Author: PPD Team Date: 21/10/2024
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Hitachi Energy invests $47m to expand high-voltage factory in Brno
Author: PPD Team Date: 05/12/2024 Hitachi Energy is investing over CZK1.1bn ($47m) to expand its High Voltage Products factory in Brno, Czech Republic. This expansion, expected to be completed by the end of 2025, aims to increase the factory’s production capacity by over 40% and create up to 200 new jobs. The Brno facility, operational since 2007, manufactures critical components for gas-insulated switchgear, which are essential for electricity transmission and distribution. These products play a…
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India’s renewable energy capacity to grow at double the rate of overall energy capacity by 2030: CRISIL
Author: PPD Team Date: 18/10/2024 According to a report by CRISIL, India’s renewable energy (RE) capacity, excluding large hydro projects, is expected to grow at a compound annual growth rate (CAGR) of 16.5%-17%, reaching 360-370 GW by fiscal 2030. This growth rate is double that of the country’s overall power capacity, which is projected to grow by 7.5%-8%, increasing from 442 GW in March 2024. India’s renewable energy capacity, including large hydro projects, stood at…
EDF commissions South Africa’s first IPP-developed main transmission substation
Author: PPD Team Date: 21/04/2025 EDF Renewables, a subsidiary of the French Électricité de France (EDF) Group, has commissioned the 400/132 kV Koruson main transmission substation (MTS) near Noupoort in South Africa’s Northern Cape. This is the first major transmission substation in the country to be developed entirely by an independent power producer (IPP). The MTS connects 1.5 GW of renewable energy to the national grid and forms part of the Koruson 1 cluster, developed…
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Author: PPD Team Date: 11/11/2024 Tongyeong Eco Power’s combined-cycle power plant has commenced commercial operations in Gyeongsangnam-do, South Korea, with a capacity exceeding 1GW, supplying electricity to nearly one million households. The liquefied natural gas (LNG)-fueled plant aligns with South Korea’s strategy to transition from coal to LNG and includes a 200,000 cubic meter LNG storage tank. GE Vernova has provided critical components for the plant, including two 7HA.02 gas turbines, one STF-D600 steam turbine,…
Rajasthan Power Grid Transmission Company formed as JV between PGCIL and RVPN
Author: PPD Team Date: 31/12/2024 Rajasthan Power Grid Transmission Company Limited (RPTCL) has been incorporated as a joint venture between Power Grid Corporation of India Limited (POWERGRID) and Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPN). The venture is structured with a 74% equity stake held by POWERGRID and a 26% share by RVPN. The objective of RPTCL is to develop the Intra State Transmission System within the state of Rajasthan, enhancing its power infrastructure. In…
Hitachi Energy invests $47m to expand high-voltage factory in Brno
Author: PPD Team Date: 05/12/2024 Hitachi Energy is investing over CZK1.1bn ($47m) to expand its High Voltage Products factory in Brno, Czech Republic. This expansion, expected to be completed by the end of 2025, aims to increase the factory’s production capacity by over 40% and create up to 200 new jobs. The Brno facility, operational since 2007, manufactures critical components for gas-insulated switchgear, which are essential for electricity transmission and distribution. These products play a…
Oben Electric raises $5.82 million in Series A funding
Author: PPD Team Date: 08/01/2025 Oben Electric has secured $5.82 million in its Series A funding round, with contributions from Ambis Holding US, Kuberan Ventures, Karimjee Group, Mission Vertical’s US-based venture capital entity, and several family offices. The funds will be used to expand its distribution network and Oben Care services to over 100 showrooms across 50 cities in India by FY 2026, as well as to enhance its product portfolio. The Bengaluru-based electric bike…