Category: Big Moves Europe

Pontegadea takes 49 per cent stake in Repsol’s renewable portfolio

Pontegadea takes 49 per cent stake in Repsol’s renewable portfolio

November 20, 2023 | , ,

Repsol has initiated a new alliance with Pontegadea incorporating it as a partner, with a 49 per cent stake, in a portfolio of 618 MW of renewable assets for €363 million. Furthermore, this portfolio of assets is made up of twelve wind farms located in Huesca, Zaragoza, and Teruel (the region of Aragon), and Valladolid (Castile and Leon), with a total installed capacity of 398 MW, as well as two PV solar plants, located in Albacete (Castile-La Mancha) and Cadiz (Andalusia), with 220 MW.

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SSE’s hydrogen projects receive backing from the UK government

SSE’s hydrogen projects receive backing from the UK government

August 17, 2023 | , ,

The UK Government has chosen two green hydrogen projects being developed by SSE to advance to the last phase of its Net Zero Hydrogen Fund. The fund’s goal is to support the development and implementation of innovative low-carbon hydrogen production in order to lower investment risk and overall costs. The Department for Energy Security and Net Zero will commence negotiations.

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Winners announced for German offshore wind auction of 1.8 GW

Winners announced for German offshore wind auction of 1.8 GW

August 11, 2023 | , ,

RWE Clean Energy, Vattenfall, and Waterkant Energy has emerged as winners of the offshore wind tenders in an auction conducted by Bundesnetzagentur, a German federal network agency. As per the notification, the projects are worth $862.2 million and comprises four wind farms aggregating 1.8 GW in the North Sea of Germany. The federal maritime and hydrographic agency, Bundesamt für Seeschifffahrt und Hydrographie (BSH).

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Fourth round of UK’s CfD secures 11 GW of clean energy

Fourth round of UK’s CfD secures 11 GW of clean energy

July 11, 2022 | , ,

The fourth phase of the UK governments Contracts for Difference (CfD) scheme is perhaps the most successful so far, procuring around 11 GW across a variety of clean technologies. The largest capacity of over 7 GW has been acquired from new offshore wind projects off the coast of Great Britain. For the first time, new technologies such as tidal streams and floating offshore wind projects were successful in the fourth round.

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Enlight to acquire 525 MW of renewable project portfolio in Croatia

Enlight to acquire 525 MW of renewable project portfolio in Croatia

July 7, 2022 | , , ,

A 525 MW portfolio of renewable energy projects in Croatia will be purchased and jointly developed by Israel-based Enlight Renewable Energy for an undisclosed amount. The portfolio of renewable projects consists of a 139 MW wind project and four solar projects with a cumulative capacity of 386 MW. The projects are currently in various stages of development, and it is anticipated that construction work will start at the end of 2023 and run until 2025.

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EnBW acquires 800 MW of solar projects in Germany 

EnBW acquires 800 MW of solar projects in Germany 

June 28, 2022 | , ,

EnBW, a German utility, has agreed to purchase 400 MW of solar projects in Brandenburg from Procon Solar. EnBW has the option to acquire an additional 400 MW of capacity under the terms of the agreement. The contract will be completed in two stages and will involve solar projects at varying stages of development. In July 2022, advanced-stage projects with a capacity of approximately 400 MW will be transferred to EnBW.

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Ireland allocates 414 MW of wind and 1,534 MW of solar projects

Ireland allocates 414 MW of wind and 1,534 MW of solar projects

June 17, 2022 | , , ,

EirGrid, Ireland’s state-owned electricity grid, has announced the final auction results for 1.9 GW of renewable energy capacity under the Renewable Electricity Support Scheme 2 (RESS 2). The auction resulted in the allocation of 414 MW of onshore wind capacity and 1,534 MW of solar capacity. The winning bids had a weighted average price of $101.80 per MWh.

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RPC to acquire 528 MW onshore wind portfolio in Sweden 

RPC to acquire 528 MW onshore wind portfolio in Sweden 

June 1, 2022 | , ,

Renewable Power Capital (RPC), a UK-based energy investment group, has agreed to acquire four ready-to-build onshore wind projects in Sweden with a total capacity of 528 MW. The $856 million deal includes acquisition costs as well as the funds required to build the projects. The four projects, which are in the municipalities of Kramfors and Sollefte in Sweden, are expected to begin exporting power to the country’s national grid in 2025.

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ADNOC and Masdar to join bp’s UK hydrogen projects

ADNOC and Masdar to join bp’s UK hydrogen projects

May 27, 2022 | , ,

ADNOC, a UAE-based energy company, announced its acquisition of a 25 per cent share in bp’s blue hydrogen project, H2 Teesside, during the design stage. Masdar, the Abu Dhabi-based renewable energy company, signed a Mou to acquire a stake in bp’s proposed green hydrogen project, HyGreen Teesside. The project will now be advanced by ADNOC’s first investment in the UK, initially to the next level of design, the pre-FEED stage.

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Iberdrola plans to invest €3 billion in green hydrogen projects

Iberdrola plans to invest €3 billion in green hydrogen projects

May 27, 2022 | , ,

Iberdrola, a Spanish energy company, has committed to invest €3 billion in green hydrogen as part of its initiatives to speed up the European Green Deal. The European Green Deal, first agreed upon in 2020, aims for a 55 per cent reduction in greenhouse gas emissions by 2030 and for Europe to achieve climate neutrality by 2050. At the World Economic Forum in Davos, Switzerland, Iberdrola’s chairman announced the investment plan.

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