Author: PPD Team Date: 11/12/2024
The Central government has approved the development of a 2,000 MW solar park in Rajasthan, with 30 per cent central financial assistance. The project will be developed by Rajasthan Solar Development Corporation.
Rajasthan currently has an installed renewable energy capacity of 30.31 GW, with solar power contributing 24.55 GW.
Author: PPD Team Date: 23/10/2024 Danish energy company Ørsted has submitted a proposal for the Long Island Wind project to the New York State Energy Research and Development Authority (NYSERDA). The project is designed to generate over 1.4GW of offshore wind energy, supplying renewable power to one million homes in New York, and is expected to begin commercial operations by 2033. Long Island Wind is a key component of Ørsted’s Northeast Hub, supporting the region’s…
Author: PPD Team Date: 23/12/2024 Hanwha Qcells Georgia has secured a $1.45 billion loan guarantee from the US Department of Energy’s Loan Programs Office (LPO) to fund the development of a solar supply chain facility in Cartersville, Georgia. This facility will become the largest ingot and wafer production plant in the US and the first fully integrated silicon-based solar manufacturing plant in over a decade. The plant will produce 3.3GW of solar panels annually, powering…
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, Israel, as reported by Reuters. The non-binding agreement marks a significant milestone for the Avshal plant, which will earn approximately 0.065 shekels per kilowatt-hour for 20 years after operations begin. In 2024, Dalia Energy acquired the Eshkol…
Author: PPD Team Date: 05/12/2024 Centrica, in partnership with EDF, has announced the extension of the operational lives of its four advanced gas-cooled reactor nuclear power stations. Heysham 1 and Hartlepool will now operate until March 2027, while Heysham 2 and Torness will continue until March 2030. These extensions will add 9TWh to Centrica’s electricity generation capacity between 2026 and 2030, supporting the UK’s baseload power generation. The decision follows a comprehensive review to ensure…
Author: PPD Team Date: 11/11/2024 The Energy and Resources Institute (TERI) has unveiled a policy brief, Green Hydrogen – Path to Decarbonization, thoroughly analysing India’s green hydrogen initiatives. India’s targets under the Green Hydrogen Mission include 5 million tons of green hydrogen annually by 2030, potentially increasing to 10 million tons as demand grows. The government has allocated Rs 197.44 billion for this mission, primarily funding the Strategic Interventions for Green Hydrogen Transition (SIGHT) program…
Author: PPD Team Date: 24/01/2025 NHPC Limited and Andhra Pradesh Power Generation Corporation Limited (APGENCO) have formed a joint venture named “APGENCO NHPC Green Energy Limited.” The company was incorporated on January 23, 2025, with an equal equity participation of 50:50. The venture focuses on planning, promoting, and executing Pumped Storage Hydro Power Projects and Renewable Energy Projects, including solar, floating solar, and wind projects. Initially, five projects are planned: Yaganti Pumped Storage Project (PSP)…