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AFRY secures FEED contract for 1GW Liivi Bay offshore wind farm

Author: PPD Team Date: 21/01/2025 Enefit Green has selected AFRY to provide front-end engineering design (FEED) services for the 1GW Liivi Bay offshore wind farm in the Gulf of Riga, Estonia. The project aligns with Estonia’s renewable energy...

Plenitude acquires 49% stake in California solar and storage projects

Author: PPD Team Date: 20/01/2025 Plenitude, through its US subsidiary Eni New Energy, has signed an agreement with EDP Renewables North America LLC to acquire a 49% equity stake in two photovoltaic plants and an electricity storage facility under...

Portugal plans 10GW offshore wind cluster in Atlantic Ocean

Author: PPD Team Date: 20/01/2025 Portugal’s government is set to develop a 10GW offshore wind cluster in the Atlantic Ocean as part of its strategy for the country’s first offshore licence auction, scheduled for 2025. The plan, formulated by the...

Pertamina NRE acquires 20% stake in CREC for $115 million

Author: PPD Team Date: 17/01/2025 Pertamina New & Renewable Energy (Pertamina NRE), a subsidiary of an Indonesian State-Owned Enterprise, has signed a share subscription agreement with Citicore Renewable Energy Corporation (CREC).  Pertamina NRE...

Plug Power to supply 3 GW electrolysers for Australia’s green ammonia plant

Author: PPD Team Date: 17/01/2025 Plug Power has signed a purchase agreement with Allied Green Ammonia (AGA) to supply 3 GW of electrolyser capacity for AGA’s green hydrogen-to-ammonia plant in Australia.  The plant will also include a 4.5 GW solar...

bp to sign redevelopment deal for Kirkuk oil and gas fields in Iraq

Author: PPD Team Date: 17/01/2025 UK oil and gas giant bp is set to sign an agreement with the Government of Iraq to redevelop four oil and gas fields in the Kirkuk region of northern Iraq. The deal could be signed by early February, as stated by...

UK announces £410m fusion energy investment for Nottinghamshire project

Author: PPD Team Date: 17/01/2025 The UK government has unveiled a £410 million ($501.1 million) investment to advance fusion energy development. The funding will support the construction of a fusion power plant at the site of a former coal facility...

Nexans secures €1bn LanWin2 project with TenneT for offshore grid

Author: PPD Team Date: 17/01/2025 Cable systems and services provider Nexans has signed a €1 billion ($10.3 billion) agreement with TenneT for the LanWin2 project, part of TenneT’s 2GW offshore grid connection programme in the German North Sea. The...

Masdar to develop 1GW renewable energy projects in Philippines

Author: PPD Team Date: 17/01/2025 Masdar, the United Arab Emirates’ clean energy provider, has entered the Philippines renewables market with agreements to develop 1GW of solar, wind, and battery energy storage systems (BESS) by 2030. The agreements...

LRE and Google sign 700 MWac solar PPAs

Author: PPD Team Date: 17/01/2025 Leeward Renewable Energy (LRE) has revealed plans for renewable energy projects exceeding 700 megawatts alternating current (MWac) in Oklahoma, supported by long-term power purchase agreements (PPAs) with Google. The...

Italy, Albania, and UAE sign €1bn renewable energy cooperation deal

Author: PPD Team Date: 17/01/2025 Italy, Albania, and the UAE have signed a cooperation deal worth at least €1bn ($1.02bn) to establish a subsea interconnection for renewable energy transfer across the Adriatic Sea, Reuters reports. The agreement...

World Bank and AfDB unveil $40bn programme for Africa

Author: PPD Team Date: 17/01/2025 The World Bank and African Development Bank (AfDB) have outlined terms for African countries to secure $40bn in power finance under the Mission 300 programme. This initiative seeks to provide electricity access to...

US Energy Department offers $22.92bn in loans to modernize energy systems

Author: PPD Team Date: 17/01/2025 The US Department of Energy’s Loan Programs Office (LPO) has conditionally approved $22.92bn in financing for eight utilities across 12 states under the Energy Infrastructure Reinvestment (EIR) programme. ...

