VNG AG, its subsidiary VNG Handel & Vertrieb GmbH (VNG H&V), and Dutch hydrogen company HyCC are planning to jointly develop a 500 MW electrolyser for green hydrogen production in Lutherstadt Wittenberg, Germany. The green hydrogen will be used to help local industries, including SKW Piesteritz, reduce their carbon dioxide emissions by replacing natural gas.
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Amarenco has secured €500 million in international debt financing from a consortium of lenders, including Intesa Sanpaolo Bank Luxembourg, Rabobank, Santander Corporate & Investment Banking, and Berenberg. The funds will be used to construct solar projects in Spain, Portugal, Ireland, and Austria, as well as to refinance existing debt.
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The European Investment Bank (EIB) and Naturgy have signed a €1 billion loan agreement to fund new solar energy and onshore wind power stations in Spain, as well as to modernise and convert existing facilities into hybrid plants. An initial tranche of €400 million was signed, with the project expected to increase Spain’s renewable energy capacity by 2.3 GW.
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Vestas has secured a 900 MW order from RWE for the Nordseecluster B offshore wind project in Germany. The order includes 60 V236-15.0 MW wind turbines. Vestas will manage supply, delivery, commissioning, and servicing under a five-year agreement followed by long-term operational support agreement.
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ACCIONA has announced plans to construct a 225 MW photovoltaic (PV) plant for Kallpa Generación in La Joya, Arequipa, Peru, covering 549 hectares. The plant will feature 371,040 bifacial solar panels with advanced technology, and the solar farm is expected to generate 611 GWh of electricity annually.
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TotalEnergies has partnered with Air Liquide to produce renewable hydrogen at its La Mède biorefinery in southeast France as part of its plan to decarbonise hydrogen used in its European refineries by 2030. The renewable hydrogen will be used at the biorefinery to produce biodiesel and sustainable aviation fuel (SAF). The production is expected to begin in 2028.
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Securing Energy for Europe (SEFE), Eletrobras, and EnerTech have inked a Joint Study Agreement (JSA) to supply 200,000 tonnes of green hydrogen annually to Germany, starting in 2030. The partnership will establish a green hydrogen production facility in Brazil, integrated with the power grid and utilising electricity sourced from hydropower and other renewable energy options.
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HydrogenPro and J.H.K have announced an exclusive partnership to drive green hydrogen projects across several European countries namely, Germany, Austria, and the Benelux region. As part of this partnership, HydrogenPro will be a supplier of its advanced high-pressure alkaline electrolyser technology, while J.H.K. will serve as the plant integrator and EPC contractor.
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Elcogen has been selected for the European Union’s 2024 Innovation Fund grant in Tallinn, Estonia. The grant, totaling €24.9 million, will support Elcogen’s expansion of its production capacity for solid oxide electrolyser cell (SOEC) and solid oxide fuel cell (SOFC) components in Estonia. This grant will aid in the transition to green energy and the efficient production of green hydrogen.
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Vårgrønn has inked an agreement to acquire a 27.4 per cent stake in the currently operational Baltic 2 offshore wind farm (288 MW) from PGGM Infrastructure Fund. Upon completion of the deal, the Baltic 2 offshore wind farm will be jointly owned by EnBW with a 50.1 per cent stake, Vårgrønn holding 27.4 per cent, and Ärzteversorgung Westfalen-Lippe holding a 22.5 per cent share. EnBW will manage the operations and maintenance of the project.
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Cubico Sustainable Investments has unveiled plans for Scout Moor II, a 100 MW onshore wind project in England. The project is situated adjacent to the existing Scout Moor wind farm between Edenfield, Rawtenstall, and Rochdale in the North West. With planning approval, Scout Moor II could be operational by 2030.
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The European Union has granted funding to thyssenkrupp nucera’s advanced SOEC project, allocating up to €36 million to support the construction of a 300 MW green hydrogen production plant. The project will employ Solid Oxide Electrolyzer Cell (SOEC) technology, licensed by Fraunhofer IKTS
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ORLEN Wind 3, a subsidiary of the ORLEN Group, has successfully closed an acquisition with EDP Renewables Polska for two solar PV farms in the Zielona Góra and Poznań regions and a wind farm in the Łódź Province. This acquisition boosts the Group’s renewable energy generation capacity by over 300 MW. The newly acquired assets are expected to generate up to 400 GWh annually, enough to power nearly 182,000 households.
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Statkraft has been selected to negotiate a grant of up to €107 million for its project, which includes a 200 MW electrolysis plant and a 50 MW heat pump system. This setup has the potential to produce up to 20,000 tonnes of renewable hydrogen and 50,000 MWh of green heat annually. The funding comes from the EU Innovation Fund,.
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Stiesdal Offshore and Copenhagen Infrastructure Partners (CIP), via its Copenhagen Infrastructure V (CI V) fund, have announced a strategic collaboration to position Stiesdal Offshore as a long-term leader in the floating wind sector. As part of this partnership, CI V has acquired a minority stake in Stiesdal Offshore.
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The European Investment Bank (EIB) has signed a €120 million loan with Iberdrola to support the advancement of energy technology research and innovation, accelerating the electrification and decarbonisation of the economy. The total investment linked to these projects is valued at €250 million. This funding will be directed toward the development of renewable energy technologies, including solar photovoltaic, hydro, and wind power, as well as hybrid and agrovoltaic projects.
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Lhyfe has signed a Memorandum of Understanding (MoU) with KEYOU to advance hydrogen mobility in Germany and Europe. Lhyfe is constructing a production plant in Schwäbisch Gmünd, near Stuttgart, Germany, which is expected to be operational by year-end. The facility will produce up to 4 tonnes of green hydrogen daily (with a 10 MW installed capacity). Lhyfe has secured a 15-year corporate PPA with EDP Renewables to ensure a steady supply of renewable electricity.
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Ohmium International signed a term sheet with SwitcH2 BV. As part of this agreement, Ohmium will develop PEM electrolyzer systems for an innovative 300 MW offshore floating green hydrogen and ammonia synthesis project led by SwitcH2. Ohmium will supply 300 MW of PEM electrolyzer solutions, which will be installed on SwitcH2’s 268-metre FPSO vessel.
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European Investment Bank (EIB) and Intesa Sanpaolo have launched a new initiative aimed at unlocking up to €8 billion in investments for the European wind sector. This initiative is part of the EIB’s larger €5 billion wind energy investment plan, which was announced at COP28. Supported by InvestEU, this agreement is the first under the EIB’s wind package and follows a similar collaboration with Deutsche Bank AG.
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OMV Petrom has acquired a 50 per cent stake in Electrocentrale Borzești from RNV Infrastructure. This entity holds renewable energy projects with a combined capacity of around 1,000 MW, consisting of 950 MW in wind power and 50 MW in solar power. The wind farms will be developed, constructed, and operated in partnership with RNV Infrastructure, while the solar project is currently undergoing production tests.
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