Major pumped hydro energy storage project agreements in India, Spain
India and Spain both saw major developments in their respective pumped hydro energy storage (PHES) sectors yesterday (26 September). In Spain, energy giant Iberdrola revealed it is set to develop a 440MW reversible PHES power plant, whilst India’s Government of Maharashtra signed a memorandum of understanding (MoU) with infrastructure company Megha Engineering and Infrastructures Limited (MEIL) to develop 4,000MW of PHES.
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