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CIF capital markets mechanism raises $500m with inaugural bond

Author: PPD Team Date: 16/01/2025 The Climate Investment Funds (CIF) capital markets mechanism (CCMM) raised $500m through its debut bond, marking a historic step in mobilising finance for climate action. The bond was six times oversubscribed...

Vietnam and Russia sign nuclear energy deal

Author: PPD Team Date: 16/01/2025 Vietnam and Russia have signed an agreement to enhance nuclear energy cooperation during Russian Prime Minister Mikhail Mishustin’s visit to Hanoi, as reported by Reuters. The Southeast Asian nation is working to...

China announces plan for space-based solar power generation

Author: PPD Team Date: 16/01/2025 China has unveiled plans to develop space-based solar stations, aiming to collect energy unaffected by weather or night cycles. The project involves installing a 1 km-wide solar array in geostationary orbit, 36,000...

Avina Clean Hydrogen completes FEED of ammonia plant in Texas

Author: PPD Team Date: 16/01/2025 Avina Clean Hydrogen (Avina) has completed the Front-End Engineering Design (FEED) and Front-End-Loading (FEL-3) for its 2,200 metric tons per day (MTPD) clean ammonia facility on the Texas Gulf Coast.  The final...

Mirova invests $10 million to fund C&I solar projects in Vietnam

Author: PPD Team Date: 16/01/2025 Mirova, an affiliate of Natixis Investment Managers, has invested $10 million in ecoligo, a global provider of commercial and industrial (C&I) solar solutions.  This investment will fund a portfolio of greenfield...

USD 2 billion Thai Binh LNG power plant to begin construction in 2025

Author: PPD Team Date: 15/01/2025 The USD 2 billion Thai Binh LNG power plant project in northern Vietnam will begin construction in late 2025 after completing its feasibility study by mid-year.  Led by Thai Binh LNG Power JSC, a joint venture of...

Statera Energy acquires 680 MW BESS project in UK

Author: PPD Team Date: 15/01/2025 Statera Energy has acquired a 680 MW battery energy storage system (BESS) project at Trafford Low Carbon Energy Park in Greater Manchester, known as Carrington Storage.  The project is expected to be fully energised...

EDF Renewables begins commercial operations at Huck Finn solar project

Author: PPD Team Date: 15/01/2025 EDF Renewables North America commenced commercial operations at the Huck Finn solar project in December 2024.  Developed for Ameren Missouri, a subsidiary of Ameren Corporation, the project has a 200 MWac / 270 MWdc...

Innergex starts commercial operation of Boswell Springs wind farm

Author: PPD Team Date: 15/01/2025 Innergex Renewable Energy commenced commercial operation of its Boswell Springs wind farm in Albany County, Wyoming, on December 31, 2024.  The 330 MW wind farm supplies clean electricity under a 30-year power...

ENGIE expands Ras Ghareb wind farm in Egypt to 650 MW

Author: PPD Team Date: 15/01/2025 ENGIE has announced an expansion of its wind farm in Ras Ghareb, Egypt, increasing its capacity from 500 MW to 650 MW.  Developed by the Red Sea Wind Energy Consortium—comprising ENGIE, Orascom Construction, Toyota...

KKR and PSP Investments acquire stake in AEP’s transmission assets

Author: PPD Team Date: 15/01/2025 Investment funds managed by KKR and the Public Sector Pension Investment Board (PSP Investments) have agreed to acquire a 19.9% stake in American Electric Power’s (AEP) Ohio and Indiana & Michigan transmission...

DOE closes loan guarantee for Montana Renewables’ biofuels expansion

Author: PPD Team Date: 15/01/2025 The Department of Energy’s (DOE) Loan Programs Office (LPO) has closed a $1.67 billion loan guarantee to Montana Renewables, LLC (MRL), including $1.44 billion in principal and $233 million in capitalized interest. ...

GE Vernova secures order for 14 turbines for wind farms in Japan

Author: PPD Team Date: 14/01/2025 GE Vernova’s Onshore Wind division has secured an order to supply 14 4.2 MW-117m turbines for the Iwaya and Shitsukari wind farms in Aomori, Japan. Developed by Eurus, the projects are expected to begin commercial...

EAAIF commits USD 20 million to CME Solar in Vietnam

Author: PPD Team Date: 14/01/2025 The Emerging Africa & Asia Infrastructure Fund (EAAIF), managed by Ninety One, has committed USD 20 million to CME Solarin Vietnam to develop a pipeline of rooftop solar projects, potentially scaling to over 260...

Deye unveils Micro Hybrid energy storage system

Author: PPD Team Date: 14/01/2025 Solar inverter manufacturer Deye has launched the AE-F(S)2.0-2H2 Micro Hybrid energy storage system (ESS), an all-in-one unit combining an energy storage micro-inverter, battery modules, and a battery management...

GenusPlus secures A$270m contract for Clean Energy Link project in WA

Author: PPD Team Date: 14/01/2025 GenusPlus Group has won a A$270m ($167m) contract from Western Power for the Clean Energy Link – North Region project in Western Australia (WA). This initiative will enhance WA’s electricity network, boosting...

Europe’s wind power growth falls short of 2030 targets

Author: PPD Team Date: 14/01/2025 Europe added 15 GW of new wind energy capacity in 2024, including 13 GW from onshore and 2.3 GW from offshore projects, according to WindEurope. This falls significantly short of the 30 GW annual additions needed to...

Constellation to acquire Calpine for $16.4bn

Author: PPD Team Date: 14/01/2025 Constellation has announced its acquisition of Calpine in a cash and stock transaction valued at $16.4bn, including 50 million Constellation shares, $4.5bn in cash, and the assumption of $12.7bn in net debt.  The...

PPC Renewables orders 100 MW of wind turbines for Greek projects

Author: PPD Team Date: 14/01/2025 PPC Renewables, a subsidiary of PPC Group, has ordered 19 Nordex N149/5.X turbines, totalling 100 MW of capacity, for three wind farms in Greece. These include Rodopi in northern Greece, Livadaki in Phocis, and...

CEB connects 132 kV Wagawatta substation to Sri Lanka’s national grid

Author: PPD Team Date: 13/01/2025 Ceylon Electricity Board (CEB) has connected the newly constructed 132 kV Wagawatta substation to Sri Lanka’s national grid.  The 90 MVA substation, located on a five-acre site provided by the Board of...

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...