SSE and Bord na Móna have formed a joint venture, splitting ownership equally, to deliver up to 800 MW of new renewable onshore wind energy in Ireland. Over €1 billion could be invested over the next ten years in developing multiple wind projects across the Midlands
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Korys has increased its ownership in Virya Energy to 70 per cent by acquiring an additional 30 per cent from the Colruyt Group, amounting to approximately €600 million in equity value. With this stake, Korys aims to support Virya Energy in advancing its growth plans
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Renewable Power Capital (RPC), a pan-European renewables developer located in the UK, and Altea Green Power have partnered to build 1 GW of battery energy storage in Italy. With this partnership, RPC’s European storage pipeline—which currently has more than 5.5 GW—additionally gains a new jurisdiction.
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Ventyr, a consortium consisting of Parkwind and Ingka Investments, the investment arm of Ingka Group has won the Norwegian auction for the development of the Sørlige Nordsjø II phase 1 area in the Southern Norwegian North Sea.
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Recurrent Energy, a subsidiary of Canadian Solar Inc has acquired a solar PV portfolio in the south of Spain with a capacity of more than 420 MWp. The recently acquired portfolio is located in Carmona, a municipality in Seville (Andalusia) and consists of a cluster of four projects, Rey I, II, III and IV, with an aggregate capacity of more than 420 MWp.
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The European Investment Bank (EIB) has granted a green loan worth €700 million to Iberdrola. The loan is granted to expand the electricity distribution network in Spain. EIB Director General for EU Operations and Iberdrola Chief Finance, Control and Corporate Development Officer inked the loan’s first €500 million tranche in Madrid.
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Korkia, a Finnish renewables investor, has teamed with Romania-based Econous Green Energy to build 600 MW of solar energy capacity in Romania. By 2025, the partnership’s first projects are expected to be licenced and ready for construction. A 600 MW photovoltaic system generates 780,000 megawatt-hours of power.
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Masdar, a renewable energy company based in the United Arab Emirates, has secured €488 million in funding for its 49 percent ownership in Germany’s Baltic Eagle offshore wind farm. It will be situated 30 km northeast of Rügen Island and will have the advantage of an initial 20 years
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Octopus Energy’s generation arm has purchased a 50 per cent share of the German renewable energy company Lintas Green Energy. Reportedly, the move broadens the company’s national reach and accelerates the expansion of the Oldenburg-based green energy provider.
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Emeren Group Ltd has signed a collaborative development contract with Nuveen’s Glennmont Partners for 155 MW (up to 1.24 GWh of capacity) of battery storage projects in two Southern Italian regions.
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RWE AG, a German energy group, has begun building a portfolio of seven solar projects totaling 330 MW in the UK, along with energy storage capacity. JBM Solar, a British solar developer that RWE acquired in 2023, has these initiatives in the works as part of its goal to rank among the country’s leading solar developers.
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Encavis AG has inked two non-recourse project refinancing agreements for a total amount of €203 million for its operating solar plants Talayuela and La Cabrera in Spain. Both refinancing transactions have been structured, arranged, and managed by ENCAVIS’ inhouse Project Finance team.
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Hive Energy, a global renewable energy developer, has completed the acquisition of four early-stage solar projects from the Polish developer T&T Proenergy. The cumulative capacity of the four sites will be 272 MW. The projects will be co-developed to the ready-to-build status.
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Iberdrola has signed an agreement with IB Vogt for the construction of a 245 MW photovoltaic project in Sicily, to which a further 60 MW could be added, bringing the total to 305 MW. In any case, the initial project has sufficient capacity to cover the needs of more than 140,000 families with emission-free green energy, which is a population similar to that of Catania.
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Masdar Arlington Energy, a subsidiary of Abu Dhabi Future Energy Company PJSC – Masdar, has initiated the construction of two new battery energy storage system (BESS) projects in the UK. The Royle Barn Road plant in Rochdale and the Welkin Road plant in Stockport will have a combined capacity of 55 MW and provide enough energy to power 25,700 homes.
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Eolus has submitted an application for the 1 GW Blekinge Offshore Wind Farm, located 11 km off the coast of Blekinge in southern Sweden. Up to 70 turbines at this site, which is part of the Karlshamn and Sölvesborg municipalities, can provide up to 4.3 TWh of renewable energy annually. The construction work is scheduled to start in 2027.
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Van Oord has been contracted for the construction of the Baltica 2 Offshore Wind Farm, developed by Ørsted and PGE. The wind farm is located 40 kilometres offshore in the Polish area of the Baltic Sea. The company will transport and install 111 extended monopiles, of which 107 will serve as foundations for wind turbines and the other 4 as foundations for offshore substations.
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Enerparc AG has secured bridge financing for a project portfolio consisting of solar PV and hybrid projects, including battery storage (BESS), with an overall capacity of 325 MW. The financing was provided by the Eiffel Investment Group, while Capcora acted as the exclusive financial advisor to Enerparc throughout the process.
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The Renewables Infrastructure Group (TRIG) has acquired a 100 per cent equity interest in Fig Power, a UK-based developer focused on battery storage with a 1.7 GW development pipeline, including 400 MW with grid connection offers and a further 1.3 GW of exclusive sites. The expected outlay over the next two years is approximately £20 million.
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Sonnedix has finalised a €260 million green loan to finance the acquisition and construction of renewable energy projects in Italy. It follows the €500 million loan facility signed by the company in December 2023 to finance the construction of its renewable energy pipeline in Europe and the UK.
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