Author: PPD Team Date: 15/10/2024 The UK government has secured over £24 billion ($31.39 billion) in private investments for innovative energy projects ahead of the International Investment Summit on 14 October 2024. These investments are expected to...

Author: PPD Team Date: 15/10/2024 Westinghouse Electric has signed a memorandum of understanding (MoU) with Seaspan to produce essential components for its AP1000 and AP300 small modular reactors (SMRs). This partnership will support nuclear...

Author: PPD Team Date: 15/10/2024 Danish wind turbine manufacturer Vestas and Nordic energy company Fortum have settled their arbitration dispute regarding wind energy projects in Russia. Both parties agreed to drop all past, present, and future...

Author: PPD Team Date: 22/09/2024 The US Department of the Interior (DOI) will hold its first offshore wind energy lease auction for the Gulf of Maine on 29 October 2024. The auction will offer leases for eight areas off the coasts of Massachusetts...

Author: PPD Team Date: 21/09/2024 According to the latest release from the International Energy Agency (IEA), total net electricity production in the Organisation for Economic Co-operation and Development (OECD) countries reached 902.8 TWh in June...

Author: PPD Team Date: 19/09/2024 Energy company VPI plans to invest up to €450 million in battery storage projects in Germany, aiming to develop 500 MW of capacity over the next three to five years. This investment aligns with Germany’s goal of...

Author: PPD Team Date: 19/09/2024 Norwegian energy company Scatec has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company for a 1 GW solar and 100 MW/200 MWh battery storage project in Egypt. The 25-year...

Author: PPD Team Date: 19/09/2024 Several solar and wind projects in South Africa will receive €400 million through a joint initiative between the European Investment Bank (EIB) and South Africa’s FirstRand Bank. The investment, with each party...

Author: PPD Team Date: 19/09/2024 Qatar Investment Authority (QIA), with assets valued at $475 billion, is looking to increase its stake in Spain’s leading utility company, Iberdrola, from 8.8% to over 10%, according to local Spanish media reports...

Author: PPD Team Date: 16/09/2024 EnBW is in discussions with its major shareholders about a potential capital increase of €3 billion to manage the rising costs of investing in Germany’s energy transition. The utility stated that the decision...

Author: PPD Team Date: 16/09/2024 DTEK plans to establish a series of energy storage systems (ESS) across Ukraine, with a total capacity of 200 MW, aimed at enhancing the nation’s green and secure energy infrastructure. The project will involve...

Author: PPD Team Date: 12/09/2024 Westinghouse Electric has partnered with Hyundai Engineering & Construction to pursue nuclear power plant (NPP) projects in Sweden and Finland. The collaboration will focus on deploying Westinghouse’s...

Author: PPD Team Date: 12/09/2024 GE Vernova has secured a 140 MW wind turbine order in Romania from Public Power Corporation Renewables (PPCR). The company will supply, install, and commission 23 turbines, each with a 6.1MW capacity, for a wind...

Author: PPD Team Date: 12/09/2024 Siemens has announced the acquisition of Trayer Engineering, a US-based company specializing in medium voltage secondary distribution switchgear, as part of its strategy to expand its grid modernization portfolio...

Author: PPD Team Date: 12/09/2024 GE Vernova Inc. has launched the RESTORE DC Block, an advanced containerized solution for Battery Enabled Energy Storage (BESS) with a capacity of 5 MWh and an operational duration of 2-8 hours. Designed for...

Author: PPD Team Date: 12/09/2024 Encavis has secured €60.7 million in non-recourse project financing for its solar plant in Lindenhof, Borrentin, located near Demmin in Mecklenburg-Western Pomerania. The plant is expected to be operational by the...