Author: PPD Team Date: 06/12/2024
Refex Green Power Limited (RGPL), a subsidiary of Refex Renewables & Infrastructure Limited, has incorporated Refex Solar SPV Five Limited to implement a 100 MW solar power project awarded by NTPC Limited.
Refex Solar SPV Five, wholly owned by RGPL, has been set up with a paid-up equity share capital of Rs 1 million.
The project will operate under a 25-year power purchase agreement with NTPC.
Author: PPD Team Date: 16/01/2025 Vietnam and Russia have signed an agreement to enhance nuclear energy cooperation during Russian Prime Minister Mikhail Mishustin’s visit to Hanoi, as reported by Reuters. The Southeast Asian nation is working to ramp up power production to support its growing industrial sector. The agreement, between Russia’s Rosatom and Vietnam’s state-owned EVN, is part of a broader set of cooperation deals, though details remain undisclosed. Despite ongoing US sanctions on Rosatom’s…
Author: PPD Team Date: 04/11/2024 Norwegian renewable company Hydro Energi has settled its long-term power purchase agreement (PPA) with Swedish wind farm operator Markbygden Ett. Originally signed in 2017, the PPA was intended to supply 1.65 TWh annually from 2021 to 2039, backing the financing of Markbygden’s onshore wind park in northern Sweden, which had a projected output of 2.2 TWh per year. However, due to financial difficulties, Markbygden Ett halted power deliveries to Hydro…
Author: PPD Team Date: 03/01/2025 The Gujarat Electricity Regulatory Commission (GERC) has approved a power purchase agreement (PPA) between Jubilant Infrastructure, a subsidiary of Jubilant Ingrevia, and O2 Renewable Energy III, part of O2 Power, for 9 MW of wind-solar hybrid power at Rs 4.13 per kWh. Jubilant Infrastructure, an SEZ developer with a distribution licence since 2012, faced delays in operations due to low energy demand and an underdeveloped network. In August 2023, it…
Author: PPD Team Date: 30/10/2024 The European Union has allocated up to €36 million to thyssenkrupp nucera’s advanced Solid Oxide Electrolyzer Cell (SOEC) project, supporting the construction of a 300 MW green hydrogen production plant. Utilizing SOEC technology licensed by Fraunhofer IKTS, the project leverages high-temperature electrolysis to produce green hydrogen and synthesis gas with enhanced efficiency and cost advantages for various industrial applications. This funding aligns with the EU’s climate objectives to promote energy…
Author: PPD Team Date: 28/04/2025 THDC India Limited has synchronised the first 250 MW unit of its 1,000 MW pumped storage project (PSP) at Tehri, Uttarakhand, in pump condenser mode. In pump condenser mode, the turbine acts both as a generator and a condenser. It helps generate electricity and also regulates grid stability by absorbing excess energy without producing power, enhancing operational flexibility. The Tehri PSP consists of four reversible pump turbine units of 250…
Author: PPD Team Date: 24/01/2025 British International Investment (BII) has pledged $95 million to support climate action in South-East Asia, including a $70 million top-up commitment to the SUSI Asia Energy Transition Fund (SAETF) and a co-investment commitment to Sustainable Asia Renewable Assets (SARA). SARA, a joint initiative between BII, FMO, and SUSI under SAETF, aims to develop a 500 MW portfolio of greenfield renewable energy projects across select South-East Asian markets by the fund’s…
Author: PPD Team Date: 16/01/2025 Vietnam and Russia have signed an agreement to enhance nuclear energy cooperation during Russian Prime Minister Mikhail Mishustin’s visit to Hanoi, as reported by Reuters. The Southeast Asian nation is working to ramp up power production to support its growing industrial sector. The agreement, between Russia’s Rosatom and Vietnam’s state-owned EVN, is part of a broader set of cooperation deals, though details remain undisclosed. Despite ongoing US sanctions on Rosatom’s…
Author: PPD Team Date: 04/11/2024 Norwegian renewable company Hydro Energi has settled its long-term power purchase agreement (PPA) with Swedish wind farm operator Markbygden Ett. Originally signed in 2017, the PPA was intended to supply 1.65 TWh annually from 2021 to 2039, backing the financing of Markbygden’s onshore wind park in northern Sweden, which had a projected output of 2.2 TWh per year. However, due to financial difficulties, Markbygden Ett halted power deliveries to Hydro…
Author: PPD Team Date: 03/01/2025 The Gujarat Electricity Regulatory Commission (GERC) has approved a power purchase agreement (PPA) between Jubilant Infrastructure, a subsidiary of Jubilant Ingrevia, and O2 Renewable Energy III, part of O2 Power, for 9 MW of wind-solar hybrid power at Rs 4.13 per kWh. Jubilant Infrastructure, an SEZ developer with a distribution licence since 2012, faced delays in operations due to low energy demand and an underdeveloped network. In August 2023, it…
Author: PPD Team Date: 30/10/2024 The European Union has allocated up to €36 million to thyssenkrupp nucera’s advanced Solid Oxide Electrolyzer Cell (SOEC) project, supporting the construction of a 300 MW green hydrogen production plant. Utilizing SOEC technology licensed by Fraunhofer IKTS, the project leverages high-temperature electrolysis to produce green hydrogen and synthesis gas with enhanced efficiency and cost advantages for various industrial applications. This funding aligns with the EU’s climate objectives to promote energy…
Author: PPD Team Date: 28/04/2025 THDC India Limited has synchronised the first 250 MW unit of its 1,000 MW pumped storage project (PSP) at Tehri, Uttarakhand, in pump condenser mode. In pump condenser mode, the turbine acts both as a generator and a condenser. It helps generate electricity and also regulates grid stability by absorbing excess energy without producing power, enhancing operational flexibility. The Tehri PSP consists of four reversible pump turbine units of 250…
Author: PPD Team Date: 24/01/2025 British International Investment (BII) has pledged $95 million to support climate action in South-East Asia, including a $70 million top-up commitment to the SUSI Asia Energy Transition Fund (SAETF) and a co-investment commitment to Sustainable Asia Renewable Assets (SARA). SARA, a joint initiative between BII, FMO, and SUSI under SAETF, aims to develop a 500 MW portfolio of greenfield renewable energy projects across select South-East Asian markets by the fund’s…
Author: PPD Team Date: 16/01/2025 Vietnam and Russia have signed an agreement to enhance nuclear energy cooperation during Russian Prime Minister Mikhail Mishustin’s visit to Hanoi, as reported by Reuters. The Southeast Asian nation is working to ramp up power production to support its growing industrial sector. The agreement, between Russia’s Rosatom and Vietnam’s state-owned EVN, is part of a broader set of cooperation deals, though details remain undisclosed. Despite ongoing US sanctions on Rosatom’s…
Author: PPD Team Date: 04/11/2024 Norwegian renewable company Hydro Energi has settled its long-term power purchase agreement (PPA) with Swedish wind farm operator Markbygden Ett. Originally signed in 2017, the PPA was intended to supply 1.65 TWh annually from 2021 to 2039, backing the financing of Markbygden’s onshore wind park in northern Sweden, which had a projected output of 2.2 TWh per year. However, due to financial difficulties, Markbygden Ett halted power deliveries to Hydro…