Month: October 2024

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Trailstone Secures Key Role In Balancing Portuguese Solar Power Grid

Norbida UK News
Exciting times ahead! Our new deal with Eurowind not only strengthens our renewable energy portfolio but also includes the aggregation of 24MWp of solar projects! Together, we're powering a brighter, greener future!

Trailstone Partners with Eurowind Energy to Enhance Renewable Energy in Portugal! 

Trailstone is excited to announce its partnership with Eurowind Energy, providing physical balancing and aggregation services for their 22MWp Triana Solar PV asset and the newly constructed 2MWp Vale Verde UPP in Portugal. This collaboration marks a significant step forward in Trailstone’s mission to strengthen its presence in the rapidly growing Portuguese renewable energy market.

Ante Pogacic, Global Head of Power & Renewables at Trailstone, emphasized the importance of this partnership, stating: “Portugal is a strategic market with tremendous renewable growth where we can provide renewable asset owners with unique proprietary risk management and energy trading optimization solutions.” This highlights Trailstone’s commitment to delivering innovative strategies that support the expansion of renewable energy in the region. Joaquim Pinto, Country Manager for Portugal at Eurowind Energy, echoed this sentiment, sharing: “Starting with Trailstone as our market agent for Triana PV Park and the Vale Verde UPP is a new chapter for Eurowind in Portugal. The track record and expertise of Trailstone in the route-to-market area give us the comfort of focusing on what we do best: developing, building, and operating renewable energy assets across various technologies.” As both companies join forces, they are paving the way for a sustainable energy future in Portugal, leveraging their combined strengths to optimize renewable energy production and management. This partnership exemplifies the potential for collaboration in accelerating the transition to clean energy solutions. Stay tuned as Trailstone and Eurowind lead the charge in enhancing Portugal’s renewable energy landscape!  #Trailstone #EurowindEnergy #RenewableEnergy #Portugal #SolarPower #Partnership #CleanEnergy #Sustainability #EnergyTrading #GreenFuture

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Greening Secures Major Win With 60MWac Solar Project In The US

Norbida UK News
Powering up Indiana! ⚡ This massive 452-acre solar project will generate clean energy, with all power sold under a renewable energy certificate (REC) agreement.

Greening Wins 60MW Solar Contract in Indiana to Power Major Tech Company! 

Exciting news from the renewable energy world! Greening has been awarded the EPC contract to construct a 60MWac photovoltaic power plant in Jasper County, Indiana. This solar project will cover a sprawling 452 acres (183 hectares) and deliver clean, renewable energy to a major technology company—though the end customer’s name remains under wraps for now. 

The energy generated by the Jasper County Solar Project will be sold through a Renewable Energy Certificate (REC) agreement signed with the tech company, helping to support their sustainability goals in the region. The project is a major win for both Greening and the end customer, contributing to Indiana’s growing renewable energy footprint. Ignacio Salcedo, CEO of Greening, celebrated the achievement, stating: “For Greening, this project solidifies the success of our commitment to the North American market, which now represents 40% of our total portfolio. Our growing presence in the US market is one of the pillars of our strategic plan for 2024-2026, which we presented to the market last May.” Construction on the plant is set to begin in the fourth quarter of 2024, with completion expected by the end of 2025. This marks another major step forward in Greening’s ambitious expansion plans, positioning the company as a leader in the U.S. renewable energy sector. As Greening continues to grow its clean energy portfolio across North America, this project will help fuel a more sustainable future for both businesses and communities alike.  #SolarPower #RenewableEnergy #CleanEnergy #Greening #Indiana #Sustainability #SolarProjects #GreenTech #EnergyTransition #REC #ClimateAction

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Plenitude Kicks Off Construction Of 220MW Solar Power Project In Spain!

Norbida UK News
Breaking ground on a massive 286-hectare solar project in Castilla y León! 🌞 This 220MW powerhouse will connect to the grid through a 3.2km underground line, bringing clean energy to Spain.

Plenitude Launches Construction of 220MW Solar Plant in Salamanca, Spain!

