Latest news with #PPA
Yahoo
6 hours ago
- Business
- Yahoo
HDM Energies and Paragon Bank launch £100m solar finance scheme
HDM Energies has announced a strategic partnership with FTSE 250 lender Paragon Bank, which will unlock up to £100 million in funding to support rooftop solar installations for UK small and medium-sized enterprises (SMEs). The agreement marks what the two companies describe as a first in the UK asset finance sector: a Power Purchase Agreement (PPA) tailored for SMEs. Backed by Paragon Bank, the facility enables businesses to install rooftop solar panels at no upfront cost, while accessing discounted, fixed-rate energy prices over terms of 10 to 25 years. 'This is a major milestone in our journey to 2.5GW of rooftop solar by 2030,' said Dan Rogers, founder of HDM Energies, who described the partnership as adding 'a strong layer of confidence for our customers'. The scheme includes a full site survey, with HDM Energies funding, installing and maintaining the solar system throughout the contract period. Customers pay only for the solar energy they use, at a predictable rate, and can benefit from lower energy costs from day one. Surplus energy not consumed on-site is exported to the National Grid. Rogers said the offering removes the burden of capital expenditure and addresses a market 'underserved by traditional energy providers'. He added that HDM's model was designed to deliver 'real value to businesses nationwide', citing support from installation partners and sister company HDM Solar, which supplies the hardware. Andy Craggs, Head of Green Energy Finance SME Lending at Paragon Bank, said the partnership reflects growing demand for clean energy solutions that offer both environmental and financial returns. 'Finding a way to unlock clean sustainable energy in the SME space is essential for the UK,' he said, adding that HDM's work is already generating 'immediate and tangible cost savings' across a range of sectors including manufacturing, education, and hospitality. The PPA model, both firms argue, signals a shift in asset finance — from transactional lending to long-term, impact-driven partnerships aligned with national net zero goals. "HDM Energies and Paragon Bank launch £100m solar finance scheme" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Time of India
2 days ago
- Business
- Time of India
Nearly 70% of Rajasthan's power capacity comes from renewable energy: Pralhad Joshi
New Delhi: Almost 70 per cent of Rajasthan's power capacity is now sourced from renewable energy, with over 35.4 gigawatts installed, 29.5 gigawatts from solar and 5.2 gigawatts from wind, according to Union Minister for New and Renewable Energy, Pralhad Joshi . The state is now a beacon of hope, energy independence, and self-reliance, said the minister while inaugurating the 435 megawatt Gorbea Solar Power Project , developed by Zelestra India, in Rajasthan. He described the Gorbea project as a shining example of what is possible through visionary leadership and honest intent. "With every megawatt we generate, we are not just producing power, we are building a New India," he remarked, adding that the project reflects the speed and scale of change. The Gorbea Solar Power Project, delivered in under eight months, spans 1,250 acres and is backed by a 25 year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India. It will generate 755 gigawatt hours of clean electricity annually, powering approximately 1.28 lakh homes and reducing nearly 7.05 lakh tonnes of carbon emissions each year. The minister highlighted that the project has turned farmers into partners in India's energy journey, as the land used has been leased from them, offering stable income. "Our farmers are no longer just food providers. They are now energy providers as well," he said. During construction, over 700 local workers were employed, contributing to livelihood generation and skill development. Joshi also noted that the entire evacuation infrastructure, including the on-site substation and a 6.5 kilometre transmission line, was completed in just