Amazon has inked a corporate power purchase agreement (CPPA) with Engie to secure the 473 MW output of the Moray West offshore wind farm in Scotland. The deal is part of the e-commerce giant’s plan to run all of its operations entirely on renewable energy by 2025. The wind farm, which is slated to begin operations in 2024, will provide enough energy to power 650,000 UK households per year.
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China has committed to investing $2.18 billion in Serbia’s mining and energy ministry to support the development of renewable energy projects. On January 26, 2024, Serbian Zijin Copper, a subsidiary of Zijin Mining, and China’s Shanghai Fengling Renewable signed a memorandum of understanding. The agreement outlines plans for a 1.5 GW wind farm, a 500 MW solar plant, and a hydrogen production facility capable of producing 30,000 tonnes per year by 2028.
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Ecoener has committed to investing $324 million in the Greek renewables market through its 350 MW portfolio. The company is expanding its portfolio of renewable energy sources through Ecoener Hellas, a subsidiary that was founded in Greece in March 2023. The first administrative licence for the first ten projects Ecoener plans to construct in Greece was recently granted by the government.
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Iberdrola plans to add six BESS stations with a combined capacity of 150 MW to boost Spain’s energy storage capacity. The projects will be spread over Castilla y León, Extremadura, Castilla La Mancha, and Andalusia and will help integrate renewable energy into the national grid. Each of the six batteries will have a 50 MWh storage capacity and a 25 MW power output.
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Plenitude, an Eni subsidiary, has engaged in a strategic partnership with BlueFloat Energy and Sener Renewable Investments to construct offshore wind projects in Spain. The agreement expands on the joint venture (JV) that Sener Renewable Investments and BlueFloat formed in 2020 to construct 1.25 GW of floating offshore wind projects.
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Iberdrola and the Norwegian sovereign wealth fund, managed by Norges Bank Investment Management have finalised to double their clean energy investment alliance, adding 1,300 MW of additional renewable energy capacity to unlock more than €2 billion joint investment over the next three years.
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WV International Ventures, a subsidiary of Netherlands-based WV International, has announced intentions to build a 900 MW wind farm in Serbia’s Novi Sad region. The Autonomous Province of Vojvodina’s provincial government stated that the Samos wind park will be built in the northern Serbian towns of Alibunar and Kovacica, with work expected to be completed in two stages.
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Qualitas Energy, a Spanish renewables investor, has purchased a 96 MW wind energy project pipeline in Germany. Four wind projects are included in the portfolio: two in the Heidekreis district of North Rhine-Westphalia, one in the Uelzen region of Lower Saxony, and one in the Cologne region. The portfolio has the capacity to generate enough electricity to power 64,000 households.
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QEnergy, a European renewable energy developer, has sold a 73.2 MW French renewable energy project portfolio to Italian energy company ERG. The portfolio sold by Q Energy includes two operational solar photovoltaic farms, one in the Gironde area and the other in the Pyrénées Orientales, with a combined installed capacity of 20.4 MWp.
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Vattenfall has completed the commissioning of the 168 MW Vesterhav Syd offshore wind project in Denmark. Currently, 170,000 homes are receiving some of their energy needs from the wind farm. Vesterhav Syd’s 20 turbines were installed in July and September of 2023. In November 2023, the project’s first power was fed into the Danish grid.
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GreenIT, a joint venture between Eni subsidiary Plenitude and CDP Equity, has struck an agreement with Galileo to develop eight solar projects across Italy. The projects, which are spread over three regions in the country’s south, centre, and north, will have a combined capacity of 140 MW. The 2023–2027 Industrial Plan, which GreenIT approved in April 2023, outlines the start of the plants’ operating phase.
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OMV Petrom will acquire a 50 per cent stake in Electrocentrale Borzesti from RNV Infrastructure. The company holds approximately 1 GW capacity of renewable projects. The project comprises 950 MW wind and 50 MW photovoltaic. The projects will be further developed, built and operated in partnership with RNV Infrastructure.
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Emeren Group, a US renewable energy producer, sold Matrix Renewables two battery energy storage systems (BESS) in Italy with a combined capacity of 293 MW. The transaction is part of the June 2023 DSA Emeren and Matrix agreement for the expansion of the BESS portfolio by 1.5 GW. The two projects are in Apulia and Lazio, respectively.
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Vestas has sold a 656 MW wind portfolio to PLT Energia, an Italian renewable energy producer. Rothschild & Co. acted as the sole financial adviser to Vestas, while L & B acted as its legal advisor in the acquisition process. Reportedly, Bonelli-Erede acted as a legal advisor and Fichtner as a technical advisor for PLT Energia.
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Korkia and BIWO Renewables have joined forces in a partnership to develop a total of 1 GW of photovoltaic (PV) capacity in Italy. The collaboration encompasses greenfield development with a diversified strategy across locations and technologies, including ground-mounted solar PV and agri-PV projects.
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Topsoe has signed a grant agreement with the EU’s Innovation Fund for a total of €94 million in Denmark. The grant is a recognition of the company’s state-of-the art SOEC electrolysis technology and the innovation inherent in building this kind of SOEC factory. The factory will manufacture advanced, energy efficient Solid Oxide Electrolyzer Cells (SOEC).
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Solar Steel has disclosed the signing of an agreement with Naturgy to carry out the supply of over 1.1 GW solar solutions in various provinces of Spain. This portfolio of solar projects encompasses a capacity of over 1.1 GW, consisting of 760 MW of TracSmarT+ 1V solar trackers in both single-row and dual-row configurations, as well as 358 MW of RackSmarT fixed structures.
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Statkraft has decided to buy the Red John Pumped Storage Hydro Scheme from Intelligent Land Investments Group (ILI) in Scotland. Ministers from the Scottish Government gave its approval to the 450 MW project in June 2021. The project was initially proposed in 2015. The project is situated about 14 km south-west of Inverness.
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Octopus Energy’s generation arm announces the launch of a new joint venture (JV) with Nexta Capital Partners to charge up Italy’s battery storage market. The new JV with Milan-based Nexta will develop up to 1.5 GW of commercial-scale battery storage systems across several projects largely in the south of the country.
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Sonnedix has commenced development on a portfolio of five solar PV projects totalling 300 MW. The construction is expected to be finished in early 2025. In addition to avoiding 58,000 metric tonnes of carbon emissions yearly, it will provide about 300,000 MWh of renewable electricity annually, enough to power 85,000 homes in the UK.
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