Iberdrola, a Spanish energy company, has announced the start of operations at its 33.6 MW Mikronoros wind farm in Greece. The wind project, which is located in Rhodopes, Thrace, consists eight V150 4.2 MW wind turbines, each with a hub height of 105 metres and a rotor diameter of 150 metres. The wind power project will provide renewable power to over 34,000 homes.
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Wallenstam, a Swedish property company, has announced the sale of three wind farms in Sweden to Jämtkraft, a Swedish energy company, for an undisclosed sum. Wallenstam stated that the sale is part of its strategy to restructure its wind energy portfolio.
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Engie has partnered with Google to build an artificial intelligence (AI)-based wind energy solution. Under the agreement, Engie and Google Cloud’s AI Services and Industry Solutions (AIIS) will collaborate to develop a solution that can predict the price and quantity of wind power to be sold in the market.
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RWE, a German energy company, has agreed to acquire the 1.4 GW Magnum gas-fired power plant in the Netherlands from Vattenfall for $534 million. Magnum has been in operation since 2013 at Eemshaven, in the Dutch province of Groningen. Reportedly, the power plant is ‘hydrogen-ready,’ which means it can run on hydrogen partially or completely.
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Siemens Gamesa has announced that it will supply the Serbian state utility EPS with a 66 MW wind power project. Siemens Gamesa will supply 20 SG 3.3-132 turbines to the Kostolac wind project in Serbia, which will be the company’s first in the country. They will be fully installed in 2024. These turbines have a rated power of up to 3.65 MW.
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Kona Energy, a clean energy firm based in the UK, has received planning permission for a 200 MW battery storage project in Heysham, Lancashire. The project site is near the Walney offshore wind farm, which is one of six offshore wind farms. Once completed, Kona Energy claims that the project will be one of Europe’s largest battery storage facilities.
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Enel Green Power España (EGPE), a subsidiary of Endesa, has connected its 180 MW Tico Wind farm in Spain to the country’s energy grid. The Tico Wind project, which is in Villar de los Navarros, Zaragoza, entails a $193 million investment. It can generate 471 GWh of green electricity per year and displace 192,200 tonnes of carbon emissions a year.
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Siemens Energy has launched a 4.05 billion euro bid for a minority stake in Siemens Gamesa. By doing this Siemens Energy hopes to resolve a complicated ownership structure that has weighed on its shares. The bid of 18.05 euros per share represents a 27.7 per cent premium over Siemens Gamesa’s last unaffected closing share price of 14.13 euros on May 17, 2022, and a 7.8 per cent premium over the closing price of May 20, 2022.
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Falck Renewables and BlueFloat Energy, two European energy companies, have joined forces to build a 975 MW floating wind farm off the coast of Sardinia. The Tibula Energia project will be located between 25 and 40 km off the island’s north-eastern coast and will include 62 floating wind turbines which will be “almost imperceptible” from the ground.
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Iberdrola, a Spanish energy company, has started construction on the 50.5 MW Korytnica II wind farm in Poland. The plant, which is located north of Warsaw in the Mazowieckie region, would increase the company’s onshore wind power capacity in Poland to 163 MW. Iberdrola already operates the 30 MW Zopowy wind farm in the Opole region, as well as the 82.5 MW Korytnica I wind farm.
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Trina Storage, a German energy storage company, has teamed up with inverter manufacturer Power Electronics to deploy more than 1 GWh of battery energy storage system (BESS) projects by the end of 2023. During the Intersolar Europe 2022 event, the two companies signed a letter of intent for a partnership.
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APG and OMERS Infrastructure, a Dutch pension investment company, have agreed to purchase energy transition platform Groendus from NPM Capital. Groendus develops, builds, and operates energy assets for companies, municipalities, and institutions, as well as provides a wide range of ancillary services. The company has installed about 170 MWp of solar power and over 12,000 electricity metres.
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Vattenfall, Sweden’s state-owned power company, is set to open its Blakliden Fäbodberget onshore wind farm in the municipalities of Sele and Lycksele. Vattenfall owns a 30 per cent stake in the 353 MW wind farm, which is jointly owned by Vattenfall, Vestas, and AIP Management. The facility is equipped with 84 wind turbines and has the capacity to generate 1 tWh of clean energy, enough to power almost 220,000 homes in the area.
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Greencoat UK Wind Plc has agreed to acquire a net 12.5 per cent stake in the 1.2 GW Hornsea One wind farm in the UK waters for GBP 400 million. Greencoat Capital LLP renewable energy fund will purchase the interest from Global Infrastructure Partners (GIP), which owns Hornsea One in a 50/50 joint venture with Denmark’s Ørsted A/S.
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Octopus Energy Group, a UK-based renewable energy company, has announced a financial and strategic partnership with Xlinks, a company that is building an interconnector between Moroccan solar farms and the UK. Xlinks is laying four 3,800 km subsea cables for the Morocco-UK power project, which will connect a renewable energy facility in the Moroccan desert with Devon, UK.
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Shell and Eneco have agreed to work jointly on the offshore wind tender process for the Hollandse Kust (west) (HKW) VI and VII lots, which are located off the coast of the Netherlands. The two companies will submit their bids through their two joint venture firms, Ecowende and SchakelWind. Ecowende will bid for HKW VI, while SchakelWind will submit an offer for HKW VII.
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By 2026, Lightsource bp, a joint venture between Lightsource and bp, intends to develop 1 GW of solar power capacity in France. To achieve this target, the company plans to build many large-scale ground-mount solar farms. Under the agreement, Lightsource bp plans to engage in public tenders and provide companies with sustainable energy through power purchase agreements.
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Verbund, an Austrian electricity provider, has announced the purchase of a renewable energy portfolio in Spain from various funds of the Q-Energy Group for an undisclosed sum. The vendor funds will be managed by Q-Energy Private Equity, a green energy investment fund manager.
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India and Italy will develop partnerships in key renewable energy sectors such as green hydrogen, biofuels, and energy storage. The decision was taken in a meeting between the Minister of External Affairs, India and his Italian counterpart. Reportedly, the discussion also covered the implementation of the India-Italy Strategic Partnership on Energy Transition, which was announced in 2021.
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The German Federal Maritime and Hydrographic Agency (BSH) has granted Iberdrola, a Spanish electric utility company, approval to build Baltic Eagle, the Baltic Sea’s largest offshore wind farm. With a capacity of 476 MW, Baltic Eagle will be able to generate enough clean energy to power 475,000 homes while avoiding over 800,000t of carbon emissions each year. By the end of 2024, the wind farm should be operational.
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