Glentra Capital has acquired a majority position in Third Pillar Solar Renewables LLC, a US-based floating solar developer with a pipeline of projects with a capacity ranging from 3 MW to 200 MW. According to the company’s statement, the bet was made as part of its plan to invest in renewable development platforms with strong management teams and a compelling pipeline of projects.
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Ecoener has committed to investing $324 million in the Greek renewables market through its 350 MW portfolio. The company is expanding its portfolio of renewable energy sources through Ecoener Hellas, a subsidiary that was founded in Greece in March 2023. The first administrative licence for the first ten projects Ecoener plans to construct in Greece was recently granted by the government.
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Iberdrola plans to add six BESS stations with a combined capacity of 150 MW to boost Spain’s energy storage capacity. The projects will be spread over Castilla y León, Extremadura, Castilla La Mancha, and Andalusia and will help integrate renewable energy into the national grid. Each of the six batteries will have a 50 MWh storage capacity and a 25 MW power output.
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Recurrent Energy, part of Canadian Solar, has obtained a $500 million investment commitment from BlackRock’s Climate Infrastructure Fund. Recurrent Energy will have 20 per cent of its capital made up of preferred equity investments, which are convertible into common stock. Canadian Solar will hold the remaining capital. Recurrent Energy will be able to construct more projects thanks to BlackRock’s funding, especially in the US and Europ
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Plenitude, an Eni subsidiary, has engaged in a strategic partnership with BlueFloat Energy and Sener Renewable Investments to construct offshore wind projects in Spain. The agreement expands on the joint venture (JV) that Sener Renewable Investments and BlueFloat formed in 2020 to construct 1.25 GW of floating offshore wind projects.
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EDP Renewables North America (EDPR NA) and EDP Renewables Canada (EDPR Canada) have started operations at the 297 MW Sharp Hills wind farm in Sedalia and New Bridgen in Alberta, Canada. The power will be supplied to TC Energy, a Calgary-based company that operates in natural gas, oil, and power. The launch of the Sharp Hills wind farm follows a memorandum of understanding between EDPR NA and the Invest Alberta Corporation. A C$600 million investment was made to build the wind farm.
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WV International Ventures, a subsidiary of Netherlands-based WV International, has announced intentions to build a 900 MW wind farm in Serbia’s Novi Sad region. The Autonomous Province of Vojvodina’s provincial government stated that the Samos wind park will be built in the northern Serbian towns of Alibunar and Kovacica, with work expected to be completed in two stages.
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Qualitas Energy, a Spanish renewables investor, has purchased a 96 MW wind energy project pipeline in Germany. Four wind projects are included in the portfolio: two in the Heidekreis district of North Rhine-Westphalia, one in the Uelzen region of Lower Saxony, and one in the Cologne region. The portfolio has the capacity to generate enough electricity to power 64,000 households.
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OX2 and Ingka Investments have applied to build Neptunus, a 3.1 GW offshore energy hub off Blekinge, Sweden. Located 50 km offshore, the Neptunus offshore wind project will be a major energy hub, with 207 wind turbines reaching heights of 420 m. The project will cover the needs of the Skåne and Blekinge districts by producing 13–15 TWh of power annually.
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Enel Green Power Australia, a subsidiary of Italian energy company Enel, has agreed to acquire QEM’s 1 GW Julia Creek renewables project in Australia. In north-west Queensland, the project is situated next to QEM’s flagship Julia Creek oil shale and vanadium project. It will use a combination of solar and wind energy to produce 1 GW of power
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QEnergy, a European renewable energy developer, has sold a 73.2 MW French renewable energy project portfolio to Italian energy company ERG. The portfolio sold by Q Energy includes two operational solar photovoltaic farms, one in the Gironde area and the other in the Pyrénées Orientales, with a combined installed capacity of 20.4 MWp.
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The Senator for Rhode Island in the US has released a discussion draft of his bill to improve the offshore wind development process in the state. The discussion draft seeks feedback from federal, state and local agencies, as well as industries, developers and surrounding communities.
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Pattern Energy has ordered 2.4 GW turbines from GE Vernova’s onshore wind business for its SunZia wind project in New Mexico, US. Pattern is developing the SunZia Wind project, which has a capacity of over 3.5 GW overall. The wind project will be connected to SunZia Transmission, a 3 GW-capable, 885 km-long, 525 kV HVDC line. The wind project is situated in the New Mexico counties of San Miguel, Lincoln, and Torrance.
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Vattenfall has completed the commissioning of the 168 MW Vesterhav Syd offshore wind project in Denmark. Currently, 170,000 homes are receiving some of their energy needs from the wind farm. Vesterhav Syd’s 20 turbines were installed in July and September of 2023. In November 2023, the project’s first power was fed into the Danish grid.
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Recurrent Energy, a Canadian solar company, has completed the sale of the Mannum battery energy storage system (BESS) project to Epic Energy, an owner and operator of energy infrastructure. Recurrent Energy sold its third energy infrastructure project, the 100MW/200MWh Mannum project, to Epic Energy, located in South Australia.
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GreenIT, a joint venture between Eni subsidiary Plenitude and CDP Equity, has struck an agreement with Galileo to develop eight solar projects across Italy. The projects, which are spread over three regions in the country’s south, centre, and north, will have a combined capacity of 140 MW. The 2023–2027 Industrial Plan, which GreenIT approved in April 2023, outlines the start of the plants’ operating phase.
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Waaree Energies, an Indian energy solutions provider, is planning to build a new solar PV module manufacturing facility in the US state of Texas. The facility will be located in Brookshire and is projected to have an initial capacity of 3 GW per year. The facility is slated to begin operations by the end of 2024.
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Emeren Group, a US renewable energy producer, sold Matrix Renewables two battery energy storage systems (BESS) in Italy with a combined capacity of 293 MW. The transaction is part of the June 2023 DSA Emeren and Matrix agreement for the expansion of the BESS portfolio by 1.5 GW. The two projects are in Apulia and Lazio, respectively.
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Vestas has sold a 656 MW wind portfolio to PLT Energia, an Italian renewable energy producer. Rothschild & Co. acted as the sole financial adviser to Vestas, while L & B acted as its legal advisor in the acquisition process. Reportedly, Bonelli-Erede acted as a legal advisor and Fichtner as a technical advisor for PLT Energia.
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LONGi announced that it has signed a 576 MW sales agreement with Nofar Energy Romania, implementing the latest generation of its high-efficiency modules. The comprehensive agreement encompasses the procurement of the company’s Hi-MO 7 modules. Furthermore, the project is expected to be under construction in 2024 and operational in 2025. In addition to its high efficiency, Hi-MO 7 boasts excellent power generation performance and long-term reliability, significantly reducing the cost of electricity (LCOE) for large-scale projects.
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