Author: PPD Team Date: 06/11/2024
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Ocean Winds submits planning application for 2 GW offshore wind farm
Author: PPD Team Date: 20/11/2024 Ocean Winds (OW) has submitted its first planning consent application for onshore works to Aberdeenshire Council for the 2 GW Caledonia offshore wind project in Scotland. This follows the completion of the project’s environmental impact assessment (EIA), which includes detailed studies of both onshore and offshore infrastructure. The onshore component of the Caledonia project includes a substation and underground cables to transmit power generated by the offshore facility. Aberdeenshire Council…
U.S. added 50 GW of solar capacity in 2024
Author: PPD Team Date: 24/02/2025 The U.S. added nearly 50 GW of new solar generating capacity in 2024, according to the 2025 Sustainable Energy in America Factbook, released by the Business Council for Sustainable Energy and BloombergNEF. The record 49 GW of new solar capacity helped meet rising energy demand and replace decommissioned thermal assets. Of this, 39.6 GW came from utility-scale projects, marking a 31.4 per cent year-over-year increase—the highest since 2017. Rooftop solar…
Greenko’s new pumped storage projects in Assam, MP, Odisha
Author: PPD Team Date: 28/02/2025 Greenko Energies Private Limited has signed a Memorandum of Understanding (MoU) with the Government of Assam to develop a 900 MW pumped storage project (PSP) in Karbi Anglong district. The project will require an estimated investment of Rs 58.5 billion. Separately, Greenko signed an MoU with the Madhya Pradesh government to develop multiple new PSPs in the state. In Odisha, Greenko signed an MoU in January 2025 to develop a…
IndiGrid reports Rs 651 billion bid pipeline, expands BESS portfolio with new projects
Author: PPD Team Date: 28/10/2024 India Grid Trust (IndiGrid) has estimated a bid pipeline worth over Rs 651 billion in the power transmission sector, as disclosed in its Q2 FY25 investor presentation. The pipeline includes interstate transmission system (ISTS) projects with issued requests for proposal (RfP). Additionally, IndiGrid sees an estimated Rs 35 billion opportunity in the battery energy storage system (BESS) market, primarily from projects in Gujarat and Uttar Pradesh. In Q2FY25, IndiGrid announced…
Northleaf Capital exits Mula solar plant in Spain
Author: PPD Team Date: 03/01/2025 Northleaf Capital Partners has sold its majority stake in the 494 megawatts peak (MWp) Mula photovoltaic solar plant in Murcia, Spain, to China Three Gorges Spain, a subsidiary of the China Three Gorges Corporation. The deal, executed with minority partner Qualitas Energy, includes the sale of a 100% equity interest and is part of Northleaf’s value creation plan, yielding significant cash returns to investors. Mula Solar, one of Europe’s largest…
India’s data centre capacity set to double by FY27
Author: PPD Team Date: 24/10/2024 India’s data centre capacity is projected to reach 2,000-2,100 MW by FY27, driven by investments between Rs 500 billion and Rs 550 billion, according to Investment Information and Credit Rating Agency (ICRA). The current capacity is 950 MW, with NTT Global Data Centers, CtrlS Datacenters, STT Global, Sify Technologies, and Nxtra Data controlling 85 per cent of the market as of March 2024. Low data tariffs, affordable smartphones, and technology…