Author: PPD Team Date: 13/11/2024
The Government of Rajasthan signed a Memorandum of Understanding (MoU) with RMC Switchgears Limited on November 9, 2024, to set up a 1,000 MW Ultra Mega Solar Park Project (UMSPP) with an integrated Battery Energy Storage System (BESS).
The project is slated for completion by 2026.
Author: PPD Team Date: 04/02/2025 Investment in the global low-carbon energy transition rose 11% in 2024, reaching $2.1 trillion, as reported by BloombergNEF’s Energy Transition Investment Trends 2025. Key drivers of this growth were electrified transport, renewable energy, and power grids, although the pace of growth was slower compared to previous years. Electrified transport saw the largest investment surge, with $757 billion directed toward passenger electric vehicles (EVs), electric two and three-wheelers, commercial EVs, public…
Author: PPD Team Date: 18/02/2025 ArcelorMittal Nippon Steel India Limited (AMNS) has commissioned a 661 MW (925 MWp) solar power project in Kurnool, Andhra Pradesh. The project is part of “Project Trinity,” a 975 MW wind-solar hybrid initiative that includes 661 MW of solar and 314 MW of wind power. It spans 3,500 acres across Alamuru village in Nandyal district and other villages in Kurnool district. The project will be integrated with the pumped hydro…
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 km above Earth. Senior scientist Long Lehao compared the initiative to the Three Gorges Dam in orbit, highlighting its potential to generate yearly energy comparable to Earth’s total recoverable oil reserves. The stations would ensure continuous power collection….
Author: PPD Team Date: 16/09/2024 DTEK plans to establish a series of energy storage systems (ESS) across Ukraine, with a total capacity of 200 MW, aimed at enhancing the nation’s green and secure energy infrastructure. The project will involve a €140 million investment and is expected to be operational by September 2025. These ESS will provide ancillary services to Ukrenergo, the national Transmission System Operator. In August 2024, DTEK won a competitive auction to supply…
Author: PPD Team Date: 12/11/2024 Sunkind has announced securing a 570 MW solar energy project from Maharashtra State Power Generation Company Limited (Mahagenco) under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY 2.0 scheme). The project includes a 569 MW EPC component and a 10.4 MWp ground-mounted solar PV agriculture feeder system at Satmane in Nashik, aimed at enhancing agricultural power distribution in the region. Sunkind’s CEO Hanish Gupta noted that the project will improve agricultural…
Author: PPD Team Date: 22/11/2024 ACCIONA Energía has signed an agreement with Endesa for the sale of 100% of Corporación Acciona Hidráulica, S.L., for €1 billion (enterprise value). The debt-free transaction is expected to generate capital gains of €620 million, with completion anticipated in the first half of 2025, pending antitrust and foreign investment approvals. The portfolio includes 34 hydroelectric plants with a total installed capacity of 626 MW, located across Aragón, Navarra, Soria, and…