Eku Energy has acquired Bluestone Energy’s battery energy storage systems (BESS) portfolio in the UK. The acquisition consists of seven BESS projects with a combined capacity of 1 GW/2 GWh. Some of these projects are a 98 MW/196 MWh project at Leatherhead in Surrey, another 98 MW/196 MWh project in Dorset, and two 240 MW projects, one near the village of Ninfield in East Sussex and another near Rochester in Kent.
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Matrix Renewables, through a partnership with Green BESS Developments (UK) Limited, has entered into the UK market. Through this partnership, the companies will take forward the development of two standalone battery energy systems (BESS) projects in Scotland. The two projects are Eccles and Kilmarnock and will deliver a combined capacity of 1 GW/2 GWh. Grid connection of the projects is expected to take place in 2027.
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HydePoint AS (HydePoint) has inked a MoU with Nel Hydrogen for enabling scalable green hydrogen production in offshore, nearshore, and other harsh environments. This partnership will focus on the integration of Nel’s PEM electrolyser stacks into HydePoint’s modular hydrogen production systems. Furthermore, the collaboration will support the global expansion of renewable energy value chains.
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Egypt and France have inked an agreement to establish an integrated green hydrogen and derivatives production complex, including green ammonia, in the Ras Shukeir region of Egypt. The project will consist of three phases and is expected to draw investments of approximately €7 billion. Furthermore, once operational, the project is expected to generate approximately one million tonnes of green ammonia annually.
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RWE and PPC, through their joint venture Meton Energy S.A., have taken a final investment decision for the construction of two large-scale photovoltaic (PV) projects. These projects will be situated in the Prefecture of Central Macedonia in Northern Greece. These are the Kotyli and Neo Syrakio solar farms with a total capacity of 567 MWp. The construction of these projects is expected to commence in spring 2025 and are expected to be commissioned by 2027.
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Elgin has entered into the Italian renewables market with the opening of its new office in Rome. It has also partnered with Rinascita Holding, under which the two companies are co-developing a 200 MW battery energy storage system (BESS) project in the Umbria region. The project will require an investment of approximately €200 million and will support grid stability and renewable energy integration in central Italy.
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Kona Energy has secured a capacity market contract approximately worth €40 million for the Smeaton project. This is a 228 MW/456 MWh battery energy storage system project (BESS) situated in East Lothian, Scotland. This was achieved after securing planning consent for the site. Furthermore, capacity market agreement was secured in the T-4 auction which is a government-backed mechanism ensuring electricity supply during peak demand.
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TotalEnergies and European Energy have formed a partnership to strengthen cooperation on future renewable energy projects. The two companies have inked a joint declaration to pursue development of offshore wind projects in Denmark. They will also explore cooperation on onshore renewables and low-carbon molecules projects. This will strengthen the long-standing partnership between the two companies which includes two offshore wind projects.
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H2APEX has acquired the green hydrogen project of HH2E situated at the Lubmin site in Germany. H2APEX aims to complete the green hydrogen production facility, which was initially planned by HH2E. Furthermore, with this project, H2APEX has also acquired the land, infrastructure, existing electricity and water supply connections. The Lubmin site provides access to multiple pipelines, which are scheduled to be converted to hydrogen operation by 2027.
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Norges Bank Investment Management (Norges Bank) has acquired a 49 per cent ownership interest in two offshore wind construction projects. These projects are located in Denmark and Germany. The completion of this agreement is expected by the start of the third quarter of 2025. Norges Bank will pay approximately €1,400 million for this ownership interest. The total value of the projects is approximately €2,870 million.
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Renewable Power Capital (RPC) an Europe-based renewable energy company has acquired the Swedish and Finnish portfolio of Njordr AS. This portfolio consists of the onshore wind and solar development business of Njordr AS, which is a subsidiary of Vanir Green Industries. Furthermore, this transaction includes 22 early-stage onshore wind and solar power projects, which have an expected installed capacity of up to 1.9 GW.
