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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Masdar, the state-owned renewables developer of the United Arab Emirates (UAE), struck an agreement with Austrian electricity provider Verbund to build a green hydrogen plant in central Spain. As part of the agreement, both companies will assess whether it would be feasible to construct one of the largest green hydrogen production facilities in Europe in the Castilla-La Mancha region of Spain.
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Eolus has signed an agreement to acquire YIT Energy Oy, the renewable energy division of YIT. Eolus will acquire 100 per cent of the shares in YIT Energy Oy, a wholly owned subsidiary of YIT, for a fixed purchase price of €25 million. €10 million will be paid at closing and the remaining amount will be paid in instalments during 2024–202
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Vattenfall and BASF are in advanced and exclusive discussions to partner on the Nordlicht 1 and 2 projects through a sale of 49 per cent of the project shares to BASF. Both parties have signed a MoU to formally express their joint ambition. Vattenfall will use its share of the fossil free electricity to supply its German customers.
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Iberdrola and Masdar have signed a €15 billion strategic collaboration deal to jointly develop offshore wind and green hydrogen projects in Germany, the United Kingdom, and the United States. Following the successful co-investment in Baltic Eagle in Germany, the parties’ next milestone will be to obtain a further co-investment in the 1,400 MW UK East Anglia 3 offshore wind project.
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Masdar and Taaleri Energia have acquired eight hybrid renewable energy projects in Poland. Onshore wind and solar photovoltaic (PV) technologies are part of the projects. The deal includes a 1 GW portfolio with a total capacity of more than 1 GW. Masdar’s portfolio in Europe, and specifically in Poland, where it possesses 51.4 MW of wind projects, has been significantly expanded with this acquisition from Polish developer Domrel Biuro Uslug Inwestycyjnych.
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Lhyfe plans to produce up to 330 tons of green hydrogen per day in Lubmin plant, in Mecklenburg-Vorpommern, Germany, with a targeted commissioning date by 2029. Part of Lhyfe’s backbone development strategy, this plant will feed into the German core hydrogen pipeline network, for the development of which the German government recently unveiled a €20 billion financing plan.
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Octopus Energy’s generation arm has invested in the Walney Extension offshore wind farm in the UK. It is located in the Irish Sea off the coast of Barrow-in-Furness in the north west of England. Octopus has taken a 12.5 per cent stake in the 660 MW wind farm. The wind farm is made up of 87 turbines each taller than the 158 metres high Blackpool tower.
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Statera Energy, a UK based energy storage and flexible generation developer and operator, has secured up to £300 million of debt financing through a syndicate led by Lloyds Bank. The first £144 million phase of the financing will be used to deliver Statera’s 300 MW (600 MWh) Thurrock Battery Energy Storage System (BESS).
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Metsähallitus and Vattenfall have agreed to expand the Korsnäs Offshore Wind Farm project. Vattenfall became a Metsähallitus project partner for the wind project in December 2022 when it won an extensive international tendering process. A new regional plan is being prepared for the region of Ostrobothnia where the wind farm will be located.
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European Energy, a Danish renewable energy company has divested two solar farm projects to Sosteneo SGR in Italy. The total capacity of these renewable energy projects is 231 MW, and both are situated in Sicily. The first agreement, concerning a 68 MW solar farm in Ramacca covering an area of 135 hectares, was closed in September 2023.
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A new clean energy partnership between the UK and the Republic of Korea (RoK) has been agreed to boost energy security and accelerate the clean energy transition. The partnership was signed in London by the Energy Security Secretary and RoK’s Minister for trade, industry and energy.
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Repsol, a Spanish energy company, has acquired ConnectGen, a US-based renewable development company, from Quantum Capital Group for $768 million. The 20 GW of onshore wind, solar, and energy storage projects in ConnectGen’s development pipeline will help Repsol reach its goal of 20 GW of renewable capacity by the end of the 2020s.
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Bute Energy, a Welsh renewable energy company, has unveiled plans to build Llyn Lort Energy Park, a 165 MW wind farm to be located in Powys County, Wales. The requirements of approximately 144,000 households will be met by the power generated by the wind farm.
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Clearstone Energy, a UK-based solar and battery energy storage company has seeked planning permission to construct a 400 MW/800 MWh battery energy storage system (BESS) project in Devon, UK. It is named as the Junction 27 project. The company intends to secure the planning permit for the pipeline over the next 12 months and implement it between 2027 and 2032.
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RWE, a German utility company, has started offshore construction at its 1 GW Sofia offshore wind project on Dogger Bank in the central North Sea, 195 km off the north-east coast of the UK. Prysmian, which is the project’s cable contractor is using its vessel Leonardo da Vinci to lay the first section of high voltage direct current export cable to send the power generated.
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Boskalis, a Dutch dredging and offshore contractor has won two big contracts for the transportation and installation of the export and array cables for the 1.5 GW Baltica 2 offshore wind farm in the Polish section of the Baltic Sea. Polish utility PGE Polska Grupa Energetyczna SA and Denmark’s Ørsted A/S gave two deals to the company. Reportedly, the order is valued at over $ 322.5 million.
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Statkraft, a Norwegian renewable energy generator, has bought a wind farm portfolio from Breeze Two Energy, which consists of 39 wind farms with a total power-generating capacity of 337 MW, for $443 million. The acquisition broadens Statkraft’s growing portfolio of wind farms, which now includes 35 farms in Germany and four in France. There are 165 turbines with a combined capacity of 310 MW in the German portfolio.
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The Federal Network Agency of Germany has opened tenders for 190.11 MW of rooftop solar capacity and 287.85 MW of biomass-fired power plants. The bid submission deadline for both auctions is October 2. The maximum bid price for rooftop solar systems is set at $ 0.122 per kWh. This is the final auction round for solar installations on buildings and noise barriers for 2023.
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European Energy, a Danish renewable energy company, is aiming to set up a 65 MW solar project in the municipality of Anyksciai, Lithuania. The new facility is anticipated to go into operation in fourth quarter, 2023. The project will cover more than 120 acres, with more than 140,000 solar panels, and produce 90,000 MWh yearly. It is anticipated that the project will meet the power requirements of nearly 24,000 homes.
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