Tag: Green Energy

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

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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

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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

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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

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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

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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

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Mainstream Seals The Deal: 50MW Solar Power Plant Set To Shine Bright

Norbida News UK
Empowering South African Businesses: New Solar Plant to Deliver Flexible Energy Contracts for a Sustainable Future

Mainstream Renewable Power Secures Financial Close for 50MW Ilikwa Solar Plant in South Africa 

Mainstream Renewable Power has officially reached financial close on its 50MW Ilikwa solar plant in South Africa, a game-changing development set to energize businesses with affordable, clean energy. The Ilikwa plant will supply multiple commercial and industrial customers through flexible, shorter-term power purchase agreements (PPAs) under an innovative new product called Renewable Energy Supply Agreements (RESAs). This breakthrough offers businesses more control by providing contracts between 5 and 10 years, allowing them to lock in sustainable energy solutions without long-term commitments.

Hein Reyneke, Mainstream’s General Manager for Africa, shared the company’s enthusiasm:
“We are excited to bring this new product to market, offering customers the opportunity to secure flexible, clean, and lower-cost electricity.”With a 12GW project portfolio, Mainstream is solidifying its leadership in South Africa’s renewable energy landscape. 180MW of new projects are also set to begin construction in 2025, giving even more businesses the chance to switch to sustainable power.Investec plays a vital role in the Ilikwa project, providing development, debt, and equity finance. Mainstream holds a 70% equity stake, with Investec taking a 30% share. The Ilikwa solar PV plant, located in Free State province, is already under construction and is expected to become operational by early 2026. This milestone marks Mainstream’s second successful private PPA-based solar plant within the past year, showcasing the company’s commitment to empowering businesses with clean energy solutions. #RenewableEnergy #SolarPower #GreenEnergy #SouthAfrica #MainstreamRenewable #EnergyInnovation #SustainableBusiness #CleanEnergyFuture #FlexibleEnergy #SolarEnergySolutions #CommercialPPAs #IlikwaSolar #InvestecPartnership

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Evecon And Mirova Unveil Cutting-Edge 77MW Solar Park In Estonia

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Spanning an impressive 110 hectares, this groundbreaking project is set to double the capacity of Estonia's largest solar facility

Evecon and Mirova Unveil Estonia’s Largest Solar Park, Powering 35,000 Households

In a major step toward renewable energy dominance, Estonian energy company Evecon and asset manager Mirova have launched a state-of-the-art 77MW solar park in Kirikmäe, Pärnu County. This massive project spans nearly 110 hectares—over twice the size of Estonia’s largest existing solar facility. The Kirikmäe solar park is part of the Baltic Renewable Energy Platform (BREP), a joint venture established by Evecon and Mirova in December 2022. The goal? To finance, construct, and operate a portfolio of solar parks that exceed 100MWp in capacity across Estonia.

With enough power to meet the annual energy needs of 35,000 households, the Kirikmäe solar park marks a new era for renewable energy in the Baltics. Karl Kull, CEO of Evecon, calls the project “a landmark event for the entire region,” highlighting its scale and the substantial investment it represents. Kull also noted that within a single week, Evecon and Mirova have added over 100MW of solar capacity to the local market, with the recent openings of the Imavere and Lohu mets solar parks. This surge in production accounts for about 10% of Estonia’s current total solar output—a game-changer for the country’s renewable energy landscape. Raphael Lance, head of energy transition funds at Mirova, expressed pride in contributing to the decarbonization and energy independence of the Baltics. He emphasized the strong partnership between Mirova and Evecon, which has made this milestone possible. The Kirikmäe project will feature 117,600 solar panels, each with a power range of 655–665W, supplied by Canadian Solar. With such a large-scale development, Estonia is positioning itself as a leader in the renewable energy sector in Northern Europe. #RenewableEnergy #SolarPower #EstoniaEnergy #GreenEnergy #SustainableFuture #EnergyIndependence #Decarbonization #BalticEnergy #CleanEnergyRevolution #SolarInnovation

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Low Carbon Powers Up The UK With 133MW Of New Solar Farms

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Four New Solar Projects, Including the 49.9MW Layer Array, Set to Accelerate the UK’s Path to Net-Zero

Low Carbon Powers Up the UK’s Clean Energy Revolution with 133MW of Solar Projects 

Low Carbon has successfully brought to life four large-scale solar farms across the UK, adding an impressive 133MW of green energy to the nation’s power grid. This major milestone is a significant step forward in helping the UK meet its ambitious climate goals. Leading the charge is Low Carbon’s Layer Solar Farm in Essex, delivering 49.9MW of clean electricity through its cutting-edge infrastructure, complete with a newly constructed 132kV substation. This powerhouse project is set to energize the region, connecting sustainable energy directly to the grid.

The energisation doesn’t stop there! The other three solar assets—23MW Crouch, 25MW Maldon Wycke, and 35MW Links solar farms—are now online, collectively bolstering the UK’s decarbonisation strategy and paving the way for a greener future.  This latest achievement comes hot on the heels of a momentous summer for Low Carbon. In July, the company secured development consent for its 500MW Gate Burton Energy Park in Lincolnshire—one of the UK’s most significant solar projects to date. Adding to its success, Low Carbon recently won 180MW of new solar capacity in the government’s Contracts for Difference AR6 auction, further cementing its role as a key player in the renewable energy sector.  “Our dedicated team has made excellent progress in recent months, bringing our projects to fruition and delivering a major boost to the grid,” said Low Carbon CEO and founder, Roy Bedlow. “The UK just became the first G7 country to eliminate coal power, and we’re proud to contribute to this landmark achievement. With more projects coming online soon, we are committed to helping the government achieve its 2030 Clean Power Mission.”  Over the past year, Low Carbon’s operational assets have produced over 120GWh of renewable energy worldwide, a vital contribution to the fight against climate change. As the world pushes for a cleaner, more sustainable energy future, Low Carbon’s efforts are lighting the way. #RenewableEnergy #SolarPower #NetZero #CleanEnergy #ClimateAction #Sustainability #Decarbonisation #GreenFuture #EnergyRevolution

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Acciona Energía Powers Up Spain With 47MW Hybrid Renewable Milestone

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Boosting Green Energy! Acciona Energía amplifies its renewable impact by adding a solar array to the existing 26MW Peralejo wind farm in Cuenca, creating a powerhouse hybrid plant for a cleaner, greener future!

Acciona Energía Completes 47MW Hybrid Renewable Energy Plant in Spain 

Acciona Energía has successfully completed a new hybrid renewable energy plant in Spain, further strengthening the country’s sustainable energy infrastructure. The project combines a 19.7MW solar array with the pre-existing 26MW Peralejo wind farm located in the municipalities of Villalba del Rey and Tinajas, Cuenca.

This innovative development is Acciona’s second hybrid plant where two renewable technologies share a single connection point, allowing for optimized grid use. By integrating both wind and solar energy, the plant minimizes dependence on specific weather conditions, ensuring a more consistent and reliable energy output.

Additionally, the shared infrastructure—such as power lines, substations, and access roads—reduces the need for new construction, significantly lowering the environmental footprint compared to separate projects.

During its peak construction phase, the project provided over 100 local jobs, contributing to the community’s economic development. Acciona Energía’s hybridisation efforts also include its first hybrid project, Escepar (29.4MW solar and 36MW wind), and the Bolarque solar plant (50MW), both of which are in Villalba del Rey and Tinajas. #RenewableEnergy #SolarPower #WindEnergy #SustainableFuture #AccionaEnergia #HybridEnergy #GreenTransition #CleanEnergy #SpainRenewables #JobCreation