Month: September 2024

Ib Vogt Powers the Future with 110MWp Solar Project Sale in Spain

International solar leader Ib Vogt has finalized the sale of a groundbreaking 110MWp solar project in Segovia, Spain, to NextPower V ESG, a fund managed by NextEnergy Capital. The project, known as the Pato Solar Farm, began construction in March 2024 and is on track to reach commercial operation by the first quarter of 2025. Once fully operational, the solar farm will generate an impressive 215.6GWh of clean energy annually, enough to power over 55,000 homes and cut carbon emissions by around 47,450 tonnes per year. That’s equivalent to eliminating the use of 15,000 tonnes of oil annually! 

To ensure maximum sustainability, the site is equipped with bifacial tracking solar panels, boosting energy efficiency throughout its lifecycle. In addition, Ib Vogt and NextEnergy Capital will collaborate to enhance the project with a battery energy storage system in the coming years. The Pato Solar Farm isn’t just about clean energy—it’s about preserving nature, too! The site includes newly created ponds to support wildlife like amphibians, nest boxes for owls, and native plants to promote biodiversity.  Ib Vogt CEO Anton Milner expressed pride in the project’s contribution to Spain’s energy transition, saying, “This project not only advances sustainability goals but also brings significant economic benefits through clean energy generation.” With a strong focus on quality and sustainability, the Pato project exemplifies a low-risk, high-potential investment. NextEnergy Capital’s managing director, Antonio Salvati, highlighted the project’s importance, noting, “Spain offers one of the highest levels of solar irradiation in Europe, making it a prime target for further investments.” This marks NextPower V ESG’s second major acquisition in Spain, with more opportunities on the horizon.

The Pato Solar Farm is part of Ib Vogt’s broader portfolio in Segovia, contributing to 513MWp of solar capacity, advancing Spain’s ambitious goal of achieving 100% renewable energy by 2050. Ib Vogt will handle all aspects of the project, including engineering, procurement, construction, and post-completion operations and asset management. With the support of Augusta & Co as financial advisors and Herbert Smith Freehills and Watson Farley Williams providing legal expertise, the project sets the stage for a greener future. #CleanEnergy #SolarPower #RenewableEnergy #GreenTransition #Sustainability #SpainSolar #EnergyStorage #NetZero #CarbonNeutral #IbVogt #NextEnergyCapital #FutureOfEnergy

ABP Unveils Ambitious Plans for Barrow Port, Including Floating Solar Farm

Associated British Ports (ABP) has revealed exciting plans for the future of Barrow Port, including a groundbreaking floating solar farm. The ambitious blueprint aims to position Barrow as a sustainable and forward-thinking industrial hub. The Barrow EnergyDock, the first major project under ABP’s masterplan, is set to go to public consultation soon. This innovative initiative involves the installation of a 32MW floating solar farm in Cavendish Dock. Kirsten Abbott, Commercial Manager (Energy) at ABP, expressed the company’s enthusiasm for the project, highlighting its potential to meet the green energy needs of Barrow’s industries and solidify the port’s reputation as a progressive industrial center.

Michelle Scrogham, MP for Barrow and Furness, praised ABP’s visionary approach and emphasized the long-term benefits that the masterplan will bring to the community. She expressed her excitement about the new opportunities that these plans will create for the people of Barrow. Barrow has already established itself as a key player in the offshore wind industry. With five operations and maintenance (O&M) bases already in place, ABP is planning to expand its facilities to accommodate the growing sector. This includes the construction of new O&M bases and berths capable of handling larger service operation vessels (SOVs). One such development is the Walney Channel O&M Base, where ABP has identified 4.7 acres of land adjacent to Ramsey Way. This site will provide essential facilities to support future wind energy projects, including warehousing, crew facilities, and marine access points for SOVs and Crew Transfer Vessels (CTVs).

Beyond O&M facilities, ABP aims to support the construction process of wind farms themselves. With an estimated £17bn investment in wind energy expected to come to the Eastern Irish Sea under the Round 4 process, Barrow’s expansion will ensure its position as a hub for wind energy, creating high-skill jobs and driving economic growth. The blueprint also includes exciting proposals for maritime connections to support hydrogen import and carbon storage. ABP’s masterplan serves as a “call to action” for all stakeholders in Barrow to collaborate and ensure the town’s continued success in adapting to and thriving in the face of new opportunities. #ABP #BarrowPort #FloatingSolarFarm #RenewableEnergy #OffshoreWind #GreenEnergy #Sustainability #IndustrialHub #EconomicGrowth #JobCreation #Hydrogen #CarbonStorage

Hecate Energy and Bechtel Join Forces for Michigan’s Largest Solar Power Project

Hecate Energy has chosen Bechtel, a global leader in engineering and construction, to spearhead the design and build of the massive 360MW(dc) Sunfish Solar 2 PV project in Michigan. Set to break ground later this year, this landmark project will not only accelerate the state’s clean energy transition but also generate over 350 construction jobs at its peak.