five months. The project uses advanced solar panels (TOPCon bifacial mono PERC modules) and over 1300 robotic cleaning units to maintain peak performance. Joshi called this a world-class facility and urged broader adoption of such technologies. Referring to his visit to IIT Bombay, the Minister spoke about ongoing work on Perovskite Tandem Solar Cells and encouraged Zelestra and Rajasthan officials to explore pilot projects using this next-generation solar technology. He said such innovations could significantly boost energy yields in high-irradiance states like Rajasthan. Under the PM Surya Ghar Muft Bijli Yojana , over 49,000 rooftop installations have been completed in Rajasthan, with more than Rs 325 crore in subsidies disbursed. He urged faster implementation, given the 2.7 lakh applications already received. Under PM-KUSUM, nearly 1.45 lakh solar pumps have been installed. The minister said that India has already achieved its target of 50 percent installed capacity from non-fossil fuel sources, five years ahead of the 2030 deadline. -IANS na/
GMA Network
4 days ago
- Climate
- GMA Network
Canceled trips on Saturday July 19, 2025
The Philippine Ports Authority (PPA) on Saturday announced the cancellation of trips due to rough sea conditions caused by severe tropical storm Crising. In an advisory, the PPA said the following trips have been canceled as of 8 a.m.: PMO NCR-SOUTH • October Lavender and May Lilies PMP BATANGAS • All fastcrafts going to Puerto Galera are on standby PMO BICOL • MV "Olivia 1" - Port of Pioduran, Albay - Port of Aroroy, Masbate • MV "Cataingan" - Port of Pioduran, Albay - Port of Mobo, Masbate • MOBO Masbate- Pio Duran, Albay and Vice versa PMO PALAWAN • M/V BLESSED SEA JOURNEY • TMO Brooke's Point All Motorboats with 15GT and below • Montenegro: Iloilo City - Cuyo - Puerto Princesa and v.v. • Jomalia: Coron - El Nido - Puerto Princesa and v.v. • Puerto Princesa Port M/V D' ASEAN JOURNEY 17:00H to 1700H on July 20,2025 • Manila to El Nido and Liminagcong, Palawan July 18, 2025 to July 21, 2025 | 6:00AM M/V May Lilies - RORO: Passenger, Vehicle, Cargoes • Manila to Coron, Palawan July 18, 2025 to July 21, 2025 | 7:00AM M/V October Lavender- RORO: Passenger, Vehicle, Cargoes PMO MASBATE • Port of Masbate to Port of Pilar (Fastcraft) • Port of Masbate to Port of Lagundi • Port of Mobo to Port of Pio Duran • Port of Mobo to Port of Claveria • Port of Aroroy to Port of Pio Duran • Port of Aroroy to Port of San Andres, Quezon • Port of San Pascual to Port of Pasacao PMO WESTERN LEYTE/ BILIRAN • LCT Josie Fe-01 ng RLS Shipping Lines (Maasin City to Lipata, Surigao) • MV Annther 8 ng ALD Sea Transport (Padre Burgos to Lipata, Surigao) • MV Oceanjet 88 (Maasin City to Lipata, Surigao) • MB Our Lady of Salvation (Naval to Maripipi) • Cokaliong Shipping Lines Inc./MV Filipinas Surigao Route: Cebu - Maasin vv Cancellation Date/time: July 18, 2025 • Shipping Lines/Vessel: VS Grand Ferries Corporation /MV Seacat One Route: - Hilongos-Cebu vv Cancellation Date/time: Friday day, July 18, 2025 ETA 1000H PMO EASTERN LEYTE/ SAMAR • Port of Liloan Ferry Terminal MV Ma. Vanessa Route : Liloan to Lipata • Homonhon Island, Manicani Island, Suluan Island, Victory Island, Tubabao Island, Guiuan, Eastern Samar PMO BOHOL • Port of Getafe M/V Meme-08 8:00 12:00, and 16:00 • Lite Ferry from Argao Cebu to Loon PMP PANAY/ GUIMARAS • MSLI Roro Lapuz, Iloilo City to Jordan, Guimaras • MSLI Fastcraft Iloilo City to Bacolod City (via Fastcraft Terminal) • Motorbancas Parola Wharf, Iloilo City to Guimaras Island • FF Cruzing Shipping Lines Bay-ang, Ajuy to EB Magalona (temp. suspension only due to strong winds) • RoRo trips Port of Estancia, Iloilo to Tabuelan City, Cebu • MV Ma Cristina Buruanga Port, Aklan to Caluya, Antique • Solex Argo Mindoro-Semirara-Caluya-Libertad, Antique MSLI • IFT to Palawan • Ocean Jet IFT to Bacolod City 2:30pm & 5:30pm trip PMO NEGROS ORIENTAL/ SIQUIJOR • Baseport - MV Evaristo Ferry 8 ETD: 0430H Dumaguete to Dapitan - MV Lite Ferry Twelve ETD: 1900H Dumaguete to Oslob PMO NEGROS OCCIDENTAL BACOLOD