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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Trina Storage has secured a deal to provide battery energy storage systems (BESS) for four UK sites operated by Low Carbon. The systems will deliver approximately 190 MWh of total storage capacity, enhancing arbitrage and ancillary services capabilities. Each project will be able to provide its rated power output continuously for a duration of two hours.
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RP Global, a European renewables developer, sets forth to build a 50 MW solar farm in southern Croatia, according to the country’s ministry of economy and sustainable development, which received the project’s modified environmental impact assessment. According to their petition to the government, the Austria-based company proposed to reorganise the solar farm and deploy stronger photovoltaic modules.
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Cubico Sustainable Investments, a British renewables investor, and Storaltil Srl, an Italian company, have formed a joint venture (JV) to construct more than 1 GW of battery energy storage system (BESS) projects in Italy. According to the statement, the partners will place their wagers on Storaltil’s technical experience in the energy storage segment and Cubico’s proficiency in initiating and expanding projects in Italy
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Epsilon Advanced Materials (EAM) finalised the acquisition of a lithium-ion phosphate (LFP) cathode active material technology center in Moosburg, Germany. With the purchase, EAM is poised to make India the first country in Asia outside of China to manufacture LFP cathode materials. EAM is scheduled to break ground on its facility in India in 2024 to build a large-scale customer qualification plant in 2025.
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Octopus Renewables Infrastructure Trust plc has completed the acquisition of four newly-built solar farms in Ireland with a total capacity of 199 MW for €160 million. The farms generate enough green energy to power around 50,000 homes and will avoid around 60,000 tonnes of carbon emissions annually.
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Iqony Solar Energy Solutions (SENS), a subsidiary of Germany-based energy company Iqony GmbH, has commenced the development of a planned pipeline of up to 1 GWp in Poland. Reportedly, the first four photovoltaic projects which have been signed have a total output of 355 MWp. The solar parks will be built in the region around Wrocław and in the East of the country.
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EOS Investment Management Group (EOS IM) and Lightsource bp have finalised the sale of six solar greenfield projects in Italy to EOS IM. In particular, EOS IM, through EOS ReNewable Infra Fund II, will add the 294 MW portfolio to its existing solar power assets in Italy.
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