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EU to provide €30m aid to Moldova for energy crisis relief

Author: PPD Team Date: 29/01/2025 The EU will offer €30m ($31.4m) in emergency assistance to Moldova, including the separatist Transnistrian region, until 10 February 2025.  The aid follows Russian gas supplier Gazprom’s failure to deliver...

Chevron, Engine No.1, GE Vernova to build first U.S. multi-GW power plant, data center

Author: PPD Team Date: 29/01/2025 Chevron USA and Engine No.1 have joined forces to create a new company for developing natural gas-fired power plants to support US-based AI data centres, in collaboration with GE Vernova.  This initiative addresses...

Vena Energy and CIP awarded offtake contract for Taean Wind Project in South Korea

Author: PPD Team Date: 29/01/2025 Vena Energy and Copenhagen Infrastructure Partners (CIP) have secured an offtake contract for their joint 500 MW Taean Wind Project in South Korea, awarded in the Wind Power Fixed-Price Contract Auction by the Korea...

Global Contract and Deal Updates – January 28, 2025

Author: PPD Team Date: 28/01/2025 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...

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

Author: PPD Team Date: 28/01/2025 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...

Italy to finalise strategy for nuclear power reintroduction by 2027

Author: PPD Team Date: 28/01/2025 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. ...

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

Author: PPD Team Date: 28/01/2025 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...

Global Project Development Update: January 27, 2025

Author: PPD Team Date: 27/01/2025 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...

Global Contract and Deal Updates – January 27, 2025

Author: PPD Team Date: 27/01/2025 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...

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

Author: PPD Team Date: 24/01/2025 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...

Solar power overtakes coal in EU electricity mix in 2024

Author: PPD Team Date: 24/01/2025 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...

Waaree Solar Americas starts commercial production of solar modules in Texas

Author: PPD Team Date: 24/01/2025 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...

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

Author: PPD Team Date: 24/01/2025 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...

CleanMax secures financing to develop solar projects in UAE

Author: PPD Team Date: 24/01/2025 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...

Trump suspends IRA funding, halting clean energy projects

Author: PPD Team Date: 24/01/2025 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...

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

Author: PPD Team Date: 24/01/2025 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...

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

Author: PPD Team Date: 23/01/2025 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...

Nesma Infrastructure wins contract for Riyadh 380 kV substation

Author: PPD Team Date: 23/01/2025 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...

Trincomalee Power to develop 50 MW solar project in Sri Lanka

Author: PPD Team Date: 23/01/2025 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...

Lhyfe and Masdar to develop green hydrogen projects in Europe

Author: PPD Team Date: 23/01/2025 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...

Recent Posts

Power Sector News Roundup for April 3, 2025

Author: PPD Team Date: 03/04/2025 Global: Shell to exit solar and onshore wind projects in Brazil...

Shell to exit solar and onshore wind projects in Brazil

Author: PPD Team Date: 03/04/2025 Shell has decided to discontinue its solar and onshore wind power...

AMPIN Energy to supply 9.9 MWp solar power to Poly Medicure

Author: PPD Team Date: 03/04/2025 AMPIN Energy Transition has signed a power purchase agreement...

Punjab’s largest solar group captive project to power Swaraj Tractors’ facilities

Author: PPD Team Date: 03/04/2025 Swaraj Tractors has partnered with Mahindra Susten to develop a 26...

Resonia secures Ananthapur-II REZ transmission project; PFCCL sets up SPV for Pune expansion

Author: PPD Team Date: 03/04/2025 Resonia Limited, formerly Sterlite Grid 32 Limited, has won the...

Trident Group commissions 11.02 MWp rooftop solar project in Madhya Pradesh

Author: PPD Team Date: 03/04/2025 Trident Group commissioned an 11.02 MWp rooftop solar power...

KEC International and Transrail Lighting secure Rs 14.76 billion orders

Author: PPD Team Date: 03/04/2025 KEC International Limited has secured new orders worth Rs 12.36...

CEA clarifies energy storage mandate for solar projects

Author: PPD Team Date: 03/04/2025 The Central Electricity Authority (CEA) has confirmed that the...

DRAIPL, Sterling and Wilson, Advait win solar EPC contracts

Author: PPD Team Date: 03/04/2025 Dineshchandra R Agrawal Infracon Private Limited (DRAIPL)...

Regulatory Developments in Renewable Sector: April 3, 2025

Author: PPD Team Date: 03/04/2025   MERC approves TP Solapur Saurya and others’ petition...