Enerparc AG has secured bridge financing for a project portfolio consisting of solar PV and hybrid projects, including battery storage (BESS), with an overall capacity of 325 MW. The financing was provided by the Eiffel Investment Group, while Capcora acted as the exclusive financial advisor to Enerparc throughout the process.
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Arevon Energy, Inc., a leading renewable energy developer, owner, and operator, together with Blackstone Credit & Insurance (BXCI), has announced a successful financial close for the 200 MW /800 MWh Condor Energy Storage Project (Condor) currently under construction in Grand Terrace, California.
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The Renewables Infrastructure Group (TRIG) has acquired a 100 per cent equity interest in Fig Power, a UK-based developer focused on battery storage with a 1.7 GW development pipeline, including 400 MW with grid connection offers and a further 1.3 GW of exclusive sites. The expected outlay over the next two years is approximately £20 million.
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Trina Storage has secured a deal to provide battery energy storage systems (BESS) for four UK sites operated by Low Carbon. The systems will deliver approximately 190 MWh of total storage capacity, enhancing arbitrage and ancillary services capabilities. Each project will be able to provide its rated power output continuously for a duration of two hours.
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Cubico Sustainable Investments, a British renewables investor, and Storaltil Srl, an Italian company, have formed a joint venture (JV) to construct more than 1 GW of battery energy storage system (BESS) projects in Italy. According to the statement, the partners will place their wagers on Storaltil’s technical experience in the energy storage segment and Cubico’s proficiency in initiating and expanding projects in Italy
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Alcemi, a developer of battery energy storage systems, has secured planning approval in Scotland for two battery energy storage system (BESS) projects totaling 1.5 GW. Alcemi is implementing the projects as a component of a larger 4 GW energy storage portfolio in the UK. Located in Fife, north of Edinburgh, is the 500 MW and 1,000 MWh Devilla energy storage facility.
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Vallourec and H2V have inked a partnership agreement aimed at enhancing collaboration between the two entities. The goal of this partnership is to facilitate closer cooperation and leverage each other’s technical expertise, market insights, and development capabilities for future projects.
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Grenergy has inked a new hybrid PPA to supply green energy for 15 years to an international utility with an investment-grade credit rating. With this agreement, Grenergy has accumulated contracts worth €2.7 billion. Under this agreement, the company will supply about 8 TWh over 15 years.
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Scale Microgrids has inked a definitive agreement with Gutami to acquire 500 MW of distributed solar and storage projects across multiple states including California and New York. Scale and Gutami have executed an expansion agreement following their existing 100 MW partnership in New York.
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Fluence Energy has exceeded 20 GWh of deployed and contracted storage systems globally. Furthermore, the company has partnered with customers to deploy some of the largest and most complex energy storage systems. The global fleet of the company’s assets has nearly 3 million operating hours to date.
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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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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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A consortium of Mulilo, a South African independent power producer majority owned by CIP through its Growth Markets Fund I (CI GMF I), and EDF has been finalised as preferred bidder for three battery energy storage projects. A total of five projects were awarded under South Africa’s first Battery Energy Storage Procurement Programme by the Department of Mineral Resources and Energy.
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In this report “Carbon Capture and Storage in the United States” developed by the Congressional Budget Office examines the status, federal support, and future potential of carbon capture and storage (CCS). The federal government subsidies the development of CCS technology largely through funding for the Department of Energy
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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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Indonesia’s young power and industrial assets need clean energy alternatives and energy efficiency measures in order for the country to reach its climate target of net zero emissions by 2060. This report aims to inform that Carbon capture, utilisation and storage (CCUS) can be an important technology to help achieve that goal while advancing energy security and employment outcomes. It is set to play diverse roles in supporting Indonesia’s energy transition.
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Gurīn Energy has announced plans to develop, build and operate a battery energy storage system (BESS) in Japan. The planned project is a 500 MW capacity, four-hour BESS that will be able to store up to 2 GWh of electricity, or enough electricity to charge 50,000 electric vehicles. The projected cost of development for the project is $600 million over a six-year period. Construction on the BESS is expected to begin in 2026.
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Chile is actively working towards achieving carbon neutrality by 2050, defined under the Ley Marco de Cambio Climático or Framework Law on Climate Change of 2022. Chile has been taking various steps to strengthen the electricity sector, with an aim to have a more detailed path towards its decarbonisation plans. Timely implementation of these initiatives will help the country maintain a smoother energy transition.
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Octopus Energy’s generation arm announces the launch of a new joint venture (JV) with Nexta Capital Partners to charge up Italy’s battery storage market. The new JV with Milan-based Nexta will develop up to 1.5 GW of commercial-scale battery storage systems across several projects largely in the south of the country.
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Renewable Power Capital (RPC) and Elmya Energy have formed a joint venture (JV) to develop 4 GW of BESS and co-located solar PV assets in the UK. As part of the deal, Elmya Energy has contributed an existing pipeline of over 2.5 GW to the JV. This includes 1.5 GW of transmission-connected projects and 200 MW of distribution-connected projects at a late stage of development, plus 800 MW of earlier stage projects.
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