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EIB and Naturgy secure €1bn loan for Spain’s renewable energy expansion
The European Investment Bank (EIB) and Naturgy have finalized a €1 billion ($1.05 billion) loan to advance renewable energy projects in Spain. The first tranche of €400 million ($422 million) was signed in Madrid, marking a key milestone in Spain’s energy transition. The funding will support the development of new solar and onshore wind power…
Andhra Pradesh scraps two Adani PSP projects
The Andhra Pradesh government has cancelled two pumped storage power (PSP) projects allotted to Adani Green Energy Limited (AGEL) in Parvathipuram Manyam district. The decision follows AGEL’s request, which cited border disputes with Odisha as a major obstacle to project development. The cancelled projects are the 1,200 MW Kurukutti and 1,000 MW Karrivalasa PSPs. AGEL…
Tata Power acquires Paradeep Transmission for ERES XXXIV Expansion
Paradeep Transmission, a wholly-owned subsidiary of PFC Consulting created to develop the Eastern Region Expansion Scheme-XXXIV (ERES XXXIV), has been transferred to Tata Power Company. The sale and transfer process to Tata Power, the successful bidder, was finalized on 06 November 2024. The sale consideration was determined as per guidelines set by the Ministry of…
Generation | India | NewsNHPC synchronises 250 MW Unit 2 of Subansiri Lower HEP with the national grid
NHPC Limited has achieved test synchronisation of the 250 MW Unit 2 of the 2,000 MW Subansiri Lower Hydroelectric Project with the national grid on 2 December 2025. The company expects the commercial operation date for Unit 2 by this month. The synchronisation marks a key step in the phased commissioning of the eight-unit project….
Engie signs 90 MW PPA with Google for Chillingham solar project in Texas
Engie North America has entered into a power purchase agreement (PPA) with Google to supply renewable energy from its 200 MW Chillingham solar project in Bell County, Texas. This 90 MW PPA will support Google’s 24/7 carbon-free energy goal by powering its Texas operations with clean energy. The agreement, facilitated by LevelTen Energy’s LEAP program,…
Powergrid to raise up to Rs 42.50 billion via 10-year bonds
Power Grid Corporation of India Limited (PGCIL) has approved raising up to Rs 42.50 billion through the private placement of bonds. The funds will be raised under the Powergrid bonds – LXXX (80th Issue), which are unsecured, non-convertible, non-cumulative, redeemable, and taxable. The issue includes a base size of Rs 10 billion and a green…