Dalia Energy secures $1.5bn financing for new Israeli power plant

Author: PPD Team Date: 17/01/2025 Israeli power company Dalia Energy has obtained a finance agreement worth 5.3 billion shekels ($1.5bn) from Bank Hapoalim to construct an 850MW power plant at the Eshkol gas-fired power station site in Ashdod...

Westinghouse, KEPCO, and KHNP settle dispute for global nuclear projects

Author: PPD Team Date: 17/01/2025 Westinghouse Electric Company, the Korea Electric Power Corporation (KEPCO), and Korea Hydro & Nuclear Power Company (KHNP) have reached a global settlement agreement to resolve their longstanding intellectual...

China increases grid investment to support renewable energy surge

Author: PPD Team Date: 17/01/2025 China is significantly increasing its grid investment to ensure efficient delivery of renewable energy to homes and businesses. According to the National Energy Administration, power transmission spending rose 19% to...

Masdar, SOCAR, and ACWA Power partner for offshore wind in Azerbaijan

Author: PPD Team Date: 16/01/2025 Masdar, SOCAR Green, and ACWA Power have signed a memorandum of understanding (MoU) to develop 3.5 GW of offshore wind capacity in the Azerbaijan section of the Caspian Sea. These will be the country’s first offshore...

UAE launches world’s first 24/7 gigascale energy storage project

Author: PPD Team Date: 16/01/2025 The UAE has launched the world’s first large-scale, round-the-clock gigascale energy storage project in Abu Dhabi, combining a 5.2GW solar power plant with a 19GWh battery energy storage system (BESS).  The...

Sizewell C nuclear power station in the UK projected to cost £40bn

Author: PPD Team Date: 16/01/2025 The planned Sizewell C nuclear power station in Suffolk, UK, is expected to cost nearly £40bn ($48.7bn), double the initial £20bn estimate due to rising construction costs and delays at the Hinkley Point C site...

German energy provider Uniper attracts interest from buyers

Author: PPD Team Date: 16/01/2025 The German government’s 99% stake in power company Uniper has attracted interest from potential buyers, including Abu Dhabi’s Taqa and Norway’s Equinor, according to Bloomberg News. Germany is looking to reduce its...

Recent Posts

Power Sector News Roundup for April 4, 2025

Author: PPD Team Date: 04/04/2025 Global: Global coal power additions fall to 20-year low, but fleet...

ACME Solar secures Rs 24.91 billion refinancing for 490 MW projects

Author: PPD Team Date: 04/04/2025 ACME Solar Holdings has secured a long-term refinancing facility...

Global coal power additions fall to 20-year low

Author: PPD Team Date: 04/04/2025 Global coal power additions in 2024 dropped to their lowest level...

Hitachi Energy–BHEL win contract for Adani’s Rajasthan transmission project

Author: PPD Team Date: 04/04/2025 Rajasthan Part I Power Transmission, a subsidiary of Adani Energy...

GE Power wins Rs 382 million order from NTPC for Talcher expansion

Author: PPD Team Date: 04/04/2025 GE Power India Limited has received a contract worth Rs 382...

Senvion India’s 3.1M130 wind turbine enters MNRE’s approved list

Author: PPD Team Date: 04/04/2025 Senvion India has announced that its 3.1M130 wind turbine is now...

L&T completes early delivery of steam generators for Kaiga, wins new transmission contracts

Author: PPD Team Date: 04/04/2025 Larsen & Toubro (L&T), through its Heavy Engineering arm...

Uno Minda and IGL approve investments in solar power projects

Author: PPD Team Date: 04/04/2025 The Board of Directors of Uno Minda Limited has approved an...

SJVN Green completes trial run of 241.77 MW solar capacity in Bikaner

Author: PPD Team Date: 04/04/2025 SJVN Green Energy Limited (SGEL), a subsidiary of SJVN Limited...

NHPC begins operations for 31 MW solar capacity in Bikaner

Author: PPD Team Date: 04/04/2025 NHPC Limited has started commercial operations for 31 MW of solar...