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EIB grants €120 million loan to Iberdrola for energy innovation in Spain

Author: PPD Team Date: 24/10/2024 The European Investment Bank (EIB) has signed a €120 million loan agreement with Iberdrola to support research and innovation in energy technologies, focusing on accelerating electrification and decarbonisation. The...

Georgia Power secures $160 million DOE grant for grid enhancement

Author: PPD Team Date: 24/10/2024 Georgia Power has received $160 million from the US Department of Energy (DOE) under the Grid Resilience and Innovation Partnerships (GRIP) programme to enhance the resilience and efficiency of Georgia’s power grid. ...

Viaro Energy and Terrestrial Energy partner to develop IMSR nuclear project in the UK

Author: PPD Team Date: 24/10/2024 British energy company Viaro Energy and US-based Terrestrial Energy have signed a memorandum of understanding to develop the Integral Molten Salt Reactor (IMSR) nuclear project in the UK. The partnership aims to...

Energy Vault partners with Enervest Group for 1 GWh BESS project in Australia

Author: PPD Team Date: 24/10/2024 Energy Vault Holdings has partnered with the Enervest Group to deploy a 1 gigawatt-hour (GWh) battery energy storage system (BESS) at the Stoney Creek site in New South Wales (NSW), Australia.  Enervest CEO Ross...

Ocean Winds and Eletrobras partner to explore offshore wind opportunities in Brazil

Author: PPD Team Date: 24/10/2024 Ocean Winds (OW) and Eletrobras have signed a memorandum of understanding (MoU) in São Paulo to collaborate on offshore wind energy projects in Brazil, aligning with the country’s renewable energy targets and...

Dominion finalises sale of 50% stake in CVOW project to Stonepeak

Author: PPD Team Date: 24/10/2024 Dominion Energy has completed the sale of a 50% non-controlling interest in its Coastal Virginia Offshore Wind (CVOW) commercial project to Stonepeak, an alternative investment firm.  This transaction, first...

NKT begins installation of SuedLink power cable project in Germany

Author: PPD Team Date: 24/10/2024 Power cable manufacturer NKT has started the installation of a 518 km high-voltage direct current (HVDC) power cable system for TenneT’s SuedLink project. The 525 kV cables will connect northern Germany’s...

Venterra Group acquires Oceanscan Holdings to strengthen offshore wind services

Author: PPD Team Date: 24/10/2024 UK-based offshore wind services provider Venterra Group has acquired Oceanscan Holdings, expanding its capabilities in the offshore energy market. Financial details of the transaction were not disclosed. Oceanscan...

Evergy plans natural gas plant investment in Kansas

Author: PPD Team Date: 23/10/2024 Evergy, a US-based utility company, plans to build two 705 MW combined-cycle natural gas plants in Kansas to meet rising energy demands and enhance reliability.  The first plant in Sumner County is expected to...

ADB grants USD 15 million for Tajikistan’s power grid

Author: PPD Team Date: 23/10/2024 The Asian Development Bank (ADB) has approved an additional USD 15 million grant to aid Tajikistan’s efforts in reconnecting its power grid with the Central Asian Power System (CAPS) and enhancing interconnections...

Statkraft submits planning application for 2.1 GW wind farm in Baltic Sea

Author: PPD Team Date: 23/10/2024 Statkraft has filed a planning application for the 2.1 GW Baltic Offshore Delta North wind farm, located approximately 100 kilometres east of Stockholm, within Sweden’s economic zone in the Baltic Sea.  The...

US DOE allocates $2 billion for 38 projects to enhance power grid resilience

Author: PPD Team Date: 23/10/2024 The US Department of Energy (DOE) has announced nearly $2 billion in funding for 38 projects under the Grid Resilience and Innovation Partnerships (GRIP) program.  The initiative aims to upgrade transmission and...

France to launch 9.2 GW offshore wind tenders

Author: PPD Team Date: 23/10/2024 France is preparing to launch tenders for two fixed and three floating offshore wind farms, totalling 9.2GW, in the autumn and winter of 2024/25.  The French Energy Ministry has identified key locations for these...

Ørsted submits Long Island Wind proposal to NYSERDA

Author: PPD Team Date: 23/10/2024 Danish energy company Ørsted has submitted a proposal for the Long Island Wind project to the New York State Energy Research and Development Authority (NYSERDA).  The project is designed to generate over 1.4GW of...

SB Energy’s Orion Solar Belt projects begin commercial operations

Author: PPD Team Date: 23/10/2024 SB Energy Global, backed by SoftBank Group, has commenced commercial operations for the Orion Solar Belt projects—Orion I, Orion II, and Orion III—in Milam County, Texas. The combined capacity of these utility-scale...

BOEM finalises environmental review for wind leases in New York Bight

Author: PPD Team Date: 23/10/2024 The US Bureau of Ocean Energy Management (BOEM) has completed an environmental review for six wind lease areas in the New York Bight, potentially generating up to 7GW of offshore wind energy.  This development...

Scatec achieves financial close for South Africa’s 103 MW Mogobe BESS

Author: PPD Team Date: 23/10/2024 Scatec has reached financial close for its 103 MW/412 MWh Mogobe battery energy storage system (BESS) in South Africa. The project, Africa’s first and largest standalone dispatchable BESS, is set to begin...

Singapore EMA conditionally accepts 1.75 GW electricity from Australia

Author: PPD Team Date: 23/10/2024 The Energy Market Authority (EMA) of Singapore has conditionally approved Sun Cable’s proposal to import 1.75 GW of low-carbon electricity from Australia. This electricity will be generated from solar power in...

European green electricity PPA prices fall 12.4% in Q3 2024, LevelTen reports

Author: PPD Team Date: 21/10/2024 According to LevelTen, a price tracking platform, European power purchase agreement (PPA) prices for green electricity dropped by 12.4% in Q3 2024 compared to the same period in 2023.  This decrease is attributed to...

Neart na Gaoithe offshore wind farm generates first power for UK grid

Author: PPD Team Date: 21/10/2024 The 450 MW Neart na Gaoithe (NnG) offshore wind farm, located 15.5km off the coast of Fife, Scotland, has delivered its first power to the UK national grid.  Once fully operational by summer 2025, NnG will provide...

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...