Plenitude has officially broken ground on its highly anticipated 220MW solar plant in Villarino de los Aires, Salamanca, marking a significant milestone in renewable energy development in Castilla y León. This massive solar park, spanning 286 hectares, is set to become one of the largest in the region and a crucial step forward in Spain’s clean energy future. At the cornerstone laying ceremony, representatives from the Regional Government of Castilla y León, the City Council, and Plenitude gathered to celebrate the start of this transformative project. The plant will be connected to the national transmission grid via a 3.2km underground medium-voltage line, further showcasing the cutting-edge infrastructure being implemented.

With 365,300 bifacial solar modules, this plant is expected to produce over 400,000 MWh of clean electricity per year, powering thousands of homes and businesses across Spain. The project, slated for completion by 2025, is being built with the support of Sterling & Wilson alongside local firms, ensuring both innovation and local collaboration. Plenitude is also committed to environmental stewardship, implementing measures to conserve natural water channels, relocate rural huts, and install a permeable hunting fence to protect local wildlife. Active coordination with neighboring farmers ensures that the project remains compatible with the land’s traditional uses, striking a balance between renewable energy development and local livelihoods. Mariangiola Mollicone, head of Western Europe renewables and managing director of Plenitude in Spain, expressed pride in the collaborative efforts: “The Villarino project is a virtuous example of integration with the territory. Being here today, in the presence of all the actors involved, is tangible proof of our willingness to continue this collaborative approach in the coming years.” With the start of this project, Plenitude strengthens its presence in Castilla y León, where it already operates a 13MW wind plant. Plenitude’s renewable portfolio in Spain now exceeds 440MW of installed photovoltaic and wind capacity, with projects under construction totaling around 1GW in Andalusia, Castilla y León, and Extremadura. The company is also advancing plans for over 2GW of new renewable energy capacity across the country. Plenitude is leading the way in Spain’s renewable energy transformation, and the Villarino de los Aires solar plant is a shining example of innovation, collaboration, and sustainability.  #RenewableEnergy #SolarPower #Plenitude #CleanEnergy #Spain #Sustainability #CastillaYLeón #SolarEnergy #GreenFuture #EnergyTransition

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Dominion Powers Ahead With Ambitious 3.4GW Offshore Wind Initiative

Norbida UK News
Big things on the horizon! Alongside the massive 2.6GW Coastal Virginia project, Dominion is aiming even higher with plans for 12GW of new solar! Get ready for a cleaner, greener future.

Dominion Energy Unveils Ambitious 15-Year Plan for Offshore Wind and Solar Expansion! 

Dominion Energy is making bold moves towards a cleaner, more sustainable energy future with plans to develop a massive 3.4GW of new offshore wind power over the next 15 years. This exciting development comes on top of the 2.6GW Coastal Virginia Offshore Wind (CVOW) project, which is the largest offshore wind project currently under development in the U.S., located off the coast of Virginia Beach. Dominion’s 2024 Integrated Resource Plan (IRP) confirms that the CVOW remains both on-time and on-budget, keeping momentum strong for the country’s renewable energy ambitions.

But the excitement doesn’t stop there! Dominion is also ramping up its solar energy efforts, aiming to add a staggering 12,000MW of new solar capacity—an impressive 150% increase from the 4,750MW of solar energy it has either operational or in development.  This renewable surge is complemented by plans to develop 4,500MW of new battery storage, ensuring reliable energy availability even when the sun isn’t shining or the wind isn’t blowing. The IRP serves as a long-term roadmap, forecasting unprecedented growth in energy demand—projected to grow 5.5% annually within Dominion’s delivery zone, doubling by 2039. To meet this challenge, Dominion plans to rely on a balanced mix of energy sources, including natural gas, to ensure reliable backup power as the utility scales its renewable fleet. Ed Baine, President of Dominion Energy Virginia, emphasized the significance of this growth:
“We are witnessing the largest power demand surge since post-World War II. To meet the needs of our customers, we need an ‘all-of-the-above’ approach. I’m proud of our ability to deliver reliable, affordable energy—14% below the national average—and we plan to keep it that way, while increasingly turning to cleaner energy sources.” Dominion’s innovative strategy ensures reliable, affordable, and cleaner energy solutions—whether it’s day or night, rain or shine. #DominionEnergy #OffshoreWind #SolarPower #CleanEnergy #Sustainability #RenewableEnergy #BatteryStorage #EnergyTransition #GreenFuture

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Trina Solar Secures A Major Win: Signs 69MW Power Purchase Agreement In Italy

Norbida UK News
Exciting times ahead! A groundbreaking 15-year partnership with Shell subsidiary EGO is set to kick off as construction begins on nine innovative projects by 2025. Together, we're paving the way for a sustainable future!