BANAGO BREDCO • Baseport Banago Banago to Dumangas , LCT 1038 • TMO- Pulupandan PULUPANDAN TO SIBUNAG, GUIMARAS; 2 trips , vessel MB Miguel MVP •TMO- San Carlos 1. San Carlos City to Toledo City , 1000H , 1530H MV Lite Ferry 11 2. San Carlos City to Toledo City , 1300H & 1800H MV Lite Ferry 2 PMO MISAMIS ORIENTAL/ CAGAYAN DE ORO • All voyages from the Port of Camiguin to Balingoan • Super Shuttle Ferry - Balingoan to Benoni - Benino to Balingoan - Jagna Bohol to Balbagon - Balbagon to Jagna - Liloan to Poro - Poro to Liloan PMO SURIGAO • Starlite Ferries Cebu to Surigao 9pm (July 17) and v.v. 9am (July 18) PMO ZAMBOANGA DEL NORTE • Montenegro 8:00am trip • Starlite 10:00am trip • Cokaliong Shipping 4:00pm trip • Aleson Shipping 10:00pm trip —VAL, GMA Integrated News
CBS News
5 days ago
- CBS News
PPA starts issuing tickets for blocking bike lanes, volunteer group assists in enforcement
Thursday marks one year since Barbara Friedes, a doctor at CHOP, was killed by a drunk driver while riding her bike in the bike lane on Spruce Street. A drunk driver drove into the designated bike lane and killed her. Since her death, there has been change and controversy surrounding bike lane safety in Philadelphia. "I absolutely think it was a turning point. It really woke something up in the city and the general public about what's been going on our streets," Jessie Amadio, a member of Philly Bike Action, said. CBS News Philadelphia investigations found countless cars blocking bike lanes, including by churchgoers on Sunday, who had permits from the city to park there. That permit no longer exists, and a new law cracks down on vehicles blocking bike lanes. Ironically, a memorial known as an "angel bike" in honor of Friedes is chained to a "No Stopping" sign along Spruce Street. Up until a few weeks ago, it was a "No Parking" sign, meaning cars could park there for up to 20 minutes before the Philadelphia Parking Authority could ticket them. "We're really changing the culture of that street because for so many years, you were allowed to pull over in the bike lane and stop for 20-plus minutes and then unload things. That's changed," Rich Lazer, executive director of the PPA, said. Signs were updated in June along the Spruce and Pine streets bike lanes, and after a warning period, the PPA started issuing citations last week. Since July 8, it has issued 59 citations on Spruce Street and 36 on Pine Street for cars blocking the bike lanes. Thanks to Philly Bike Action, a volunteer advocacy group in the city, enforcement has been bolstered even more. "Our goal is not to snitch. Our goal is not to, you know, get people tickets. Our goal is for the city streets to be safer for everybody who moves around them," Ee Durbin, a Technical Lead with Philly Bike Action, told CBS News Philadelphia. Durbin is the brains behind Laser Vision, an online tool that allows people to report violations straight to the PPA in real time. "They've been a great partner in this, and the app's working great, people are using it," Lazer said. Since the app launched last month, the PPA says they've received roughly 2,000 reports. They get about 300 to 500 a week and even though the PPA already had an online form for public reports, Laser Vision makes the process easier. You take a picture of the vehicle in violation and most other information is automatically filled in, like location and vehicle description. Some cyclists say they've come a long way since Dr. Friedes was killed, but still have a long road ahead, as cycling advocates are growing impatient that there still isn't a plan for concrete protection along the Spruce and Pine bike lanes. "It's been 12 months, and the bike lanes are just as unprotected as they were the night that Dr. Friedes died," Amadio said. Concrete infrastructure is supposed to be Phase Two of the Mayor's bike lane safety project. A spokesperson with the city didn't give a timeline for that project. A lawsuit was filed by a neighborhood group looking to block that project, saying it will create congestion and obstruct emergency vehicles.
