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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Vallourec and H2V have inked a partnership agreement aimed at enhancing collaboration between the two entities. The goal of this partnership is to facilitate closer cooperation and leverage each other’s technical expertise, market insights, and development capabilities for future projects.
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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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