Author: PPD Team Date: 07/01/2025
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IRFC partners with REMC to finance renewable energy projects
Author: PPD Team Date: 03/01/2025 Indian Railway Finance Corporation (IRFC) has signed a memorandum of understanding (MoU) with the Renewable Energy Management Centre (REMC) to finance renewable energy projects supplying power to Indian Railways. The partnership aims to support renewable energy initiatives and explore financing options for thermal, nuclear, and renewable projects under a captive model. REMC will utilise its expertise to procure cost-effective energy and conduct bids for renewable energy projects aligned with the…
Sheringham Shoal and Dudgeon offshore wind farm extension projects to be developed jointly
Author: PPD Team Date: 19/12/2024 The Sheringham Shoal and Dudgeon offshore wind farm extension projects in Norfolk, UK, will be developed under a joint ownership structure, subject to regulatory approval. This will streamline the development process by combining the two projects into a single legal entity. Development consent for both projects was granted in April 2024 under a unified application, allowing for joint or sequential development approaches. The new ownership structure facilitates cost-effective development, reduces…
Envision Energy partners with Juniper Green for wind and storage projects
Author: PPD Team Date: 13/01/2025 Envision Energy signed an agreement with Juniper Green Energy Private Limited on January 9, 2025, to supply wind turbine generators (WTGs) and battery energy storage systems (BESS) for renewable energy projects across India. Key agreements include: 200 units of EN-182 WTGs: Each with a rated capacity of 5 MW, to be used in Juniper Green’s 1,000 MW wind power projects, won in state and central auctions. 320 MWh BESS system:…
REC signs loan agreement for Pakal Dul Hydro Electric Project
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Nozomi Energy acquires 312 MW solar portfolio in Japan
Author: PPD Team Date: 26/12/2024 Nozomi Energy, a Japanese renewable energy company and an Actis subsidiary, has acquired a portfolio of 12 operational solar projects, totalling 312 MW. These projects, which range from 1 MW to over 60 MW, are backed by Feed-In-Tariff (FIT) contracts that extend at least until 2040, providing stable and predictable cash flows for the company. Nine of the projects are located in Japan’s Kanto region, while the remaining projects are…
European Energy launches large-scale battery storage project in Denmark
Author: PPD Team Date: 22/01/2025 European Energy, in collaboration with Kragerup Estate, has initiated its first large-scale battery storage project in Denmark. The battery, expected to begin test operations in Q1 2025, will support the integration of renewable energy into the power grid. The project will start with an initial capacity of 3.75 MW, with an option to upgrade to 7.5 MW. When fully charged, it can supply electricity to numerous European households for up…