Category: News Europe

Cubico and Storaltil create 1 GW Italian battery energy storage joint venture

Cubico and Storaltil create 1 GW Italian battery energy storage joint venture

February 6, 2024 | , , ,

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 acquires LFP cathode technology center in Germany

Epsilon acquires LFP cathode technology center in Germany

February 5, 2024 | ,

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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ORIT buys 199 MW solar farms in Ireland

ORIT buys 199 MW solar farms in Ireland

February 2, 2024 | , ,

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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SENS to develop solar project pipeline of up to 1 GW in Poland

SENS to develop solar project pipeline of up to 1 GW in Poland

February 2, 2024 | , ,

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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Amazon signs agreement with Engie to procure 473 MW renewable energy from wind farm

Amazon signs agreement with Engie to procure 473 MW renewable energy from wind farm

January 31, 2024 | , ,

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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Serbia secures $2.18 billion renewables investment commitment from China

Serbia secures $2.18 billion renewables investment commitment from China

January 30, 2024 | , , ,

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 to build 350 MW renewable portfolio in Greece

Ecoener to build 350 MW renewable portfolio in Greece

January 29, 2024 | , , ,

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 to install 150 MW of BESS at solar farms in Spain

Iberdrola to install 150 MW of BESS at solar farms in Spain

January 24, 2024 | , ,

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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WV International to build 900 MW wind farm in Serbia

WV International to build 900 MW wind farm in Serbia

January 17, 2024 | , ,

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 acquires 96 MW wind project pipeline in Germany

Qualitas Energy acquires 96 MW wind project pipeline in Germany

January 17, 2024 | , ,

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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GreenIT, Galileo to build 140 MW of solar PV in Italy

GreenIT, Galileo to build 140 MW of solar PV in Italy

January 9, 2024 | , ,

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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