Category: News Europe

Cloudberry acquires stake in 132 MW Finnish wind farm 

Cloudberry Clean Energy ASA has signed a share purchase agreement (SPA) with Sampi Renewables Holding AS to acquire a 50 per cent stake in the 132 MW MLK onshore wind farm in Finland. The project has been operational since 2022 and generates approximately 378 GWh annually, with 189 GWh attributable to Cloudberry. The transaction is structured through the acquisition of a Norwegian holding company that owns half of the wind farm.

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Qair secures consent for 1 GW floating offshore wind project in UK

Qair has obtained planning consent from the Highland Council for the onshore infrastructure associated with the Ayre offshore wind farm in UK. The project is located to the east of Orkney and is proposed as a 1,000 MW floating offshore wind development. It will deploy floating turbine technology to utilise wind in deeper waters. Subject to securing the remaining approvals, construction is anticipated to commence around 2030.

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Grenergy secures contracts for 760 MWh BESS in UK

Grenergy has secured capacity contracts for four battery energy storage system (BESS) projects in UK with a combined capacity of 190 MW/760 MWh. The contracts were awarded in the latest auction conducted by NESO, the country’s energy system operator, and will remain in effect for 15 years. The projects include two hybrid projects and two standalone BESS projects, namely Scalm Park, Spring Lane, Buxton Road, and Fibden Farm. 

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Trafigura reaches FID for green hydrogen project in Wales

Trafigura has announced that its wholly owned subsidiary, MorGen Energy, has taken the final investment decision (FID) to begin construction of a 20 MW green hydrogen production facility in Milford Haven, Wales. Construction is scheduled to begin in 2026, with commissioning expected by early 2028. It is expected to produce approximately 2,000 tonnes of low-carbon hydrogen annually.

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EC approves €150 million Romanian energy storage scheme

The European Commission (EC) has approved a €150 million Romanian state aid scheme to support electricity storage deployment, in line with the Clean Industrial Deal. The scheme will support the installation of at least 2,174 MWh of new electricity storage capacity in Romania. Additionally, the support will be provided as investment aid in the form of direct grants for the development of new standalone battery energy storage systems (BESS).

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RGREEN INVEST and Renalfa join forces to develop renewable projects across Europe

RGREEN INVEST, through its INFRAGREEN equity funds, and Renalfa Solarpro Group have entered into an agreement to establish a joint venture (JV) named Renalfa Power Clusters (RPC). The partners have jointly committed €200 million in equity to the JV. The JV company will finance the development and construction of a renewable energy portfolio valued at approximately €800 million.

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TotalEnergies divests 789 MW German BESS portfolio

TotalEnergies has signed an agreement with Allianz Global Investors to sell a 50 per cent stake in a portfolio of 11 battery energy storage system (BESS) projects currently under construction in Germany. The portfolio has a total capacity of 789 MW/1,628 MWh, and represents a combined investment of approximately €500 million. The completion of the transaction remains subject to customary regulatory approvals and closing conditions. 

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Revera closes financing for Windyhill BESS in UK 

Revera Energy has achieved financial close and issued a notice to proceed for the Windyhill battery energy storage system (BESS) in UK. The project has a capacity of 200 MW/400 MWh and is located in Bearsden, around 10 km north-west of Glasgow in Scotland. Construction is set to begin immediately, with commercial operations expected in the first quarter of 2028.

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Power2X acquires hydrogen developer HyCC 

Power2X has acquired HyCC, a Netherlands-based developer of large-scale green hydrogen projects, to strengthen its position in clean molecule development and industrial decarbonisation. HyCC brings a portfolio of hydrogen and clean molecule projects across key industrial hubs in the Netherlands and Germany, including Amsterdam, Delfzijl, and Rotterdam.

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OX2 to invest in Finnish energy storage

OX2 has taken a final investment decision to develop energy storage projects with a combined capacity of 235 MW/470 MWh, in Finland. The projects will be co-located with the Kannisto and Korkeamaa wind power projects, both of which reached investment decisions in December 2025. Construction is scheduled to begin immediately, with commissioning expected in 2028.