Trina Solar Teams Up with EGO: A Bold Step Towards a Greener Future in Italy! 

Trina Solar’s International Systems Business Unit (Trina Solar ISBU) has just announced an exciting 15-year Power Purchase Agreement (PPA) with EGO, the innovative Italian energy management company owned by the Shell Group. This partnership marks a significant milestone in the renewable energy landscape, encompassing nine groundbreaking projects that will collectively generate 69MWp across various regions in Italy.

With construction already underway or set to commence in 2024 and 2025, these projects are not just numbers; they’re a promise of progress.  This initiative is expected to create approximately 1,000 jobs in nine different regions, bringing new opportunities and economic growth to local communities.

Once operational, this impressive portfolio is projected to generate 119 GWh of clean energy annually, enough to power 7,000 average-sized households! This collaboration not only aims to provide green energy to EGO’s Italian clients but also plays a crucial role in supporting Italy’s ambitious goal of having 65% of its electricity generated from renewable sources by 2030.

Linhui Sui, president of Trina Solar ISBU, expressed his enthusiasm: “We are very pleased to partner with EGO and the Shell Group to deliver green energy to their Italian clients and contribute to the Italian government’s renewable energy target.”

Echoing this sentiment, Carlo Corallo, CEO at EGO, emphasized the company’s readiness to seize this opportunity: “EGO is well-positioned to capture this opportunity due to our specialization in managing energy produced from distributed sources and our well-established network of small asset owners. Our integration into Shell Energy Europe, with its extensive trading capabilities, allows us to deliver greater value over the longer term as solar generation grows across Italy.”

Together, Trina Solar and EGO are not just investing in renewable energy; they are building a sustainable future for Italy!  Stay tuned for updates as we embark on this exciting journey towards greener energy! #TrinaSolar #EGO #RenewableEnergy #SustainableFuture #SolarPower #CleanEnergy #Italy #GreenJobs #PPA #EnergyTransition

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Octopus Energizes Its Portfolio With The Acquisition Of A 42MW Solar Farm In Ireland

Norbida UK News
Exciting news! Our facility is now part of a five-site complex powered by Statkraft Ireland, boasting a total capacity of an impressive 241MW. Together, we're shaping a greener future!

Octopus Renewables Infrastructure Trust (ORIT) Expands Its Green Energy Footprint with 42MW Solar Farm Acquisition Near Dublin! 

We are thrilled to announce that ORIT has successfully completed the acquisition of a newly constructed 42MW solar farm near Dublin, Ireland! This exciting addition brings our total capacity across five sites to an impressive 241MW, contributing significantly towards Ireland’s ambitious national PV target of 8GW by 2030.

This solar farm, along with four operational solar farms acquired earlier this year, positions ORIT as a key player in the renewable energy sector. Developed and constructed by Statkraft Ireland under ORIT’s watchful eye, these arrays are set to meet approximately 2.5% of Ireland’s solar energy goals, underscoring our commitment to a sustainable future.

Financed partially through a €104m debt facility from Allied Irish Banks and La Banque Postale, this acquisition has a total cost of €198m, with €38m allocated to this new site. The strategic partnership includes a 15-year power purchase agreement (PPA) with Microsoft, ensuring a stable revenue stream from the solar complex.

