Category: News Europe

Drax completes £548 million acquisition of BSIF in the UK

Drax completes £548 million acquisition of BSIF in the UK

July 31, 2026 | , , ,

Drax Group has completed the £548 million acquisition of Bluefield Solar Income Fund Limited (BSIF) in the UK. The transaction adds 900 MW of operating and under-construction solar and wind assets, along with a 2.9 GW gross development pipeline expected to be built over the next decade. Moreover, combined with Drax’s battery energy storage system and other renewable assets, the company’s renewable generation portfolio now exceeds 3 GW of capacity. 

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Nadara closes refinancing for 1.5 GW European renewable energy projects

Nadara closes refinancing for 1.5 GW European renewable energy projects

July 31, 2026 | , , ,

Nadara has closed approximately €1.2 billion of refinancing for the pan-European platform. The financing covers the operational wind and solar photovoltaic portfolio with a combined installed capacity of 1.5 GW. The refinanced portfolio comprises 34 onshore wind farms and 13 solar PV plants and spans across Italy, the UK, France, Spain, Sweden, Norway and Finland. 

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Rosatom commissions 300 MW wind farm in Russia 

Rosatom commissions 300 MW wind farm in Russia 

July 30, 2026 | , ,

Rosatom’s Novolakskaya Wind Farm situated in the Republic of Dagestan, Russia has started supplying electricity to the unified power grid following the commissioning of its second phase. The Novolakskaya wind farm is Rosatom’s tenth operational wind farm. The new phase comprises 59 wind turbines with a total installed capacity of 147.5 MW. With the completion of the second stage, the wind farm’s total installed capacity has reached 300 MW. 

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Masdar and EPCG partner on renewable energy projects in Montenegro

Masdar and EPCG partner on renewable energy projects in Montenegro

July 28, 2026 | , , ,

Masdar and Elektroprivreda Crne Gore (EPCG) have signed agreements to develop 150 MW of solar capacity and explore more than 400 MW of pumped hydro storage in Montenegro. The projects will be developed through a 50/50 joint venture (JV) established following the companies’ JV agreement signed in April 2026. The solar portfolio comprises the 115 MW Štedim project and the 35 MW Krupac project.

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ACCIONA Energía divests 361 MW wind assets in Spain 

ACCIONA Energía divests 361 MW wind assets in Spain 

July 27, 2026 | , ,

ACCIONA Energía has completed the sale of its operational wind asset portfolio in Spain to Galp New Energies. The portfolio has a total installed capacity of 361 MW. The transaction covers 15 wind farms situated across the Spanish provinces of Navarra, Zaragoza, Ciudad Real, Palencia, Guadalajara and Seville.  The assets were sold for an equity value of €432 million, excluding financial debt.

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France selects three hydrogen projects for €778m

France selects three hydrogen projects for €778m

July 27, 2026 | ,

The French government has announced Hydrozere, eM-Rhône and FertHySomme as the first three winners of its hydrogen scheme. This 15-year hydrogen production support mechanism is a key component of the National Hydrogen Strategy and aims to promote decarbonized hydrogen production for direct industrial uses. The selection of these three industrial projects amounting to 161.4 MW of electrolysis capacity and worth €778m is the first step towards the national objective of about 1 GW of installed capacity.

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Ocean Winds secures consent for 2 GW Scottish offshore wind project 

Ocean Winds secures consent for 2 GW Scottish offshore wind project 

July 23, 2026 | , ,

Ocean Winds has secured offshore consent from the Scottish Government for its 2 GW Caledonia Offshore Wind Farm. The project forms a part of the Crown Estate Scotland’s ScotWind leasing round. The project comprises the 1 GW Caledonia North and 1 GW Caledonia South wind farms, with up to 140 turbines across a 429 sq km site. Caledonia North will use fixed-bottom foundations, while Caledonia South will combine fixed-bottom and floating foundation technology. 

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Elgin and Erova sign PPAs for UK solar projects 

Elgin and Erova sign PPAs for UK solar projects 

July 23, 2026 | , ,

Elgin has signed three 15-year contracts for difference (CfDs) backed by power purchase agreements with Erova Energy Group. The agreements cover a 112.6 MW portfolio of solar projects in the UK. The portfolio includes the 61.9 MW Thorpe solar project, the 26.2 MW Aston Flamville solar project, and the 24.5 MW Maes Mawr solar project. Additionally, all the three projects secured CfDs in the UK’s Allocation Round 6 auction.

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Eurowind Energy Romania commences construction of 138 MW wind projects 

Eurowind Energy Romania commences construction of 138 MW wind projects 

July 20, 2026 | , ,

Eurowind Energy Romania has commenced construction of three wind power projects, following the receipt of setting-up authorisations from the National Energy Regulatory Authority (ANRE). Together, the projects will add 138 MW of renewable energy capacity to the grid. The projects will use 23 Vestas V162-6.2 MW turbines. The projects will also benefit from a 20-year long-term service and maintenance agreement with Vestas.

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Fidra Energy achieves financial close on 1.1 GWh UK BESS project

Fidra Energy achieves financial close on 1.1 GWh UK BESS project

July 20, 2026 | , ,

Fidra Energy has reached financial close on its 500 MW/1.1 GWh West Burton C battery energy storage system (BESS) project located in Nottinghamshire, UK. The project received financing of around £231 million in loan facilities from a consortium of international lenders. The loan facilities consists of a term loan and ancillary facilities. Project construction is expected to commence later in 2026, with commercial operations expected in 2028. 