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Schroders Greencoat has partnered with Repsol to acquire a 49 per cent stake in Repsol’s renewable energy portfolio. This portfolio consists of eight wind farms with a total capacity of 300 MW and two solar plants with a total capacity of 100 MW. These assets are expected to be operational during the first half of 2025. Furthermore, this renewable energy portfolio is valued at €580 million. The wind farms are situated in the northern Spanish provinces of Huesca, Zaragoza, and Teruel.
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Masdar has inked an agreement to acquire 49.99 percent stake in four solar plants owned by Endesa in Spain. These solar assets have a total capacity of 446 MW. Masdar has invested €184 million for the stake in the assets, which have an enterprise value of €368 million. This agreement will strengthen Masdar’s position in EU and support Spain’s NECP targets and the EU’s Net Zero 2050 goal.
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RWE and TotalEnergies have inked a long-term offtake agreement for the purchase of green hydrogen over 15 years. Under this agreement, TotalEnergies will purchase around 30,000 metric tonnes of green hydrogen per year from RWE for its refinery in Leuna (Saxony-Anhalt). Furthermore, this 30,000 metric tonnes of green hydrogen will be produced by RWE in their 300 MW electrolysis plant in Lingen (GET H2 Nukleus).
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Velto Renewables (Velto) has inked a partnership agreement with Q Energy to acquire a portfolio of large-scale renewable energy projects across Europe. Under this agreement, Velto has acquired a portfolio of solar and wind projects situated in France with a combined capacity of approximately 130 MW. Additionally, the two companies also expect to finalise the transaction of approximately 400 MW in Spain and Portugal in the coming weeks.
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European Energy has inked an agreement to sell wind and solar projects to Energix. These projects have a total capacity of 470 MW and are situated in Lithuania. Out of the total 470 MW, the wind farm has a capacity of approximately 140 MW, and the photovoltaic facility has a capacity of up to 330 MW. The projects are currently in the pre-ready-to-build stage. Additionally, this transaction is expected to be completed later in 2025.
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BOOM Power has secured a co-investment partnership with Topsun, a South Korean investor for the Low Farm Solar Farm. The project is located in the north of Flockton and east of Overton near Wakefield, West Yorkshire England. It is expected to generate up to 49.9 MW of low-carbon electricity for the local distribution network. Furthermore, as an equity holder, BOOM Power will oversee the construction of the Low Farm Solar Farm. Work on the project is scheduled to begin in 2025 and commercial operations will commence in 2026.
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Bluefield Solar Income Fund has completed the refinancing of approximately £300 million as part of its management of 359 MW portfolio of solar PV assets. This solar portfolio is jointly owned with GLIL Infrastructure (GLIL). This refinancing replaces approximately £214 million of existing inflation-linked debt on the solar PV portfolio, with approximately £297 million of fixed-rate debt at an all-in rate of 5.8 per cent. Furthermore, Bluefield Solar has over 25 per cent share in the jointly owned portfolio whereas GLIL owns the remaining share.
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Salzgitter AG has laid the cornerstone for a 100 MW electrolysis plant for green hydrogen in Europe. The plant will generate approximately 9,000 tonnes of green hydrogen annually for the production of carbon-reduced steel from 2026. This also marks the beginning of the industrial use of hydrogen in SALCOS which stands for Salzgitter Low Carbon Steelmaking. This is a programme by Salzgitter aiming for virtually carbon-free steel production. Furthermore, this electrolysis plant will be built on an engineering, procurement, and construction basis by ANDRITZ.
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Enefit Green and Sumitomo Corporation have inked an agreement to partner for the development of the Liivi Bay offshore wind farm in the Gulf of Riga in the Baltic Sea. Under this agreement, Enefit Green will sell 50 per cent stake in Liivi Offshore OÜ to Sumitomo Corporation. Liivi Offshore OÜ is the project company for this offshore wind farm. The wind farm is expected to consist of up to 84 turbines with a maximum total capacity of 1000 MW. Its estimated annual electricity generation could reach up to 4 TWh.
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