With this acquisition, ORIT’s operational renewable energy assets now total 802MW, enough green energy to power around 50,000 homes!  Not only does this endeavor provide sustainable electricity to Irish households, but it also helps prevent approximately 70,000 tonnes of carbon dioxide emissions each year. Phil Austin, chairman of ORIT, shared his enthusiasm: “We are delighted to have completed the fifth solar site following its energisation, underscoring our continued commitment to increasing green electricity generation through renewable infrastructure projects. This solar complex will play a crucial role in providing sustainable electricity to Ireland, helping it meet its clean energy goals and representing a step forward in our mission to deliver long-term value for our shareholders and positive environmental impact.” Join us on our journey towards a greener future! #OctopusRenewables #GreenEnergy #SolarPower #RenewableInfrastructure #Ireland #SustainableFuture #ClimateAction #CleanEnergy #SolarEnergy #EnergyTransition #ORIT

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Better Energy Strikes Major Solar PPA Deal In Sweden, Advancing Clean Power

Norbida UK News
Better Energy Seals 10-Year Solar Deal with Nolato for 24MW Project, Powering Sustainability Southwest of Stockholm

Better Energy Inks 10-Year Solar PPA with Nolato, Powering Sustainability in Sweden 

Better Energy has signed a landmark 10-year power purchase agreement (PPA) with Swedish plastics manufacturer Nolato, aimed at covering a substantial portion of Nolato’s electricity needs with clean, renewable energy. This deal is tied to the establishment of a 24MW solar park near Studsvik, southwest of Stockholm, and is a key milestone in Nolato’s drive to reduce its carbon footprint.

Spanning over 23 hectares in the Nyköping municipality, the new solar array will directly power Nolato’s operations across Sweden, supporting the company’s goal to cut CO2 emissions by 80% by 2025. As part of its long-term sustainability strategy, Nolato has been increasingly turning to PPAs as a way to secure green energy, manage costs, and protect itself against energy price volatility.

Christer Wahlquist, CEO of Nolato, emphasized the benefits of the agreement, stating: “Incorporating another solar farm into our energy mix is an effective strategy for accessing renewable electricity with a Guarantee of Origin, helping us meet our emission reduction targets. At the same time, the PPA provides stability in our future electricity costs, supporting both our sustainability goals and business operations.”

For Better Energy, this PPA further highlights its role in facilitating the energy transition, helping businesses like Nolato make significant strides toward carbon neutrality while adding more renewable electricity to Sweden’s power grid.

This agreement not only helps Nolato reach its ambitious environmental goals but also demonstrates the growing importance of corporate PPAs in driving the shift to clean energy in Sweden and beyond. #RenewableEnergy #SolarPower #BetterEnergy #Nolato #CleanEnergy #Sustainability #SolarPPA #GreenEnergy #CarbonReduction #Sweden #EnergyTransition #SolarProjects #CorporateResponsibility #ClimateAction

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Clearvise Expands Renewable Portfolio With Acquisition Of Major French Solar Site

Norbida UK News
Clearvise Seals Deal with ClearPartners for 70MWp Solar Project, Boosting French Renewable Energy Ambitions

Clearvise Expands Solar Portfolio with 70MWp French Solar Project 

Clearvise has taken a significant step in its renewable energy growth by signing a purchase agreement with ClearPartners for a large-scale, ground-mounted photovoltaic system in western France. The solar project, boasting an authorised capacity of over 70MWp, marks a key milestone in the company’s expansion strategy. While the sale price remains undisclosed, the impact of this acquisition is set to be substantial. This solar park has already secured a legally binding building permit after successfully navigating the authorisation process. Once operational, the site will generate more than 90GWh of clean electricity per year, powering thousands of homes and businesses. The project will benefit from a mix of state-guaranteed feed-in tariffs and Power Purchase Agreements (PPAs), ensuring long-term financial stability.

Clearvise AG’s chief executive, Petra Leue-Bahns, commented: “The signing of this purchase agreement represents a new milestone in our growth initiative. Our co-development and co-IPP model with ClearPartners highlights our commitment to fair, long-term cooperation with regional developers, benefiting all partners involved.” As part of the ClearPartners cooperation, the regional development partner will retain a 30% stake in the project, while Clearvise holds the majority with a 70% share. This close integration with local partners is seen as a “role model” for long-term, sustainable value creation in the region. The addition of this solar park strengthens Clearvise’s position as a key player in the European renewable energy market, and highlights the company’s dedication to sustainable growth through innovative partnerships. #SolarEnergy #RenewableEnergy #Clearvise #ClearPartners #GreenEnergy #Sustainability #FranceSolar #PPAs #CleanEnergy #EnergyTransition #SolarProjects #SustainableGrowth #ClimateAction

