Spain to build largest pumped storage hydro power plant in Europe
Author: PPD Team Date: December 6, 2024
Author: PPD Team Date: December 6, 2024
Spain is set to become a leader in renewable energy with the construction of the continent’s largest pumped storage power plant.
Managed by Iberdrola, the Conso II project will be located in Ourense, Galicia, and will involve an investment of over 1.5 billion euros.
The Conso II facility will feature an innovative design that connects two reservoirs using the region’s natural slope, allowing for efficient electricity generation.
With a capacity of 1,800 MW and the ability to store up to 58 million kWh, the plant can meet the daily energy needs of 10 million users. It will use surplus solar energy to pump water, ensuring the process is entirely clean and renewable.
Construction of the plant is set to begin in 2025 and is expected to create around 3,000 jobs over six years.
The Conso II plant will feature an underground design to reduce visual and ecological impact, while also utilizing existing infrastructures such as the Bao and Cenza reservoirs.
Author: PPD Team Date: September 9, 2025 Infrastructure EPC company Ceigall India Ltd has announced its entry into the renewable energy sector after receiving two Letters of Intent (LOIs) from Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) for 337 megawatts (MW) of solar capacity. The projects fall under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 scheme and will involve setting up grid-connected solar power plants at multiple locations in Maharashtra. The capacity was awarded through…
Author: PPD Team Date: April 1, 2025 Indian Renewable Energy Development Agency Limited (IREDA) has secured a loan facility worth approximately $172 million from the State Bank of India (SBI) Tokyo. The loan includes a greenshoe option of around $66.2 million through external commercial borrowings. Structured as a five-year unsecured facility with a bullet repayment at maturity, the loan is expected to have a landed cost below 7 percent after hedging. IREDA plans to use…
Author: PPD Team Date: May 1, 2025 The Madhya Pradesh cabinet has approved a 2,000 MW solar park and a 1,000 MW energy storage project to enable seasonal power sharing with Uttar Pradesh. Electricity will be supplied to Madhya Pradesh during its Rabi season (October–March) and to Uttar Pradesh during the Kharif season (April–September), aligning with each state’s peak agricultural demand. Madhya Pradesh’s farm electricity needs account for 41% of its total consumption, peaking during…
Author: PPD Team Date: May 1, 2025 Avaada Group has signed a memorandum of understanding (MoU) with the Water Resources Department of Maharashtra to develop two pumped storage hydro projects (PSHPs) with a combined capacity of 3,650 MW. The projects include the 2,400 MW Pawana Falyan pumped storage project and the 1,200 MW Sirsala project. Together, they are expected to attract investment worth Rs 151 billion and create over 3,800 direct jobs in the region….
Author: PPD Team Date: February 11, 2026 NLC India Limited reported its highest-ever revenue and profit for the nine-month period ended December 2025, supported by improved financial performance and progress across thermal power, mining, and renewable energy operations. On a standalone basis, revenue from operations stood at Rs 7,945.59 crore, a year-on-year increase of 5.06%. Profit after tax rose 3.04% to Rs 1,281.59 crore. On a consolidated basis, group revenue reached an all-time high of…
Author: PPD Team Date: November 12, 2025 JSW Energy has commissioned India’s largest green hydrogen manufacturing plant, marking its entry into commercial-scale hydrogen production. The facility, located next to the JSW Steel plant in Vijayanagar, Karnataka, has been developed under Tranche I of the Production Linked Incentive (PLI) scheme. The plant will supply green hydrogen directly to JSW Steel’s direct reduced iron (DRI) unit, enabling low-carbon steel production. Under a seven-year offtake agreement, JSW Energy…