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...
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...
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...
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...
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...
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...
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...
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...
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. ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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