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Japan unveils draft energy plan to boost renewables and nuclear power

Author: PPD Team Date: 18/12/2024 Japan’s industry ministry has released a draft of its new basic energy plan, targeting a power generation mix with 40–50% renewable energy and 20% nuclear energy by fiscal 2040, as reported by Jiji Press via The...

EIB provides €243m green loan to ERG Group for renewable projects

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...

Apex Clean Energy secures financing for Prosperity Wind project

Author: PPD Team Date: 18/12/2024 Apex Clean Energy has secured financing for the Prosperity Wind project, a 300MW wind farm under construction in Piatt County, Illinois, US. The project, featuring 50 Vestas turbines, is supported by White...

Cubico reaches financial close for Wambo wind farm in Queensland

Author: PPD Team Date: 18/12/2024 Cubico Sustainable Investments has achieved financial close for the Wambo wind farm project in Queensland, Australia. The project comprises the 252MW Stage I and 254MW Stage II wind farms. Two separate five-year...

Tion Renewables acquires 104MW solar portfolio in Spain from EDPR

Author: PPD Team Date: 18/12/2024 Tion Renewables Group has completed a deal with EDP Renováveis (EDPR) to acquire a 104MW solar portfolio in Spain. The financial terms of the deal have not been disclosed. The portfolio consists of four operational...

Vireon Hydrogen secures €3.8 million grant for 5 MW electrolyser in Finland

Author: PPD Team Date: 17/12/2024 Vireon Hydrogen has received a €3.8 million grant from Business Finland to develop a 5 MW electrolyser facility at the Jyväskylä Hydrogen Hub in Finland. Phase one of the project focuses on constructing a hydrogen...

Solarvest partners with Vista to develop solar projects in SEA

Author: PPD Team Date: 17/12/2024 Solarvest Holdings Bhd has partnered with Singapore-based Vista Contracting and Investment Global Private Limited to develop rooftop and utility-scale solar projects in Malaysia, Brunei, Taiwan, and Cambodia. The...

EIB grants €225 million loan for Prologis solar energy project

Author: PPD Team Date: 16/12/2024 The European Investment Bank (EIB) has approved a €225 million framework loan to Prologis to support its initiative to generate electricity from low-carbon sources.  The project involves installing rooftop solar...

Hydrom and thyssenkrupp nucera collaborate on Oman’s green hydrogen expansion

Author: PPD Team Date: 16/12/2024 Hydrogen Oman (Hydrom) and thyssenkrupp nucera have signed a Memorandum of Understanding (MoU) to advance Oman’s green hydrogen sector.  The partnership will focus on exploring localisation opportunities and...

KEGOC secures KZT141 billion funding for West Kazakhstan project

Author: PPD Team Date: 16/12/2024 Kazakhstan Electricity Grid Operating Company (KEGOC) has signed loan agreements with the European Bank for Reconstruction and Development (EBRD) and the Development Bank of Kazakhstan for a total of KZT141 billion...

GE Hitachi advances BWRX-300 SMR to GDA Step 2 in UK

Author: PPD Team Date: 16/12/2024 GE Vernova’s nuclear division, GE Hitachi Nuclear Energy (GEH), has reached a significant milestone with its BWRX-300 small modular reactor (SMR) technology, advancing to Step 2 of the Generic Design Assessment (GDA)...

NorthWestern acquires 10% stake in North Plains Connector HVDC project

Author: PPD Team Date: 16/12/2024 NorthWestern Energy has entered into a memorandum of understanding (MoU) with Grid United’s North Plains Connector to acquire a 10% stake in the 3GW HVDC transmission line project.  The 420-mile (676 km) transmission...

Westinghouse and BWXT Canada partner on nuclear new-build projects globally

Author: PPD Team Date: 16/12/2024 Westinghouse Electric Company and BWXT Canada have signed a memorandum of understanding (MoU) to collaborate on nuclear new-build projects in Canada and globally.  BWXT Canada will manufacture key components for...

