Category: News Europe

Norwegian Hydrogen secures funding from EU Hydrogen Bank and Innovation Norway

Norwegian Hydrogen secures funding from EU Hydrogen Bank and Innovation Norway

May 22, 2025 | , ,

Norwegian Hydrogen has secured funding from the EU Hydrogen Bank and Innovation Norway for its green hydrogen project at Rjukan in Norway. The company has won the EU Hydrogen Bank auction for the green hydrogen project. It will receive up to  €13.2 million from the EU for the project. Furthermore, the green hydrogen project will also receive NOK 50 million in grants and a green growth loan of NOK 50 million from Innovation Norway.

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Ignitis Renewables secures €77.5 million to develop solar projects in Latvia

Ignitis Renewables secures €77.5 million to develop solar projects in Latvia

May 20, 2025 | , ,

Ignitis Renewables has secured a joint loan of €77.5 million from Swedbank Lithuania and Swedbank Latvia. The loan will be utilised to complete the development of Stelpe and Vārme solar farms in Latvia. The banks provided the joint loan in equal amounts. The company is currently developing the 94 MW Vārme solar farm in Kuldīga municipality and the 145 MW Stelpe solar farm in Bauska municipality.

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Elawan Energy secures financing for 23 small hydropower plants in Spain

Elawan Energy secures financing for 23 small hydropower plants in Spain

May 16, 2025 | , ,

Elawan Energy has closed €76 million financing for 23 small hydropower plants in Spain with a combined installed capacity of 175 MW. The €76 million transaction has been structured as a non-recourse project finance deal. Natixis provided the financing and acted as the lead arranger and structuring agent. Furthermore, out of the total installed capacity of 175 MW, 134 MW comes from eight storage-based facilities that use dams or balancing reservoirs.

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Terna and IPTO to develop electricity interconnection between Italy and Greece

Terna and IPTO to develop electricity interconnection between Italy and Greece

May 15, 2025 | ,

Terna, the Italian national grid operator, and IPTO, the Greek Transmission System Operator have inked a memorandum of understanding (MoU) to jointly develop a new electricity interconnection named GRITA 2 between the two countries. It is a three-year agreement which establishes a joint governance framework to oversee project planning and coordination, along with future agreements for managing the procurement of cables and converter stations.

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ENGIE and NHOA Energy to construct 400 MWh BESS in Belgium

ENGIE and NHOA Energy to construct 400 MWh BESS in Belgium

May 15, 2025 | , ,

NHOA Energy and ENGIE have commenced construction on a 400 MWh battery energy storage system (BESS) in Kallo, located in the municipality of Beveren. The project is being executed by NHOA Energy under a supply contract and long-term service agreement with ENGIE. The project stems from ENGIE’s successful participation in the fourth Capacity Remuneration Mechanism (CRM) auction conducted by Elia, Belgium’s transmission system operator.

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clearvise AG invests in agri-PV project in Germany

clearvise AG invests in agri-PV project in Germany

May 14, 2025 | , ,

clearvise AG has announced its investment in the 16.75 MWp Triticum agri-PV project, located in Oberndorf am Lech in Bavaria, Germany. Construction of the plant is scheduled to commence in 2025, with commissioning targeted for early 2026. Once operational, the plant is expected to generate enough electricity to meet the annual consumption needs of approximately 6,400 households. The project has already secured 20-year feed-in tariff.

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Zelestra secures €146.6 million for 237 MWdc solar PV portfolio in Spain

Zelestra secures €146.6 million for 237 MWdc solar PV portfolio in Spain

May 13, 2025 | , ,

Zelestra has reached financial close for a 237 MWdc solar photovoltaic portfolio in Spain comprising six projects that form the Belinchón and Brazatortas clusters. The projects are supported by a contracted revenue framework with 21 power purchase agreements in place. A senior debt package of €146.6 million in green financing has been secured to fund the construction phase.