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Tesco Seals 373MW Solar Power Deal, Accelerating UK’s Renewable Energy Push

Norbida UK News
Tesco Taps into Clean Energy: EDF Facilitates Power Agreement with Cleve Hill Solar Park, Securing 373MW of Renewable Energy

Tesco Powers Ahead with Landmark Solar PPA 

Tesco has announced the signing of its largest UK Power Purchase Agreement (PPA) to date, securing 65% of the solar power from the 373MW Cleve Hill Solar Park. Facilitated by EDF, this 15-year deal marks the largest solar corporate PPA ever agreed upon in the UK, according to Tesco. Located on the north Kent coast, Cleve Hill Solar Park began construction in early 2023 and is slated to be operational by early 2025. With more than 560,000 solar panels and cutting-edge energy storage infrastructure, Cleve Hill will significantly boost the UK’s renewable energy output. The site is expected to generate enough renewable power annually to meet the electricity needs of 144 large Tesco stores.

Tesco’s commitment to sustainability is further reinforced by this deal. By 2030, PPAs will cover 45% of Tesco UK’s and 36% of the group’s projected electricity demand, demonstrating their leadership in corporate climate action. EDF’s role in power balancing and shaping services is crucial to ensuring the smooth integration of this green energy into the grid. Ken Murphy, Tesco’s group chief executive, emphasized the importance of the project, stating, “Cleve Hill Solar Park is a major step toward our goal of carbon neutrality by 2035. It will provide up to 10% of our UK electricity needs, supporting our broader renewable energy strategy and helping us combat climate change.” This landmark deal not only highlights Tesco’s commitment to sourcing green electricity but also underlines the role of innovative solar projects like Cleve Hill in the UK’s journey toward a cleaner, more sustainable energy future. #RenewableEnergy #SolarPower #CleveHillSolarPark #Sustainability #GreenEnergy #ClimateAction #PPAs #Tesco #CarbonNeutrality #UKSolar #EDF #CleanEnergy #EnergyStorage

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Irish Solar Boost: Highfield Secures Major Financing For Renewable Energy Duo

Norbida UK News
Cooperatieve Rabobank Powers Up 132MW with Investment in Clonin North and North Arklow Solar Projects

Highfield Solar Secures Financing for 132MW Irish Solar Projects

Highfield Solar, a joint venture between Ib Vogt, Highfield Energy, and Aura Power, has reached a major milestone by securing project financing for the construction and operation of two new solar projects with a combined capacity of 132MW. Backed by Cooperatieve Rabobank, these projects—Clonin North (70MW) in County Offaly and North Arklow (62MW) in County Wicklow—will play a crucial role in Ireland’s journey toward a greener future.

Set across 70 hectares near Rhode and Arklow, these solar projects will feature cutting-edge bifacial modules on fixed-tilt support structures, maximizing both land use and efficiency. Construction is slated to begin in October 2024, with work on grid connections already in motion.

This isn’t the first time Highfield Solar and Rabobank have teamed up. Their successful track record includes financing 473MW across four major solar projects, driving Ireland’s clean energy transition even further. Both Clonin North and North Arklow secured their positions in the Government of Ireland’s second Renewable Electricity Support Scheme (RESS 2), an initiative aimed at boosting renewable energy investment to help Ireland meet its target of 80% renewable electricity by 2030. 

Local communities are set to benefit too, with over €100,000 in annual funding for the next 15 years through the RESS scheme, supporting local clubs, societies, and community initiatives.

Peter Kavanagh, Managing Director of Highfield Energy, expressed his pride in this achievement: “This marks years of planning and investment. We are excited to contribute to Ireland’s renewable energy goals while bringing significant investment and community benefits to local areas.”

Highfield Solar’s dedication to clean energy and local impact continues to drive the country’s renewable future. #SolarEnergy #RenewableEnergy #CleanEnergy #Sustainability #IrelandGreen #HighfieldSolar #Renewables #GreenFuture #ClimateAction #SolarProjects #CommunityBenefit #EnergyTransition #RESS