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CEE Group acquires 102 MW Klüden solar PV project in Saxony-Anhalt

Author: PPD Team Date: 26/11/2024 CEE Group, a Hamburg-based asset manager focused on renewable energies, has acquired the Klüden solar photovoltaic (PV) project in Börde, Saxony-Anhalt, Germany, from German project developer Sunovis.  The...

ABL secures marine warranty survey contract for Iberdrola’s Windanker wind farm

Author: PPD Team Date: 26/11/2024 Energy and marine consultancy ABL, part of the ABL Group, has been awarded a contract to provide marine warranty survey (MWS) services for Iberdrola’s 315 MW Windanker offshore wind farm in the Baltic Sea, 25 km...

AGL Energy to build A$1bn battery storage system in Newcastle

Author: PPD Team Date: 26/11/2024 AGL Energy has secured approval from the New South Wales (NSW) government to construct a A$1 billion battery energy storage system (BESS) in Newcastle.  Located near Raymond Terrace, the Tomago BESS will be one of...

GE Vernova secures contract for Queensland’s renewable energy grid upgrade

Author: PPD Team Date: 26/11/2024 GE Vernova has won a contract from Powerlink, Queensland’s state-owned transmission utility, to supply equipment for its Capital Work program. The agreement includes the delivery of 69 Dead Tank Circuit...

BEP secures green lane status for offshore wind projects in Philippines

Author: PPD Team Date: 26/11/2024 Buhawind Energy Philippines (BEP) has obtained green lane certification from the Board of Investments (BOI) for its three offshore wind power projects, collectively valued at PHP 694 billion.  These projects, with a...

National Grid Renewables secures PPA for 150 MW Bee Hollow solar project

Author: PPD Team Date: 26/11/2024 National Grid Renewables has signed a power purchase agreement (PPA) with the Illinois Municipal Electric Agency (IMEA) for the 150 MW Bee Hollow solar project in St. Clair County, Illinois.  Construction is slated...

Indonesia to retire coal-fired power plants by 2040

Author: PPD Team Date: 26/11/2024 Indonesia’s President Prabowo Subianto has announced plans to retire all coal-fired power plants by 2040, advancing the previous target of 2056.  At the G20 Summit in Rio de Janeiro on 19 November 2024, Subianto...

Arab Group opposes fossil fuel phase-out at COP29 climate summit

Author: PPD Team Date: 26/11/2024 The 22-nation Arab Group, led by Saudi Arabia, has opposed any United Nations Climate Change Conference (COP29) agreement that targets fossil fuels, according to The New Arab.  Saudi representative Albara Tawfiq...

Azerbaijan awards first 100 MW solar project to Universal International

Author: PPD Team Date: 26/11/2024 Azerbaijan has concluded its first renewable energy auction, awarding a 100 MW solar project in the Garadagh region to Chinese company Universal International Holdings.  The company secured the contract with a...

Equinor cuts 20% of renewables workforce amid offshore wind challenges

Author: PPD Team Date: 26/11/2024 According to a report by Reuters, Norway’s Equinor is reducing its renewables workforce by 20%, approximately 250 full-time roles, due to challenges in the offshore wind sector.  These challenges include cost...

RWE acquires majority stake in R3 Renewables

Author: PPD Team Date: 26/11/2024 German energy group RWE has acquired a majority stake in R3 Renewables, a joint venture (JV) formed by US coal miner Peabody Energy, Summit Partners Credit Advisors (SPCA), and Riverstone Credit Partners.  The deal...

BayWa r.e. sells 517 MW US solar portfolio in largest transaction to date

Author: PPD Team Date: 26/11/2024 BayWa r.e. has sold three solar projects in the United States, totalling 517 MWDC, to an undisclosed renewable independent power producer (IPP). The deal, finalized in October 2024, represents the largest portfolio...

Masdar and Silk Road Fund to co-invest $2.8bn in renewable energy projects

Author: PPD Team Date: 26/11/2024 Masdar, the Abu Dhabi Future Energy Company, and China’s Silk Road Fund have signed a memorandum of understanding (MoU) to co-invest up to 20 billion yuan ($2.8 billion) in renewable energy projects.  The agreement...

Iberdrola invests in RTS for insulation innovation, advances UK subsea cable project

Author: PPD Team Date: 25/11/2024 Iberdrola, through its Perseo start-up programme, has invested in Revestimientos Técnicos Sostenibles (RTS), an Andalusian company specializing in thermal insulation and anti-corrosion coatings.  The collaboration...

SRE Group and MWE form JV for offshore wind project in South Korea

Author: PPD Team Date: 25/11/2024 Taiwan’s Synera Renewable Energy Group (SRE Group) and South Korea’s Moondo Wind Energy (MWE) have launched a joint venture, Moondo Offshore Wind Energy, to develop an 840 MW offshore wind farm near...

Construction begins on ACT’s 250 MW Williamsdale BESS

Author: PPD Team Date: 25/11/2024 The Australian Capital Territory (ACT) government and Eku Energy have commenced construction of the Williamsdale Battery Energy Storage System (BESS), a 250 MW/500 MWh project under the ACT Government’s Big Canberra...

Axpo secures 163 MW capacity in French renewable energy tenders

Author: PPD Team Date: 22/11/2024 Axpo has been awarded a combined capacity of 163 MW in public tenders for solar and wind energy organized by the French Energy Regulatory Commission (CRE), as announced in November 2024.  Axpo’s solar division...

Planning application submitted for 2GW Caledonia offshore wind farm in Scotland

Author: PPD Team Date: 22/11/2024 Ocean Winds has submitted a planning application to the Scottish government’s Marine Directorate for the 2GW Caledonia offshore wind farm in the outer Moray Firth.  This milestone follows three years of extensive...

Hungary proposes amendments to Paks nuclear plant contract with Rosatom

Author: PPD Team Date: 22/11/2024 On November 19, 2024, the Hungarian government introduced a bill to its parliament seeking to amend the existing contract with Russia’s Rosatom for the expansion of the Paks nuclear power plant.  The Paks expansion...

RIC Energy and Rosemawr partner to deploy 450 MW solar and storage in New York

Author: PPD Team Date: 22/11/2024 RIC Development, LLC (“RIC Energy”) has partnered with Rosemawr Management to finance interconnection deposits for up to 450 MW of solar and energy storage projects in New York over the next three years.  This...

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...