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EWEC initiates bidding for 1,500 MW Zarraf Solar PV project in Abu Dhabi

Author: PPD Team Date: 13/01/2025 Emirates Water and Electricity Company (EWEC) has launched the bidding process for the development of the Zarraf Solar PV independent power producer (IPP) project, aiming to enhance Abu Dhabi’s solar capacity to at...

UKA places 540 MW wind turbine order for projects in Germany

Author: PPD Team Date: 13/01/2025 Umweltgerechte Kraftanlagen (UKA), a German developer of wind and solar parks, has ordered 80 turbines from Nordex Group, totalling a capacity of 540 MW for various wind energy projects across Germany.  The turbines...

Virginia Transformer explores sale valued at over $6 billion

Author: PPD Team Date: 13/01/2025 Virginia Transformer is exploring a potential sale that could value the company at more than $6 billion, according to Bloomberg sources. The company, led by CEO Prabhat K Jain, is one of North America’s largest...

Origis Energy secures $415 million financing for Swift Air Solar project in Texas

Author: PPD Team Date: 13/01/2025 US renewable energy company Origis Energy has secured a $415 million financing package for the Swift Air Solar project in Ector County, Texas.  The package includes $290 million in construction and term debt from...

Port of Açu and Yamna collaborate on green ammonia project

Author: PPD Team Date: 10/01/2025 Port of Açu Operações and Yamna Co Ltd have signed a land reservation agreement to develop a green ammonia project at the Port of Açu’s industrial complex in northeast Rio de Janeiro State. The agreement...

Uniper completes sale of gas-fired plant in Hungary to Veolia

Author: PPD Team Date: 10/01/2025 Uniper has completed the sale of its 428MW Gönyű gas-fired power plant in Hungary to French utility Veolia. The financial terms were not disclosed.  The transaction transferred 100% of Uniper Hungary Energetikai’s...

Toshiba secures equipment order for Indonesia’s Patuha geothermal plant

Author: PPD Team Date: 10/01/2025 Toshiba Energy Systems & Solutions has been awarded a contract to supply a steam turbine and generator for Unit 2 of the Patuha geothermal power plant in West Java, Indonesia.  The order was placed by Toyo...

Apex Clean Energy and NYSERDA make REC agreement for Heritage Wind

Author: PPD Team Date: 10/01/2025 Apex Clean Energy has entered a renewable energy certificate (REC) purchase agreement with the New York State Energy Research and Development Authority (NYSERDA) for the Heritage Wind project. Located in Barre...

LS Power acquires Algonquin’s renewable energy business

Author: PPD Team Date: 10/01/2025 Energy infrastructure company LS Power has acquired Algonquin Power & Utilities’ renewable energy business, adding over 3GW of wind and solar assets across the US and Canada to its portfolio. This expands LS...

Exus acquires Lightsource bp’s 130MWp Cibele solar farm in Portugal

Author: PPD Team Date: 10/01/2025 Exus Renewables has acquired the 130MWp Cibele solar farm in Portugal from Lightsource bp. Located in Rio Maior and Cadaval, the project is ready for construction, which is set to begin in early 2025, with operations...

Estuary Power secures financing for Escape solar project in Nevada

Author: PPD Team Date: 10/01/2025 Estuary Power has closed a $340 million financing package for the Escape solar and storage project in Lincoln County, Nevada. The project will feature 185MW of solar capacity combined with 400MWh of battery energy...

Canadian Solar to supply 2GWh of battery storage for CIP in UK

Author: PPD Team Date: 10/01/2025 Canadian Solar’s e-STORAGE division has signed contracts with Copenhagen Infrastructure Partners (CIP) to deliver 2GWh of battery energy storage for two major projects in Scotland: Coalburn 2 and Devilla.  e-STORAGE...

Poland approves funding for first nuclear power plant

Author: PPD Team Date: 09/01/2025 Poland has approved up to 60.2bn zlotys ($14.7bn) in funding for its first nuclear power plant, pending European Union approval, reported Bloomberg.  On 7 January 2025, the cabinet led by Donald Tusk adopted a draft...

Grenergy secures $324 million for Oasis de Atacama battery project

Author: PPD Team Date: 09/01/2025 Grenergy has obtained $324 million in financing for phase four of its Oasis de Atacama project, named Gabriela. This phase includes 269 MW of solar capacity and 1.1 GWh of storage.  Financing was provided by BNP...

Trina Solar sets new world record for solar module efficiency

Author: PPD Team Date: 08/01/2025 Trina Solar has set a new world record for solar module efficiency, reaching 25.44% with its n-type, fully passivated HJT modules, certified by Fraunhofer CalLab, Reuters reported. Passivation technology improves...

Husk Power to raise $400m for expansion in India, Africa

Author: PPD Team Date: 08/01/2025 Husk Power Systems plans to raise $400 million in debt and equity in 2025 to expand its mini-grid operations across India and Africa. This capital raise, a mix of equity and debt, precedes a planned initial public...

BWXT Technologies to acquire Kinectrics for $525m to expand nuclear services

Author: PPD Team Date: 08/01/2025 US-based BWXT Technologies has agreed to acquire Canadian nuclear services company Kinectrics for $525 million. The acquisition includes Kinectrics’ net pension and debt liabilities, along with estimated transaction...

UK to spend over £1.8 billion on grid management in 2025: Bloomberg

Author: PPD Team Date: 08/01/2025 British consumers are expected to pay over £1.8 billion in 2025 to help manage the power grid, as maintenance and grid limitations restrict the movement of renewable electricity from Scotland to cities in England. ...

Sunfire secures €200m financing to scale electrolysis technology

Author: PPD Team Date: 08/01/2025 German electrolysis manufacturer Sunfire has secured €200 million ($207.6 million) in guaranteed financing to advance its electrolysis technology. The financing is provided by a consortium led by Commerzbank...

Fox Squirrel Solar project reaches full operational status in Ohio

Author: PPD Team Date: 08/01/2025 The 577MW Fox Squirrel Solar project in Madison County, Ohio, has reached full operational status.  Developed by EDF Renewables and co-owned with Enbridge, the facility is one of the largest utility-scale solar...

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...