Category: Big Moves Europe

Essar Hydrogen secures UK government support for HyNet Project

Essar Energy Transition (EET) Hydrogen is developing UK’s first large-scale, low-carbon hydrogen production hub at its Stanlow site. This hub will generate a total of 1,350 MW of hydrogen capacity, capturing approximately 2.5 million tonnes of carbon annually. The hydrogen hub will be developed in two stages, with the first plant (HPP1) providing 350 MW and the second (HPP2) contributing 1000 MW, aiming for a total capacity of over 4,000 MW by 2030

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Lightsource bp announces 500 MWp solar pipeline in Germany

Lightsource bp plans to develop a pipeline of over 500 MWp in Germany within the next two to three years, targeting projects with a minimum size of 20 MW. To expedite their growth in the German market for utility-scale solar projects, they have entered into a development agreement with Kajoni Energie GmbH. Once construction begins, Lightsource bp will take full ownership of the projects.

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Moldova launches its first onshore wind and solar tender

The Republic of Moldova has launched its first tender for the construction of onshore wind power plants with a capacity of up to 105 MW and photovoltaic power plants with a maximum capacity of 60 MW. The plants will be developed by investors who, upon winning the tender, will gain the status of large eligible producers and receive guarantees for the purchase of the generated energy for 15 years. Interested investors must submit their bids by March 31, 2025, at 23:59 (EET).

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Uzbekistan to export renewable energy to Europe by 2030

The Uzbekistan government plans to start exporting surplus electricity to Europe by 2030, depending on the successful completion of a trilateral transmission project with Kazakhstan and Azerbaijan. The latter project involves constructing a deep-water transmission cable across the Caspian Sea to transmit electricity through Kazakhstan, Azerbaijan, Georgia, and across the Black Sea to Romania, Hungary, and Bulgaria.

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RWE wins 4 GW of capacity in the German offshore wind auction

The German Federal Network Agency announced that RWE has secured the N-9.1 and N-9.2 sites in the North Sea as part of the latest offshore wind auction. These sites, located about 110 – 115 km northwest of the island of Borkum, near the Dutch Exclusive Economic Zone, are each capable of hosting offshore wind farms with a total capacity of 2,000 megawatts. RWE’s winning bid for these sites amounts to €250 million. 

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KGAL ESPF 5 and IMCS join forces to develop BESS in Italy

KGAL ESPF 5, a renewable energy fund has established a joint venture (JV) with IMCS to collaborate on developing battery energy storage systems (BESS) in Italy. There is growing political backing for the developing energy storage system market, as BESS can help offset the rising variability in renewable energy electricity generation. The plan is to develop four battery energy storage systems, with a total capacity of 1,100 MW. The JV offers the opportunity to build the BESS projects at an early stage and sell them when they are at ready-to-build status.

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Plenitude and Ferriera Valsabbia ink 10-year renewable energy deal

Plenitude has announced the signing of a 10-year corporate power purchase agreement with Ferriera Valsabbia for the supply of energy produced 100 per cent from renewable sources. The agreement covers the full output of a 15 MW wind farm owned by Plenitude, located in Sannicandro di Bari, Apulia, Italy. The energy produced from the plant is expected to total more than 350 GWh over the entire period and is anticipated to contribute to meeting the energy needs of Ferriera Valsabbia’s facilities starting in September 2024.

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Equitix expands investment in European offshore wind power

Equitix announced its investment in the Gode Wind 1 offshore wind farm. The wind farm is located 45 km from the coast in the German sector of the North Sea. The offshore wind farm consists of 55 turbines with a combined capacity of 330 MW and is part of a larger development alongside Godes 2 and 3, which will collectively provide 900 MW of renewable energy upon completion. 

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Vestas bags turbine order for 795 MW wind farm in Netherlands

Vestas has secured an order from OranjeWind in the Netherlands to supply 53 V236-15.0 MW wind turbines for the OranjeWind offshore wind project, which is being developed through a 50/50 partnership between RWE and TotalEnergies. The project will feature an installed capacity of 795 MW and a grid connection capacity of 760 MW, with an additional 35 MW to maximize connection efficiency during lower production periods. 

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Pacific Green to enter energy storage market in Poland

Pacific Green Technologies has announced plans to buy a majority stake in two large-scale in-development battery energy storage system (BESS) projects from an international developer in Poland, Europe. Furthermore, the balance of shares in each 50 MW project will be purchased, after certain project milestones are met. The acquisition of two 50MW projects totalling 400 MWh of capacity marks the company’s entry into Poland.

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Skyborn applies for 3 GW offshore wind farm permit in Sweden

Skyborn Sweden has submitted a permit application to the Swedish government and Land and Environment court for the development of the 3,000 MW Polargrund Offshore wind farm. It is located 35 km off the coast, south of Kalix and Haparanda, Polargund Offshore. Upon completion, the wind farm is projected to produce up to 10 TWh green electricity. This will be enough to power over 7 per cent of Sweden’s current electricity consumption.

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Uniper and WAP Energia to develop 600 MW wind power in Poland

Uniper and WAP Energia have formed a development partnership for an onshore wind power portfolio in Poland. The collaboration involves six distinct early-stage onshore wind projects, aiming for a combined capacity of up to 600 MW. Uniper will oversee the development and financial aspects of the projects. The company is committed to investing €8 billion in green growth and transformation from 2023 to 2030.

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GE Vernova bags €700 million turbine order in Spain

GE Vernova has secured a €700 million contract from Copenhagen Infrastructure Partners (CIP) to supply turbines for a 760 MW Teruel wind project in Spain. The project involves the delivery, installation and commissioning of 125 GE Vernova 6.1-158 units for the Maestrazgo cluster of the Teruel wind project. The contract includes a 15-year full-service agreement. CIP projects an investment of €1 billion for the wind farm’s construction.

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Air Liquide issues €500 million green bond

Air Liquide has issued a new €500 million green bond to finance or refinance flagship energy transition and sustainable projects. The projects will particularly focus on low-carbon hydrogen, carbon capture, and low-carbon air gases. Furthermore, the company has raised this bond with a maturity period of 10 years at a yield of 3.466 per cent. The bond is issued under the company’s Euro Medium Term Note (EMTN) programme.

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RWE to build 1.6 GW offshore wind farms in German North Sea

RWE has concluded the final investment decision for the Nordseecluster, which includes a cluster of four offshore wind projects with a total capacity of 1.6 GW. These wind farms will be situated about 50 km north of Juist Island in the North Sea. The Nordseecluster will be executed in two phases – Nordseecluster A and B. Nordseecluster A has a total capacity of 660 MW. Manufacturing of some key components has already started. 

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