Vestas secures 1.1GW order for Inch Cape offshore wind project in Scotland

Author: PPD Team Date: 16/12/2024 Vestas has received a firm and unconditional order for the 1.1GW Inch Cape offshore wind project in Scotland from Inch Cape Offshore, a joint venture between ESB and Red Rock Renewables.  The contract includes the...

Masdar inaugurates 500MW Zarafshan wind farm in Uzbekistan

Author: PPD Team Date: 16/12/2024 Masdar, an Abu Dhabi-based future energy company, has inaugurated the 500MW Zarafshan wind farm in Uzbekistan, marking the largest wind facility in Central Asia.  The project was officially opened by Uzbekistan’s...

Envision Energy secures largest battery storage order in South Africa

Author: PPD Team Date: 16/12/2024 Envision Energy has secured a significant order to supply three battery energy storage systems (BESS) for South Africa’s Oasis 1 cluster of projects, with a total capacity of 257MW and 1,028 megawatt hours (MWh) of...

Kansai acquires stake in Windanker offshore wind farm in Germany

Author: PPD Team Date: 13/12/2024 Japanese utility Kansai Electric Power has entered into a share purchase agreement with Iberdrola to acquire a 49% stake in the Windanker offshore wind farm project in Germany.  Kansai’s subsidiary, Windanker...

Iberdrola explores sale of UK smart metering business to raise £1bn

Author: PPD Team Date: 13/12/2024 Spanish utility Iberdrola is considering the sale of its UK smart metering business, aiming to raise £1 billion ($1.27 billion), according to Reuters. The company is working with the Royal Bank of Canada as an...

Ofgem approves funding for transmission projects in Scotland

Author: PPD Team Date: 13/12/2024 The British Office of Gas and Electricity Markets (Ofgem) has approved funding for several transmission infrastructure projects in Scotland, enabling SSEN Transmission to begin pre-construction activities such as...

TotalEnergies and OQAE to develop 300 MW RE projects in Oman

Author: PPD Team Date: 13/12/2024 TotalEnergies has partnered with OQ Alternative Energy (OQAE) to develop 300 MW of renewable energy projects in Oman.  The electricity generated will be supplied to Petroleum Development Oman (PDO) through long-term...

Recent Posts

Power Sector News Roundup for July 4, 2025

Author: PPD Team Date: 04/07/2025 Global: Ofgem approves £24bn plan to upgrade UK energy networks US...

US Senate passes bill to cut clean energy tax credits by 2026

Author: PPD Team Date: 04/07/2025 In a tight 51–50 vote, the US Senate has passed the One Big...

Ofgem approves £24bn plan to upgrade UK energy networks

Author: PPD Team Date: 04/07/2025 Ofgem has cleared £24bn ($32bn) for upgrades to strengthen UK...

Adani Power in race for 2,400 MW Pirpainti project in Bihar

Author: PPD Team Date: 04/07/2025 Adani Power Limited (APL) is among four firms competing for the...

MCX to launch monthly electricity futures from July 10

Author: PPD Team Date: 04/07/2025 The Multi Commodity Exchange of India (MCX) will introduce monthly...

Bangladesh pays $437 million to Adani Power

Author: PPD Team Date: 04/07/2025 Bangladesh paid USD 437 million to Adani Power Limited in June...

CEA and IIT Roorkee sign MoU for joint work on power sector research

Author: PPD Team Date: 04/07/2025 On July 1, 2025, the Central Electricity Authority (CEA) and IIT...

India plans battery electric truck shift to cut freight emissions

Author: PPD Team Date: 04/07/2025 On 1 July 2025, the Office of the Principal Scientific Adviser...

Oswal Energies receives first electrolyser for green hydrogen project

Author: PPD Team Date: 04/07/2025 Oswal Energies Limited has kicked off its Rs 3.2 billion green...

KSB secures pump supply contract for thermal projects

Author: PPD Team Date: 04/07/2025 KSB Limited has won a contract from Larsen & Toubro Limited...