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UK’s NWF backs Scottish Power for UK grid upgrades

UK’s NWF backs Scottish Power for UK grid upgrades

May 12, 2025 | ,

Iberdrola has secured a GBP 1.35 billion financing package from the UK’s sovereign wealth fund, National Wealth Fund (NWF), and commercial banks to help deliver upgrades to the UK’s transmission grid. It includes a GBP 600 million commitment from the NWF, and forms part of the financing package led by Bank of America as sole debt arranger, and including Bank of America, BankInter, BNP Paribas, Caixabank, Lloyds Bank, NatWest, and Banco Sabadell as lenders.

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Octopus Energy acquires over 2 GW of German solar and storage portfolio 

Octopus Energy acquires over 2 GW of German solar and storage portfolio 

May 7, 2025 | , , ,

Octopus Energy Generation, the renewables investment arm of Octopus Energy Group, has acquired Hamburg-based green energy developer MN projects GmbH, adding a 2 GW pipeline of solar and battery storage projects in Germany to its portfolio. MN projects is currently developing over 70 renewable energy sites across the country, with the first projects ready for construction and more expected to reach that stage over the coming months and years.

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Israel to develop masterplan for national green hydrogen pipeline network

Israel to develop masterplan for national green hydrogen pipeline network

May 7, 2025 | , ,

Israel is set to create a detailed blueprint for a nationwide green hydrogen pipeline system following the National Planning and Building Council’s approval. This initiative is part of broader government efforts to cut emissions and enhance the country’s energy security. The proposed pipeline could span several hundred kilometers, running from northern to southern Israel. It aims to harness excess renewable energy to produce green hydrogen, which would be distributed to industrial zones and support grid stability.

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OMV launches green hydrogen production plant in Austria

OMV launches green hydrogen production plant in Austria

May 1, 2025 | , ,

OMV has unveiled 10 MW green hydrogen production plant at the Schwechat refinery near Vienna, Austria. The facility has the capacity to produce up to 1,500 metric tonnes of green hydrogen annually. The green hydrogen will be used to produce more sustainable fuels and chemicals, including sustainable aviation fuel and renewable diesel. Furthermore, approximately €25 million have been invested in the project

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CIP to divest 50 per cent stake in Coalburn 1 project in Scotland

CIP to divest 50 per cent stake in Coalburn 1 project in Scotland

April 29, 2025 | , ,

AXA IM Alts has signed an agreement to acquire a 50 per cent stake in Coalburn 1 project from Copenhagen Infrastructure Partners (CIP). Coalburn 1 is a 500 MW and two-hour duration lithium-ion BESS facility. The project is located in South Lanarkshire, in southern Scotland. The agreement will take effect upon the site’s commissioning. The project is expected to begin commercial operations in early 2026. 

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Iberdrola and Kansai finalise deal for 315 MW offshore wind farm in the Baltic Sea

Iberdrola and Kansai finalise deal for 315 MW offshore wind farm in the Baltic Sea

April 28, 2025 | , ,

Iberdrola has finalised an agreement with Kansai to jointly invest in the 315 MW Windanker offshore wind farm, located in the Baltic Sea. After receiving all necessary regulatory approvals, Iberdrola will hold a 51 per cent stake in the project. According to the deal, the total valuation of the wind farm stands at approximately €1,280 million. The project is expected to become operational in the last quarter of 2026.

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AEP and IFC join forces for Štip wind farm in North Macedonia

AEP and IFC join forces for Štip wind farm in North Macedonia

April 21, 2025 | , ,

Alcazar Energy Partners (AEP) has inked a development support agreement with the International Finance Corporation (IFC) to advance the development of the Štip wind farm in North Macedonia. Under this agreement, AEP will get access to development assistance funding for Phase I of the Štip wind farm. Phase I of the project is expected to commence construction later in 2025. The total investment in the project is expected to be €500 million.

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EC approves €400 million Spanish aid scheme for renewable hydrogen production 

EC approves €400 million Spanish aid scheme for renewable hydrogen production 

April 17, 2025 | , ,

The European Commission (EC) has approved a €400 million Spanish State aid scheme under EU State aid rules. This scheme will support the production of renewable hydrogen through the European Hydrogen Bank’s Auctions-as-a-Service tool. It will aid in the construction of up to 345 MW of installed electrolyser capacity and the production of up to 2,21,000 tonnes of renewable hydrogen in Spain.

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