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GIGA Storage secures financing for 2,800 MWh Belgian BESS 

GIGA Storage secures financing for 2,800 MWh Belgian BESS 

July 10, 2026 | , ,

GIGA Storage has secured financing for the Green Turtle battery energy storage system (BESS) project located in Dilsen-Stokkem, Belgium. The project has an installed capacity of 700 MW/2,800 MWh. A consortium of 10 international banks including ABN AMRO, ING, Rabobank, Triodos Bank, Triodos Investment Management, asr, Belfius, HCOB, Santander, and SMBC is providing €450 million in debt financing for the project.

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METLEN to develop 252 MW Greek hybrid renewable project 

METLEN to develop 252 MW Greek hybrid renewable project 

July 10, 2026 | , , ,

METLEN has acquired a 40 per cent stake in a special purpose vehicle (SPV) owned by Tsakos Group to jointly develop a hybrid renewable energy project in Greece. The project will comprise a 251.9 MW solar photovoltaic plant coupled with a 375 MWh battery energy storage system (BESS). The SPV will oversee the project’s development, construction, operation, energy management, and commercial management.

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Quinbrook Renewables Impact Fund II raises GBP 587 million 

Quinbrook Renewables Impact Fund II raises GBP 587 million 

July 8, 2026 | , , ,

Quinbrook has achieved the final close of its Quinbrook Renewables Impact Fund (QRIF II), raising GBP 587 million through the fund, surpassing its GBP 500 million target.The fund will invest in renewable energy, energy storage, and grid infrastructure across the UK and Ireland to support their 2030 clean energy goals. Key projects under the fund include the 373 MWdc Mallard Pass Solar Project in England, the 963 MVA.s Wexford Synchronous Consider Project in Ireland, Project Norton combining 65 MW solar with 41 MW battery storage, and Aegis Energy’s clean refuelling hub network.

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Uniper and Respect Energy sign solar PPAs in Poland

Uniper and Respect Energy sign solar PPAs in Poland

July 7, 2026 | , ,

Uniper and Respect Energy have signed 6-year power purchase agreements (PPAs) for renewable electricity and guarantees of origin (GoOs) from four new solar projects. The projects include the Pakość, Kłodawa, Domanowo, and Krotoszyce solar facilities, all located in Poland. These projects have a combined installed capacity of 219 MWp. Under the agreement, Respect Energy will purchase both the solar electricity and its associated renewable energy certificates (GoOs).

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Qualitas Energy secures €172 million for Italian solar portfolio 

Qualitas Energy secures €172 million for Italian solar portfolio 

July 6, 2026 | ,

Qualitas Energy has secured approximately €172 million in non-recourse financing for a greenfield solar portfolio in Italy. The portfolio has a combined installed capacity of 158 MWp and comprises 15 solar projects across Italy. The projects are supported by a diversified revenue mix, including FER X, FER X NZIA, power purchase agreements, and other support schemes. The project financing was arranged by CaixaBank, La Banque Postale, and DekaBank.

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Actis acquires Klara Renewables in Poland

Actis acquires Klara Renewables in Poland

July 2, 2026 | , , ,

Actis has agreed to acquire Klara Renewables from CVC DIF. Klara Renewables is a 171 MW operational onshore wind portfolio located in Poland. The portfolio also offers around 275 MW of hybridisation potential through co-located solar PV and battery energy storage. The portfolio also has a long-term target of 1.5 GW of renewable capacity. The portfolio comprises six operational wind projects supported by contracts for difference through 2038-39, including three projects in Wielkopolska, two in Kujawy-Pomorze, and one in Podlasie, all powered by Vestas turbines.

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CIP reaches FID for Cobirgy biogas plant in Spain 

CIP reaches FID for Cobirgy biogas plant in Spain 

June 30, 2026 | , ,

Copenhagen Infrastructure Partners (CIP), through its Advanced Bioenergy Fund I (ABF I), has reached the final investment decision (FID) for the Cobirgy biogas plant located in Catalonia, Spain. The project will produce over 230 GWh of biomethane annually and around 150,000 tonnes of organic fertiliser and soil improver products. The plant will process up to 500,000 tonnes of agricultural and industrial organic waste annually. 

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RWE and PPC commission 930 MWp solar capacity in Greece 

RWE and PPC commission 930 MWp solar capacity in Greece 

June 29, 2026 | , ,

RWE and PPC have commissioned the final solar farm of the Amynteo photovoltaic complex located in Western Macedonia, Greece. This commissioning brings the nine solar projects with a combined capacity of 930 MWp into full operation. The projects were developed through their joint venture Meton Energy S.A. with RWE owning 51 per cent and PPC owning 49 per cent. 

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Aker Solutions secures 150 MW hydropower contract in Norway

Aker Solutions secures 150 MW hydropower contract in Norway

June 29, 2026 | , ,

Aker Solutions has secured a contract from Tussa Energi to supply all electromechanical equipment for the Tussa II hydropower plant. The contract is valued between NOK 0.5 billion and NOK 1.5 billion. The plant is located in western Norway. The project will expand the facility’s installed capacity from 64 MW to 150 MW with the addition of two 75 MW Pelton turbine units.

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