Category: Big Moves Europe

Recurrent Energy secures up to €1.3 billion renewables financing

Recurrent Energy secures up to €1.3 billion renewables financing

May 24, 2024 | , , ,

Recurrent Energy has secured a multi-currency revolving credit facility worth up to €1.3 billion from a consortium of ten banks for the development of renewable energy projects across multiple European countries. The agreement will enable Recurrent Energy to advance its solar and battery energy storage projects in Spain, Italy, the United Kingdom, the Netherlands, France, and Germany. Initially, the facility is valued at €674 million and has the potential to expand to approximately €1.3 billion.

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EnBW to start construction on 960 MW German offshore wind farm

EnBW to start construction on 960 MW German offshore wind farm

May 17, 2024 | , ,

EnBW, a German electric company, has started building the 960 MW He Dreiht offshore wind farm in the North Sea. An investment of €2.4 billion is required for the project, which was given to EnBW in 2017. Once completed, it will be Germany’s largest offshore wind farm. The location of the He Dreiht offshore wind farm is around 110 km west of Helgoland and 85 km north-west of Borkum.

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RWE plans to develop green hydrogen project in Scotland

RWE plans to develop green hydrogen project in Scotland

May 16, 2024 | , ,

RWE announced plans to develop a green hydrogen project in Grangemouth, Scotland. Under the terms of the project, RWE will supply the first hydrogen produced to INEOS Grangemouth. Once completed, approved, and operational, the initial capacity is expected to be up to 200 MWe, capable of producing up to 3.6 tonnes of hydrogen per hour, with the possibility of expanding to 600 Mwe later. 

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Sungrow gets 230 MWh BESS order from Nofar Energy

Sungrow gets 230 MWh BESS order from Nofar Energy

May 10, 2024 | , ,

Sungrow has signed supply and service agreements for a new BESS project with Nofar Energy. The project will be developed in Stendal, Saxony-Anhalt, Germany and will feature the PowerTitan2.0, which is a liquid-cooled energy storage system. The project will have a capacity of 116,5MW/230MWh. The system will integrate a 2.5 MW power conversion system and 5 MWh battery into a single 20-ft container.

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Aream and Eiffel to set up 500 MW solar projects in Germany

Aream and Eiffel to set up 500 MW solar projects in Germany

May 7, 2024 | , ,

Aream Group and Eiffel Investment Group, through Eiffel Transition Infrastructure, have collaborated to establish Aream Solar Ventures. This collaboration aims to cultivate a series of photovoltaic (PV) and battery projects in the upcoming years. As per the agreement, Eiffel will primarily finance the joint venture’s future development costs and buy a 49 per cent stake in the portfolio from Aream. Meanwhile, Aream will be responsible for the development activities.

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SSE Renewables buys Derrymeen BESS in Ireland

SSE Renewables buys Derrymeen BESS in Ireland

May 3, 2024 | , ,

SSE Renewables has purchased a fully approved 100 MW / 200 MWh battery storage project near Dungannon, County Tyrone, Northern Ireland, from Heron Energy, a division of Heron Group. Pending a final investment decision by SSE Renewables, the project, ready for construction, will be built on an undeveloped area situated outside Coalisland, roughly five miles away from Dungannon.

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Landinfra and Eiffel announce 1,800 MW renewables projects in Sweden

Landinfra and Eiffel announce 1,800 MW renewables projects in Sweden

April 4, 2024 | , , ,

Landinfra Energy AB and Eiffel Investment Group have finalised a collaboration to develop a pipeline of up to 1,800 MW renewable energy projects in Sweden. These projects encompass solar power, wind power, and energy storage. Under the agreement, Eiffel will acquire a 50 per cent stake in the portfolio from Landinfra, while Landinfra will retain the remaining.

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TotalEnergies launches new battery storage project in Belgium

TotalEnergies launches new battery storage project in Belgium

April 3, 2024 | , ,

TotalEnergies has announced the building of a new battery storage facility in Belgium. The project operations are slated to begin by the end of 2025. The project will be situated at the TotalEnergies depot in Feluy, Belgium, and will have a 75 MWh capacity with a 25 MW power rating. The project announcement comes just a year after we the Antwerp storage project began, which is estimated to be operational by the end of the year.

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RWE completes Norfolk offshore wind zone purchase

RWE completes Norfolk offshore wind zone purchase

March 27, 2024 | , ,

RWE AG, a German energy group, has finalised the purchase of the 4.2 GW Norfolk offshore wind zone portfolio in the UK from Swedish utility Vattenfall AB. The three 1.4 GW fully consented projects in the Norfolk zone are Norfolk Vanguard West, Norfolk Vanguard East, and Norfolk Boreas, all of which are situated off the coast of Norfolk in East Anglia. All of Vattenfall’s team in Norfolk will also join RWE as part of the agreement, which was announced at the end of 2023.

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Orlen and Northland Power launch a new offshore wind company in Poland

Orlen and Northland Power launch a new offshore wind company in Poland

March 13, 2024 | , ,

Energa Wytwarzanie, an Orlen Group affiliate, and Northland Power have launched Baltic Offshore Service Solution, a new firm that will deliver offshore wind services in Poland. The joint partnership will provide a range of services, including technical, operational, commercial, and contractual issues. It will also be responsible for operating the Orlen Group’s 24-hour wind farm management centre, which monitors, coordinates, and controls the company’s offshore assets.

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Netherlands floats a tender for 4 GW offshore wind projects

Netherlands floats a tender for 4 GW offshore wind projects

March 4, 2024 | , ,

The Dutch Ministry of Economic Affairs and Climate, through Netherlands Enterprise Agency, has initiated a 4 GW offshore wind tender which aims to award two permits in early 2024, dividing them between plot Alpha (2 GW) and plot Beta (2 GW). Future plans involve adding another plot, eventually increasing the total capacity to 6 GW. These designated areas are part of the IJmuiden Ver wind farm zone in the North Sea. The deadline for bid submissions is March 28, 2024.

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Masdar acquires 49 per cent stake in 3 GW UK offshore wind project

Masdar acquires 49 per cent stake in 3 GW UK offshore wind project

March 1, 2024 | , ,

Masdar has completed its acquisition of a 49 percent shareholding in RWE’s 3 GW Dogger Bank South project. This is part of a planned £11 billion investment in UK’s renewables sector. It builds on the £10 billion UAE-UK Sovereign Investment Partnership to invest in technology, infrastructure and the energy transition. RWE, which will have a 51 percent stake in the project will be in charge of development, construction and operation of the projects throughout its lifecycle.

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Europe’s new initiatives regarding advanced materials for green transition

Europe’s new initiatives regarding advanced materials for green transition

February 28, 2024 | ,

The Commission has proposed an encompassing strategy to move towards EU industrial leadership in advanced materials, a key enabling technology highly relevant for the twin green and digital transition. The Communication on Advanced Materials for Industrial Leadership puts forward concrete steps enabling to align research and innovation priorities and investments in the EU, ensuring European leadership in this key technology.

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