Located in Calhoun County, Sunfish Solar 2 will be one of Michigan’s largest solar facilities, marking a significant milestone in the state’s ambitious plan to produce 50% of its energy from renewable sources by 2030. With a sprawling 1,300-acre site, the project will feature 620,000 state-of-the-art bifacial solar panels, maximizing energy generation by capturing sunlight from both sides.

Scheduled for completion in 2026, Sunfish Solar 2 is the most advanced project in Hecate’s 1GW pipeline, reflecting a bold step toward a sustainable future. Bechtel will not only design, construct, and commission this renewable energy powerhouse but also leverage cutting-edge autonomous technologies to enhance project efficiency and delivery.

Scott Austin, Bechtel’s General Manager of Renewables & Clean Power, expressed his enthusiasm for the project, stating, “We are proud to support Michigan’s renewable energy goals with this milestone project, contributing to a cleaner, more sustainable future while also creating high-quality clean energy jobs.”

Fazli Qadir, Hecate Energy’s Chief Technology Officer and Executive Vice President of Engineering, Procurement, and Construction, echoed this sentiment, saying, “We are delighted to partner with Bechtel on Sunfish Solar 2. Bechtel brings more than 80 years of experience in delivering renewable energy projects and shares our commitment to a cleaner, greener future and long-term benefits for electricity consumers.”

As Michigan moves closer to its renewable energy goals, the Sunfish Solar 2 project stands as a beacon of innovation and collaboration, driving the state toward a greener tomorrow.

#RenewableEnergy #SolarPower #GreenEnergy #SustainableFuture #MichiganRenewables #CleanEnergyJobs #SolarProjects #Bechtel #HecateEnergy #GreenMichigan #ClimateAction #SolarTechnology #EnergyTransition

Qair Acquires Majority Stake in Green Switch Capital, Supercharging Its UK Renewable Energy Ambitions

Qair has taken a significant leap forward in the UK’s renewable energy landscape by acquiring a majority share in Green Switch Capital (GSC), a prominent developer of onshore wind, solar, and storage projects. This strategic acquisition marks a major step in Qair’s plan to expand and diversify its presence in the UK, positioning itself as a leading player in the renewable energy sector.

Expanding Horizons: A 15GW Renewable Pipeline

Green Switch Capital has developed an impressive pipeline exceeding 15GW, with half of these projects already securing crucial elements such as grid offers, land leases, and grid connections. The first of these projects are expected to come online by 2026, further boosting Qair’s growing portfolio. This acquisition will enable Qair to tap into GSC’s extensive pipeline, extending its reach into sizable storage projects and enhancing its ability to offer competitive, integrated energy solutions to its clients.

Strengthening Qair’s UK Presence

Since its entry into the UK market in 2022, Qair has quickly established a strong foothold, securing 2GW of offshore wind capacity in Scotland through the ScotWind leasing round, alongside two Energy-from-Waste projects and a significant onshore wind and solar PV pipeline. The addition of Green Switch Capital’s assets solidifies Qair’s position as a formidable Independent Power Producer (IPP) in the UK, reinforcing its commitment to addressing the evolving energy needs of its customers while supporting their sustainability goals.

Qair’s CEO, Louis Blanchard, expressed his enthusiasm about the acquisition, stating, “We are pleased to welcome such a skilled team to Qair. This acquisition perfectly aligns with our strategic goal of expanding our presence in the UK market and further strengthens our commitment to delivering competitive renewable energy solutions. Qair is now well-positioned to become a major player in key European markets.”

A Strategic Partnership for the Future

For Green Switch Capital, joining forces with Qair represents a significant opportunity to accelerate its growth and impact within the UK energy market. GSC’s CEO, Markus Wierenga, shared his excitement about the partnership, saying, “We are delighted to have joined the Qair group. The expertise and experience that Qair will bring to the GSC team will accelerate the development in turning the business into a significant IPP player in the UK energy market.”

