine supply agreement for the Quezon North Wind project, making it the Philippines’ largest single wind power contract.  ACEN, the Ayala Group’s renewable...

Ørsted sells 50% stake in US solar and battery projects

Author: PPD Team Date: 19/12/2024 Ørsted has divested a 50% equity stake in three US solar and battery projects to Energy Capital Partners (ECP) for $572m. The projects include Mockingbird Solar (468MW) and Sparta Solar (250MW) in Texas, as well as...

Qcells achieves 28.6% efficiency in tandem solar cells

Author: PPD Team Date: 19/12/2024 Energy solutions provider Qcells has achieved a world record of 28.6% efficiency in tandem solar cells on a full-area M10-sized cell (~0.36ft²) through its research and development (R&D) pilot line in Germany. ...

Prysmian secures submarine cable projects in France

Author: PPD Team Date: 19/12/2024 Prysmian, a leading manufacturer of energy and telecom cables, has entered into a framework agreement with Réseau de Transport d’Électricité (RTE), France’s transmission system operator, to provide submarine...

Westinghouse Electric and Aecon partner to advance nuclear energy projects

Author: PPD Team Date: 19/12/2024 Westinghouse Electric Company and Aecon have signed two agreements to jointly develop and deploy advanced nuclear power projects, including the construction of AP1000 reactors in Canada. The collaboration is...

Sheringham Shoal and Dudgeon offshore wind farm extension projects to be developed jointly

Author: PPD Team Date: 19/12/2024 The Sheringham Shoal and Dudgeon offshore wind farm extension projects in Norfolk, UK, will be developed under a joint ownership structure, subject to regulatory approval. This will streamline the development process...

Canada extends net zero electricity grid target to 2050

Author: PPD Team Date: 19/12/2024 Canada has revised its target for achieving a net-zero electricity grid, extending the deadline from 2035 to 2050. This decision follows the release of the finalised Clean Electricity Regulations (CER), which were...

Nexamp and Walmart partner to develop 31 community solar projects across US

Author: PPD Team Date: 19/12/2024 Nexamp has announced a partnership with Walmart to develop 31 community solar projects across the United States, expected to generate over 120 MW (DC) of renewable energy.  This collaboration is their second...

CIP acquires majority stake in Toqlukuti’k Wind & Hydrogen project

Author: PPD Team Date: 19/12/2024 Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund (CI ETF I), has acquired a majority stake in the Toqlukuti’k Wind & Hydrogen project, a large-scale onshore wind and hydrogen...

KEPCO completes ±150 kV HVDC project connecting Wando and Jeju

Author: PPD Team Date: 19/12/2024 Korea Electric Power Corporation (KEPCO) has completed the ±150 kV Wando–Dongjeju high voltage direct current (HVDC) project, enhancing the power supply to Jeju Island. The project, with a capacity of 200 MW...

Alternus Clean Energy acquires LiiON for $5 million

Author: PPD Team Date: 19/12/2024 Alternus Clean Energy has finalized the acquisition of LiiON, LLC through an asset purchase agreement executed by one of its US subsidiaries. The $5 million deal combines debt and equity, granting Alternus LiiON’s...

Vietnam and Singapore to collaborate for electricity export

Author: PPD Team Date: 19/12/2024 Vietnam and Singapore are set to collaborate on an offshore wind (OSW) power project that will export electricity from Vietnam to Singapore starting in 2030. The announcement was made during a meeting between...

ABB to acquire Gamesa Electric’s power electronics business in Spain

Author: PPD Team Date: 19/12/2024 ABB has signed an agreement to acquire the power electronics business of Gamesa Electric in Spain from Siemens Gamesa.  This acquisition will strengthen ABB’s position in the growing market for high-powered renewable...

US DoE offers $15 billion loan commitment to PG&E

Author: PPD Team Date: 19/12/2024 The US Department of Energy (DoE) has provided a conditional commitment for a $15 billion loan to California-based electric utility PG&E.  If finalized by the DoE’s Loan Programs Office (LPO), the loan will...

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...