Borneo Post
6 days ago
- Business
- Borneo Post
OTSM launches RM2 bln polysilicon plant construction in Bintulu, eyes 2029 operations
Abang Johari (centre) and other dignitaries officiate the groundbreaking ceremony for the OTSM plant. SAMALAJU (July 16): OCI Tokuyama Semiconductor Materials Sdn Bhd (OTSM) has officially launched the construction of its RM2 billion semiconductor-grade polysilicon plant at the Samalaju Industrial Park, marking a major milestone in Sarawak's industrialisation push. The facility, spanning 13.7 hectares, will have an annual production capacity of 8,000 metric tonnes of high-purity polysilicon for the semiconductor industry, targeting export markets in South Korea, Japan, and Taiwan. Operations are expected to commence in 2029. Construction is set to begin in the third quarter of this year, with mechanical completion projected for the first quarter of 2027. OTSM is a 50:50 joint venture between South Korea's OCI TerraSus Sdn Bhd, a wholly owned subsidiary of OCI Holdings, and Japan's Tokuyama Corporation. The project is expected to create around 200 high-value jobs, contributing to Sarawak's economic growth and the development of its technical workforce. This marks OCI TerraSus' second major investment in Sarawak, following the launch of its joint venture with Kumho P&B Chemicals – OCI Kumho – to produce epichlorohydrin (ECH), a key component in epoxy resins and water treatment chemicals. During the groundbreaking ceremony, Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg witnessed the signing of a 10-year Power Purchase Agreement (PPA) between OCI TerraSus and Syarikat Sesco Berhad, the operations and retail arm of Sarawak Energy. Under the agreement, the new plant will receive 80 megawatts of power from Sarawak Energy for a 10-year period starting in 2029. OCI Holdings and OCI TerraSus Chairman Lee WooHyun said the joint venture between OCI TerraSus and Tokuyama was especially meaningful, bringing together industrial powerhouses from Korea and Japan in a rare international collaboration. 'It is a powerful reflection of our strong confidence in Sarawak as a strategic investment destination. 'We believe this plant is more than just a physical structure, it is a symbol of what can be achieved when vision, values, and partnerships align. 'It stands as a model for innovation, sustainability, and meaningful local impact,' he said. Lee said the investment also reflects confidence in Sarawak's leadership, stability, and long-term vision under the Post Covid-19 Development Strategy 2030. 'We are confident that our OTSM plant will play a pivotal role in achieving this vision by creating high-quality jobs and transferring global best practices. 'We are grateful to the Sarawak Government and Sarawak Energy Berhad for creating an ecosystem that welcomes responsible industrial growth. 'Their strategic policies and renewable energy infrastructure are key enablers of this international partnership,' he said. He also emphasised the importance of developing a skilled local workforce, highlighting institutions such as Centexs and the Sarawak Skills Development Centre as key partners. 'OCI TerraSus is proud to deepen our roots in Sarawak. This is not just an investment in infrastructure, it is an investment in people, in innovation, and in a shared future built on sustainability and trust,' Lee added. In a recorded message, Tokuyama Corporation President Hiroshi Yokota said the project would further strengthen Sarawak's role in the global semiconductor supply chain. 'With the seasoned technical expertise and experience of OCI and Tokuyama, along with the support of the Sarawak state government, the region's talented workforce, and competitive energy source, we will be able to produce high-quality products consistently,' he said. lead OTSM polysilicon plant Samalaju Semiconductor
