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Global Contract and Deal Updates – January 28, 2025

Meridiam partners with HAU and EBRD to develop renewable energy in Egypt Meridiam has entered into a long-term strategic partnership with Hassan Allam Utilities (HAU) and the European Bank for Reconstruction and Development (EBRD) to develop and...

AI boom drives 58 GW rise in PJM grid demand by 2035

The US’s largest electricity grid, managed by PJM Interconnection, anticipates a 58 GW surge in peak summer demand by 2035, reaching 210 GW due to the AI boom, according to Bloomberg. Data centres critical for AI operations drive rapid power...

Italy to finalise strategy for nuclear power reintroduction by 2027

Italy plans to finalise a strategy for the reintroduction of nuclear power by the end of 2027, as reported by Reuters. Energy Minister Gilberto Pichetto Fratin revealed the plan in an interview with Il Sole 24 Ore.  The current government, under...

EIA forecasts solar power growth will drive US power generation up to 2027

The US Energy Information Administration (EIA) projects that solar power will lead the growth in US power generation through 2027.  In its latest short-term energy outlook, the EIA estimates utilities and independent power producers will add 26GW of...

Global Project Development Update: January 27, 2025

JA Solar completes 1 GW delivery for Ulan Buh Desert energy base project JA Solar has successfully delivered high-performance n-type PV modules to the 1 GW photovoltaic project at the Ulan Buh Desert Northeast New Energy Base in China. This energy...

Global Contract and Deal Updates – January 27, 2025

NextEra partners with GE Vernova for natural gas-fired project NextEra Energy has partnered with electric services company GE Vernova to develop natural gas-fired power generation projects in the United States, as reported by Reuters. The...

BII commits $95 million to climate action in South-East Asia

British International Investment (BII) has pledged $95 million to support climate action in South-East Asia, including a $70 million top-up commitment to the SUSI Asia Energy Transition Fund (SAETF) and a co-investment commitment to Sustainable Asia...

Solar power overtakes coal in EU electricity mix in 2024

Solar power surpassed coal in the European Union’s (EU) electricity mix for the first time in 2024, according to energy think tank Ember.  Solar accounted for 11% of the EU’s electricity mix, up from 9.3% in 2023, while coal fell below 10%, the...

Waaree Solar Americas starts commercial production of solar modules in Texas

Waaree Solar Americas, a wholly-owned subsidiary of Waaree Energies Limited (WEL), has begun the commercial production of solar modules at its manufacturing facility in Brookshire, Texas, with a capacity of 1,600 MW. This facility marks a key step in...

Uzbekistan’s NEGU targets 76.1 billion TWh electricity transmission in 2025

Uzbekistan’s JSC National Electric Grid of Uzbekistan (NEGU) aims to transmit 76.1 billion TWh of electricity through its networks in 2025, an increase from 74 TWh in 2024. In 2024, NEGU made significant improvements, including adding 543 km of...

CleanMax secures financing to develop solar projects in UAE

CleanMax has secured a long-term credit facility of AED 99 million from Hong Kong and Shanghai Banking Corporation (HSBC) to develop and finance its onsite solar portfolio in the UAE. The facility will support the installation of 92 solar assets...

Trump suspends IRA funding, halting clean energy projects

US President Donald Trump has issued an executive order suspending all funding disbursements under the Inflation Reduction Act (IRA), marking a significant shift in the US energy agenda.  The move, termed “Terminating the Green New Deal,”...

Technip Energies wins FEED contract for Uniper’s new UK power plant

Technip Energies has been awarded a front-end engineering design (FEED) contract for Uniper’s new combined cycle gas turbine (CCGT) power station with carbon capture and storage (CCS) at Connah’s Quay, located in the northwest of England. The...

Vestas secures turbines order for Ukraine’s largest wind energy project

Vestas has secured an order to supply turbines for the second phase of the Tyligulska wind energy project in Ukraine, the country’s largest renewable energy project.  Following the successful commissioning of the first phase in spring 2023, Vestas...

Nesma Infrastructure wins contract for Riyadh 380 kV substation

Nesma Infrastructure and Technology has secured a SAR915 million contract with the Saudi Electricity Company (SEC) for constructing two 380 kV substations in Riyadh, named Rumah BSP-9077 A and B. The project includes installing line reactors at the...

Trincomalee Power to develop 50 MW solar project in Sri Lanka

Trincomalee Power Company Limited (TPCL), a joint venture between NTPC Limited and the Ceylon Electricity Board (CEB), is developing a 50 MW solar project in Sampoor, Trincomalee, Sri Lanka, with potential for expansion to 120 MW. The project’s...

Lhyfe and Masdar to develop green hydrogen projects in Europe

Lhyfe and Masdar have signed a Memorandum of Understanding (MoU) to explore the co-development of large-scale green hydrogen production projects in Europe.  This partnership will identify collaboration and investment opportunities across the green...

Mongolia partners with EBRD to boost renewable energy sector

Mongolia has entered into a partnership with the European Bank for Reconstruction and Development (EBRD) to enhance the country’s renewable energy sector.  Announced at the World Economic Forum in Davos (January 2025), the EBRD will help...

Mitsubishi completes 1.4GW Hin Kong GTCC power plant in Thailand

Mitsubishi Power, part of Mitsubishi Heavy Industries, has completed the 1.4GW Hin Kong natural gas-fired gas turbine combined cycle (GTCC) power plant in Thailand.  The plant, a joint venture between RATCH Group and Gulf Energy Development, features...

United Group invests €120m in green electricity production in Bulgaria

United Group, a Southeastern Europe-based telecommunications and media company, has committed €120 million ($124.6 million) to green electricity production in Bulgaria.  The investment will supply 160% of the electricity needed for the company’s...

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Jupiter International begins work on solar ingot-wafer plant in Nagpur

Jupiter International has started work on a Rs 3,000 crore solar ingot and wafer manufacturing...

ADB approves $850 million loan to support India’s rooftop solar rollout

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Coal quality issues leave 1,700 MW unavailable at MAHAGENCO plants

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NPCIL, IIT Bombay partner on soil improvement technique for GHAVP 3 & 4

Nuclear Power Corporation of India Limited (NPCIL) and Indian Institute of Technology Bombay (IIT...

Vikran Engineering commissions 132 kV Miao–Namsai transmission line in Arunachal Pradesh

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Pace Digitek signs EPC contract with NLC for 250 MW/500 MWh BESS in Tamil Nadu

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Ampere partners Muthoot Capital to expand EV financing across India

Ampere, the electric two-wheeler brand of Greaves Electric Mobility Limited (GEML), has partnered...

L&T Q1 PAT rises 14% to Rs 4,123 crore; order book reaches Rs 778,954 crore

Larsen & Toubro Limited (L&T) reported consolidated Profit After Tax (PAT) of Rs 4,123 crore...

PFCCL incorporates SPV for 5×500 MVA Benachigere transmission project

PFC Consulting Limited (PFCCL), a wholly-owned subsidiary of Power Finance Corporation Limited...

NCT’s new scheme to act as “shock absorber” for northern grid

The National Committee on Transmission (NCT) has approved a Rs 4,378 crore transmission scheme to...