As Qair integrates Green Switch Capital into its operations, the company is poised to drive forward the UK’s transition to renewable energy, contributing to a more sustainable and resilient energy future. With a robust pipeline, a growing portfolio, and a shared commitment to innovation, Qair and GSC are set to make a lasting impact on the UK’s renewable energy landscape. #RenewableEnergy #UKEnergy #GreenEnergy #WindPower #SolarPower #EnergyTransition #Qair #GreenSwitchCapital #Sustainability #EnergyStorage #CleanEnergyFuture

KGAL Fund Enters the Czech Solar Market with a Major 50MW Project Acquisition

KGAL’s renewable energy fund, ESPF 5, has made a bold move into the Czech market by acquiring the 50MW PVPP Saxonie solar project near the northern Bohemian city of Most. This marks the eleventh transaction for ESPF 5, expanding its portfolio across a sixth European country, and demonstrating its commitment to driving the clean energy transition in emerging markets.

Czech Republic: A Rising Star in Renewable Energy Investment

The Czech Republic is rapidly emerging as a hotbed for renewable energy investments, and KGAL is seizing the opportunity. The country has set ambitious climate targets that have been raised multiple times, making it a highly attractive destination for investors looking for growth and stability. The Czech government aims to more than double its solar capacity from the current 3.6GW to 8GW by 2030, while also tripling its wind power capacity to 1.5GW.

“In order to achieve these targets, investors are receiving state subsidies for their projects. Solar and wind projects are responding with dynamic expansion,” said André Zücker, Co-Chief Executive of KGAL. This favorable environment is drawing significant investor interest, positioning the Czech Republic as a key player in Europe’s renewable energy landscape.

Low Volatility and High Impact: The Czech Market’s Unique Appeal

One of the standout features of the Czech energy market is its low electricity price volatility, with spot market transactions conducted in euros. This stability provides an attractive risk profile for investors compared to other markets. However, the country’s current electricity mix still heavily relies on coal, which accounts for over 40% of its generation. This results in a CO2 impact well above the EU average, highlighting the urgent need for more climate-neutral energy solutions.

“With the climate-neutral electricity from the solar park near Most, our KGAL ESPF 5 fund will achieve a particularly high impact,” Zücker added. The 50MW PVPP Saxonie project will play a crucial role in reducing the carbon footprint of the region and accelerating the shift away from coal dependency.

Next Steps: Building a Cleaner Future with PVPP Saxonie

The construction phase for the PVPP Saxonie solar park is set to kick off soon, with grid connection planned for the third quarter of 2025. Most of the electricity generated will be marketed through a long-term Power Purchase Agreement (PPA), ensuring stable returns and fostering sustainable energy practices.

The project was acquired from Sev.en Inntech a.s., a Czech company that not only sold the solar project but also operates the local power grid to which the solar park will be connected next year. This synergy between local operators and international investors like KGAL is a promising sign of the collaborative efforts needed to meet Europe’s renewable energy goals.

Looking Ahead: A Green Horizon for KGAL and the Czech Republic

As the final closing of the Article 9 impact fund is set for October 2024, KGAL continues to strengthen its foothold in Europe’s renewable energy market. With this strategic entry into the Czech Republic, KGAL is not just investing in solar power but also contributing to a cleaner, more sustainable future for the region.

This latest acquisition underscores the growing appeal of the Czech market for renewable energy investors and highlights the dynamic expansion opportunities in the solar and wind sectors. As KGAL and ESPF 5 continue to build on this momentum, they are paving the way for a greener, more resilient energy landscape in Central Europe. #SolarEnergy #RenewableInvestment #CzechRepublic #CleanEnergy #GreenTransition #SustainableFuture #PPAs #EnergyMarket #ClimateImpact #KGAL

BayWa r.e. Transforms Former Military Bases into 136MW Solar Powerhouses in France

BayWa r.e. has turned history into a beacon of clean energy by completing five solar farms totaling 136MW across two former military bases in France. Located in central and south-western France, these solar installations span a combined area of 151 hectares and feature over 300,000 solar panels. This ambitious project not only harnesses renewable energy but also revitalizes lands with deep historical roots.

From War Zones to Solar Zones: A New Era for La Martinerie and Fontenet

At the former La Martinerie military base near Châteauroux, two solar parks now generate a combined 82GWh of renewable electricity annually. The 40MW Greenberry solar park, the latest addition, was recently commissioned, joining its 30MW counterpart, Blueberry, which began operations in 2021. These sites are not just producing clean power; they are writing a new chapter in a location that was once a hub for military training and operations.

Over at the Fontenet base in Charente-Maritime, three solar parks—Fontenet 1, 2, and 3—collectively produce another 82GWh each year. Fontenet 1 started operations back in 2014, Fontenet 2 in 2022, and Fontenet 3 has just completed construction. These projects symbolize a dynamic shift from past military use to a sustainable, energy-rich future.

