Category: News Europe

Verdant Energy merges with Aura Power 

Verdant Energy and Aura Power Developments Limited have merged to create an independent power producer focused on solar and battery energy storage systems (BESS) in UK. The combined platform brings together Verdant’s operating and under-construction solar and BESS assets with Aura Power’s complementary contracted portfolio. The platform will have around 1 GW of solar and BESS capacity.

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Protium secures approval for Scottish green hydrogen project

Protium has received planning permission from the Highland Council for the 15 MW Cromarty Green Hydrogen Production Facility (CGHPF). The project is located in Alness, Scotland.The project represents the first phase of the Highland Hydrogen Hub. Furthermore, Protium acquired the Cromarty project in May 2026. The project is the only hydrogen project in Scotland to secure support under the UK Government’s Hydrogen Allocation Round 1 through a contract for difference (CfD).

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Utilitas begins construction of 117 MW hybrid project in Latvia

Utilitas Wind has commenced construction of the 117 MW Lode hybrid renewable energy park located in Valmiera municipality, Latvia. The project comprises 18 Vestas wind turbines of 6.5 MW each, delivering a total installed wind capacity of 117 MW. The project will also include a 60 MW/240 MWh battery energy storage system (BESS). The wind farm is expected to generate around 330 GWh of electricity annually.

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Sonnedix secures €730 million financing for clean energy projects in Europe

Sonnedix has secured €730 million in financing for renewable energy projects across France, Italy, Portugal and Spain. The financing will be used for the refinancing, optimisation and construction of the projects across the four countries. The financing covers around 540 MW of solar capacity and two battery energy storage system (BESS) projects.

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Drax completes £548 million acquisition of BSIF in the UK

Drax Group has completed the £548 million acquisition of Bluefield Solar Income Fund Limited (BSIF) in the UK. The transaction adds 900 MW of operating and under-construction solar and wind assets, along with a 2.9 GW gross development pipeline expected to be built over the next decade. Moreover, combined with Drax’s battery energy storage system and other renewable assets, the company’s renewable generation portfolio now exceeds 3 GW of capacity. 

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Nadara closes refinancing for 1.5 GW European renewable energy projects

Nadara has closed approximately €1.2 billion of refinancing for the pan-European platform. The financing covers the operational wind and solar photovoltaic portfolio with a combined installed capacity of 1.5 GW. The refinanced portfolio comprises 34 onshore wind farms and 13 solar PV plants and spans across Italy, the UK, France, Spain, Sweden, Norway and Finland. 

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Rosatom commissions 300 MW wind farm in Russia 

Rosatom’s Novolakskaya Wind Farm situated in the Republic of Dagestan, Russia has started supplying electricity to the unified power grid following the commissioning of its second phase. The Novolakskaya wind farm is Rosatom’s tenth operational wind farm. The new phase comprises 59 wind turbines with a total installed capacity of 147.5 MW. With the completion of the second stage, the wind farm’s total installed capacity has reached 300 MW. 

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Masdar and EPCG partner on renewable energy projects in Montenegro

Masdar and Elektroprivreda Crne Gore (EPCG) have signed agreements to develop 150 MW of solar capacity and explore more than 400 MW of pumped hydro storage in Montenegro. The projects will be developed through a 50/50 joint venture (JV) established following the companies’ JV agreement signed in April 2026. The solar portfolio comprises the 115 MW Štedim project and the 35 MW Krupac project.

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ACCIONA Energía divests 361 MW wind assets in Spain 

ACCIONA Energía has completed the sale of its operational wind asset portfolio in Spain to Galp New Energies. The portfolio has a total installed capacity of 361 MW. The transaction covers 15 wind farms situated across the Spanish provinces of Navarra, Zaragoza, Ciudad Real, Palencia, Guadalajara and Seville.  The assets were sold for an equity value of €432 million, excluding financial debt.

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France selects three hydrogen projects for €778m

The French government has announced Hydrozere, eM-Rhône and FertHySomme as the first three winners of its hydrogen scheme. This 15-year hydrogen production support mechanism is a key component of the National Hydrogen Strategy and aims to promote decarbonized hydrogen production for direct industrial uses. The selection of these three industrial projects amounting to 161.4 MW of electrolysis capacity and worth €778m is the first step towards the national objective of about 1 GW of installed capacity.

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Ocean Winds secures consent for 2 GW Scottish offshore wind project 

Ocean Winds has secured offshore consent from the Scottish Government for its 2 GW Caledonia Offshore Wind Farm. The project forms a part of the Crown Estate Scotland’s ScotWind leasing round. The project comprises the 1 GW Caledonia North and 1 GW Caledonia South wind farms, with up to 140 turbines across a 429 sq km site. Caledonia North will use fixed-bottom foundations, while Caledonia South will combine fixed-bottom and floating foundation technology. 

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Elgin and Erova sign PPAs for UK solar projects 

Elgin has signed three 15-year contracts for difference (CfDs) backed by power purchase agreements with Erova Energy Group. The agreements cover a 112.6 MW portfolio of solar projects in the UK. The portfolio includes the 61.9 MW Thorpe solar project, the 26.2 MW Aston Flamville solar project, and the 24.5 MW Maes Mawr solar project. Additionally, all the three projects secured CfDs in the UK’s Allocation Round 6 auction.

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Eurowind Energy Romania commences construction of 138 MW wind projects 

Eurowind Energy Romania has commenced construction of three wind power projects, following the receipt of setting-up authorisations from the National Energy Regulatory Authority (ANRE). Together, the projects will add 138 MW of renewable energy capacity to the grid. The projects will use 23 Vestas V162-6.2 MW turbines. The projects will also benefit from a 20-year long-term service and maintenance agreement with Vestas.

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Fidra Energy achieves financial close on 1.1 GWh UK BESS project

Fidra Energy has reached financial close on its 500 MW/1.1 GWh West Burton C battery energy storage system (BESS) project located in Nottinghamshire, UK. The project received financing of around £231 million in loan facilities from a consortium of international lenders. The loan facilities consists of a term loan and ancillary facilities. Project construction is expected to commence later in 2026, with commercial operations expected in 2028. 

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GIGA Storage secures financing for 2,800 MWh Belgian BESS 

GIGA Storage has secured financing for the Green Turtle battery energy storage system (BESS) project located in Dilsen-Stokkem, Belgium. The project has an installed capacity of 700 MW/2,800 MWh. A consortium of 10 international banks including ABN AMRO, ING, Rabobank, Triodos Bank, Triodos Investment Management, asr, Belfius, HCOB, Santander, and SMBC is providing €450 million in debt financing for the project.

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METLEN to develop 252 MW Greek hybrid renewable project 

METLEN has acquired a 40 per cent stake in a special purpose vehicle (SPV) owned by Tsakos Group to jointly develop a hybrid renewable energy project in Greece. The project will comprise a 251.9 MW solar photovoltaic plant coupled with a 375 MWh battery energy storage system (BESS). The SPV will oversee the project’s development, construction, operation, energy management, and commercial management.

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