Serbia’s 2025 budget allocates EUR 1 billion for green projects
Author: PPD Team Date: December 12, 2024
Author: PPD Team Date: December 12, 2024
Serbia’s 2025 Budget Law introduces its first Green Budget annex, allocating EUR 1 billion to 64 projects aimed at environmental protection and energy efficiency.
The budget earmarks EUR 528.4 million for railway projects, including the Hungarian-Serbian railway and Belgrade’s urban subway system, designed to reduce CO2 emissions and enhance energy efficiency.
In addition to transportation, the Green Budget focuses on renewable energy projects, including the development of sustainable waste and water management systems, flood protection, and energy-efficient infrastructure.
Author: PPD Team Date: November 22, 2024 AP Renewables Inc. (APRI) and Aboitiz Renewables Inc. (ARI), subsidiaries of Aboitiz Power Corporation, have partnered with Shandong Electric Power Engineering Consulting Institute Co. Ltd. (SDEPCI) for the Bay Battery Energy Storage System (BESS) Project in Barangay Bitin, Bay, Laguna, Philippines. The project will integrate a battery energy storage system with APRI’s Makban geothermal plant, creating the Philippines’ first hybrid geothermal and BESS system. This innovative solution aims…
Author: PPD Team Date: April 22, 2026 Shakti Pumps (India) Limited has infused an additional Rs 10 crore into its wholly owned subsidiary, Shakti EV Mobility Private Limited, through the subscription of 1,00,00,000 equity shares at a face value of Rs 10 each. The transaction was completed on a cash basis. With this tranche, Shakti Pumps’ total investment in Shakti EV Mobility stands at Rs 65 crore. The company stated that the investment aligns with…
Author: PPD Team Date: November 12, 2025 The Adani Group has announced its entry into the Battery Energy Storage Systems (BESS) sector with a 1,126 MW / 3,530 MWh project at Khavda, Gujarat. The facility, comprising more than 700 BESS containers, will be India’s largest energy storage installation and among the largest single-location deployments globally. Commissioning is scheduled for March 2026. The project will enhance grid stability, enable round-the-clock renewable power, and reduce transmission congestion…
Author: PPD Team Date: July 4, 2025 KSB Limited has won a contract from Larsen & Toubro Limited (L&T) for supplying 15 sets of main boiler feed pumps along with booster pumps, motors, and accessories. The order, awarded on June 30, 2025, covers two major thermal power projects — Gadarwara Super Thermal Power Project Stage II and Nabinagar Thermal Power Project Stage II. For the Gadarwara project, Stage I comprised two 800 MW coal-based units….
Author: PPD Team Date: January 29, 2026 Exide Industries Limited has infused an additional Rs 50 crore into its wholly owned subsidiary, Exide Energy Solutions Limited (EESL). The investment, completed on January 28, 2026, takes Exide’s total exposure in the lithium ion battery business to Rs. 4,252.23 crore. The company invested in a rights issue, subscribing to 1.25 million equity shares at a premium of Rs 30 per share. Following the allotment, Exide Industries Limited…
Author: PPD Team Date: October 23, 2024 The US Department of Energy (DOE) has announced nearly $2 billion in funding for 38 projects under the Grid Resilience and Innovation Partnerships (GRIP) program. The initiative aims to upgrade transmission and distribution infrastructure, introducing advanced technologies to support over 7.5 GW of grid capacity. These efforts are expected to accelerate the integration of clean energy projects, create around 6,000 jobs, and leverage over $4.2 billion in public…