Sustainability Meets Innovation: Coactivity and Biodiversity at the Heart of Solar Development

BayWa r.e. has integrated innovative measures to ensure that these solar farms support both energy production and ecological health. By contracting leases with local farmers, the company has enabled sheep farming to occur on the solar sites. This approach not only provides an additional income stream for farmers but also reduces the need for mechanical vegetation management, preserving local biodiversity.

The company has taken further steps to protect the local flora and fauna. At the Greenberry and Blueberry farms, special measures were implemented to protect native orchid species, create shelters for reptiles, and ensure small terrestrial wildlife can pass freely through the fences. In Fontenet, BayWa r.e. also contributed to the local community by installing solar panels on a municipal building, highlighting its commitment to sustainable local development.

A Historic Transformation: From Military Bases to Clean Energy Hubs

Both La Martinerie and Fontenet have rich histories dating back to the early 20th century. La Martinerie began as a pilot school in 1915 and later hosted the 3rd Fighter Regiment from 1920. Meanwhile, Fontenet was developed during the interwar period and later housed NATO forces from 1951 to 1969 before their eventual closure in the 2000s. Before BayWa r.e. could transform these sites into solar farms, extensive pyrotechnic decontamination was necessary. At Fontenet, several unexploded shells were secured, and at La Martinerie, a 250kg bomb was unearthed as recently as 2023.

A Milestone for Renewable Energy and Land Rehabilitation

Celine Tran, Regional Director of Projects Europe South-West at BayWa r.e., emphasized the significance of these projects: “This example of land rehabilitation as part of the energy transition represents yet another milestone for our innovative and local approach in France. With a strong regional footprint, we are committed to creating positive impacts and benefits for the local community.”

BayWa r.e.’s solar projects on former military sites illustrate how renewable energy can drive both environmental and rural development. The company has also showcased its commitment to wind energy, with a recent sale of the 9MW Quilly wind farm to the local community, underscoring its diverse approach to supporting sustainable growth in France. #CleanEnergyRevolution #SolarPower #FranceRenewables #SustainableDevelopment #LandRehabilitation #GreenEnergy #Biodiversity #RenewableEnergy #CommunityImpact #BayWaRE

Lightsource BP and Kajoni Team Up for Ambitious 500MW Solar Push in Germany

Lightsource BP, a global leader in solar development, has joined forces with Kajoni Energie to power up Germany’s clean energy future. Together, the two companies have committed to developing over 500MW of utility-scale solar projects across Germany over the next two to three years.

A Strategic Solar Partnership to Accelerate Germany’s Green Transition

The collaboration will focus on creating a robust pipeline of solar projects, each with a minimum capacity of 20MW. With Kajoni’s deep local expertise and Lightsource BP’s global experience, the partnership aims to fast-track Germany’s shift towards renewable energy. Kajoni will be responsible for identifying ideal sites of at least 20 hectares, securing all the necessary permits, and bringing these projects to ready-to-build status in close cooperation with Lightsource BP. Once construction begins, Lightsource BP will take full ownership of the projects.

“Lower Saxony, where Kajoni has strong roots, offers immense potential for solar power,” said Stephan Jeznita, Head of Business Development Germany at Lightsource BP. “We are determined to expand our footprint in the German market, and working with local partners like Kajoni is key to scaling up our greenfield development operations.”

Local Expertise Meets Global Experience

Kajoni, known for its regional presence and knowledge in Lower Saxony, is a perfect match for Lightsource BP’s ambitious growth plans. “We sought a partner that aligns with our solar development ambitions, and Lightsource BP fits the bill perfectly,” said Manuel Stiller, Managing Director of Kajoni. “Their extensive experience as a utility-scale solar developer and operator worldwide, combined with their capital and expertise, positions them as an ideal partner to support Germany’s renewable energy targets.”

Paving the Way for Solar Growth in Germany

Having entered the German market in 2023, Lightsource BP has set an ambitious goal to become one of the leading solar project developers in the country, aiming to bring 500MW of solar capacity to the grid annually. This new partnership with Kajoni marks a significant step toward achieving that vision.

The combined strengths of Kajoni’s local market insights and Lightsource BP’s global reach and resources promise a bright future for Germany’s solar energy landscape. As they roll out these large-scale solar projects, the collaboration is set to not only boost clean energy production but also create economic opportunities and strengthen Germany’s energy independence. #SolarEnergy #RenewableEnergy #Germany #Sustainability #GreenEnergy #CleanPower #UtilityScaleSolar #EnergyTransition #ClimateAction #LightsourceBP #Kajoni