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Crédit Agricole finances 385 MWp solar portfolio in France

Crédit Agricole CIB and Crédit Agricole Transitions & Énergies, together with other group banks, have co-arranged a structured financing package worth approximately €400 million for GreenYellow. The funding will support the rollout of a large portfolio of solar projects across France. The financing will enable the development of more than 350 solar plants primarily on parking carports, with a combined installed capacity of around 385 MWp. 

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EIB funds three solar projects in Romania

The European Investment Bank (EIB) has committed approximately €34 million to support the construction and operation of three solar projects in southwestern Romania. The projects will have a combined capacity of 190 MW and are expected to generate enough electricity to supply more than 160,000 households. They will be located in the Olt and Dolj counties in the Oltenia region, near the Danube river and the Bulgarian border. 

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Eiffage bags contracts for Spanish onshore wind projects 

Eiffage, through its subsidiary Eiffage Energía Sistemas, has been awarded two infrastructure contracts in Spain by Capital Energy for onshore wind projects in the Castile and León region. The combined value of the contracts is over €80 million. The projects involve developing electrical infrastructure for wind farms with a total installed capacity of 270 MW. The projects are scheduled to be completed in 2027.

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BELECTRIC bags contracts for 210 MWp solar projects in UK

BELECTRIC, a member of Elevion Group, has secured agreements in UK to develop four solar projects for Severn Trent Green Power.. BELECTRIC will execute the engineering, procurement, and construction (EPC) of these utility-scale solar farms.  The contracts cover a combined installed capacity of nearly 210 MWp Elevion Group, through BELECTRIC, will act as the delivery partner for the projects.

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Alight acquires solar with storage projects in Finland 

Alight has acquired two large-scale solar projects in eastern Finland from Finnish developer 3Flash, adding more than 200 MW of planned solar capacity along with an associated battery energy storage system (BESS). The two projects have planned capacities of approximately 75 MW and 150 MW. Alight and 3Flash will jointly advance the projects until they achieve ready-to-build status.

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ib vogt divests 272 MWp Irish solar portfolio

ib vogt has completed the sale of a 272 MWp solar portfolio in Ireland for a total enterprise value of approximately €230 million. The portfolio comprises three utility-scale projects: Gaskinstown with a capacity of 94.7 MWp in County Meath, Rathnaskilloge with a capacity of 107.7 MWp in County Waterford, and Clonin North with a capacity of 69.4 MWp in County Offaly. The assets were developed by Highfield Solar, an ib vogt’s joint venture. 

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Zelestra bags €130 million equity-bond facility

Zelestra has finalised a syndicated equity-bond facility worth approximately €130 million with Santander, with support from Instituto de Credito Oficial and Compañía Española de Seguros de Crédito a la Exportación. The financing arrangement is structured to align with the company’s Green Financing Framework, and is expected to support around 500 MW of contracted projects located in Italy, Germany, and US.

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Revera Energy secures financing to develop projects across Australia and UK

Revera Energy, an independent energy infrastructure platform backed by Carlyle, has completed the expansion of its credit facility to $150 million. The expanded facility is intended to support the development and construction of  battery energy storage system (BESS), solar, and green hydrogen projects in pipeline across Australia’s National Energy Market (NEM) and UK.

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Neoen begins construction of three solar projects in France

Neoen has initiated construction of three new solar farms in France with a combined capacity of 230 MWp, all scheduled to become operational by 2028. The projects include the Le Couret agrisolar project with a capacity of 147 MWp in the Haute-Vienne department, along with the Isle-sur-Marne solar farm of 48 MWp and the Matignicourt floating solar farm of 35 MWp both located in the La Marne department. 

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RWE and Amazon ink 110 MW PPA for Nordseecluster B project

RWE and Amazon have entered into a power purchase agreement (PPA) for 110 MW of offshore wind capacity from the Nordseecluster B project in Germany. The PPA builds on a strategic framework agreement signed in June 2025, under which RWE supports Amazon’s carbon-free energy objectives, while Amazon Web Services provides cloud services, artificial intelligence, and data analytics for RWE’s digital transformation. 

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