Tag: Green Future

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How Greenbacker Raked in a Whopping $181 Million in Revenue in 2023

Norbida UK News
Greenbacker Powers Ahead: Surging Year-On-Year Growth In Operating Capacity And Clean Energy Generation [Image: Greenbacker]

 

Unlocking Growth: Greenbacker’s Renewable Energy Triumph in 2023

Greenbacker Capital Management’s renewable energy arm saw an electrifying surge in 2023, boasting a staggering $181 million in operating revenue. What fueled this remarkable achievement? A whopping 38% uptick in solar power generation, setting a new standard for sustainable energy production.

But that’s just the beginning. With the addition of new solar assets, Greenbacker’s clean energy output soared to an impressive 2.5 million megawatt-hours, marking a 7% increase from the previous year. And it doesn’t stop there – the company ramped up its operational capacity by a remarkable 24%, unveiling two of its largest solar farms yet: the monumental MTSun solar farm in Montana and the groundbreaking Fall River solar farm in South Dakota.

However, every success story encounters hurdles, and Greenbacker’s journey was no exception. Three wind assets temporarily went offline for revitalization with cutting-edge equipment. But fear not – these projects are now back online, primed to contribute a staggering $24.2 million to annual revenue in 2024.

Behind these remarkable achievements lies a strategic backbone: $134.6 million from long-term Power Purchase Agreements (PPAs) and a meticulously managed financial structure. Despite a loss of $11.5 million in funds from operations, Greenbacker’s Adjusted EBITDA demonstrates resilience and strategic foresight.

Yet, amidst the triumphs, challenges emerge. A net loss of approximately $79.5 million, driven by non-cash factors, underscores the complexities of the renewable energy landscape. Nonetheless, compared to previous periods, Greenbacker’s trajectory remains one of relentless progress and innovation.

In retrospect, from modest beginnings to meteoric growth, Greenbacker’s journey epitomizes the spirit of sustainability and resilience. As the world embraces renewable energy, Greenbacker stands at the forefront, a beacon of progress in the quest for a greener future. #RenewableEnergy #SolarPower #GreenbackerSuccess #SolarFarms #GreenEnergyExpansion #RenewableRevival #GreenbackerFuture

 

 

 

 

 

 

Credit: [Image: Greenbacker]

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Illuminating Progress: Iqony Achieves Milestone With 25MW Solar Farm In Germany

Norbida UK News
Rays of Resilience! Iqony Overcomes Obstacles to Build 25MW German Solar Farm in Record Time [Image: SENS]

 

Breaking Ground: Iqony Sparks Success with 25MW Solar Farm in Germany

In a triumph of determination and innovation, Iqony has reached a significant milestone by completing construction of a 25MW solar farm in the picturesque district of Heidenheim, Germany, for their esteemed client Vento Ludens. 

Since breaking ground in March 2023, the project has been a testament to resilience and ingenuity. Despite challenging rocky ground conditions, the dedicated team at Iqony Solar Energy Solutions (SENS) pressed on, installing a remarkable 45,000 solar modules to power the future with clean energy. 

Navigating the rocky terrain was no easy feat, but with relentless determination and innovative solutions, the team at SENS rose to the challenge. Christian Muller, project manager for the Kupfendorf solar park at SENS, lauds the team’s efforts: “Without the innovative and solution-oriented thinking of the experienced team on site, we would not have completed the project within less than a year.” 

From drilling through tough ground to securely anchoring the module substructure, every step of the journey was met with expertise and dedication. And the result? A shining testament to what can be achieved when passion and perseverance collide. 

As the solar farm stands tall, ready to harness the power of the sun, it serves as a beacon of hope for a brighter, more sustainable future. Join us in celebrating this remarkable achievement as we continue to pave the way towards a greener tomorrow!  #Iqony #SolarPower #RenewableEnergy #Innovation #SustainabilitySuccess

 

 

 

 

 

 

 

Credit: [Image: SENS]

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Low Carbon And Lloyds Seal Solar PPA Deal In The UK

Norbida UK News
Charged for Change! Lloyds Bank Commits to Clean Energy Future, Securing Electricity from Two UK Sites in 10-Year Pact [Image: Low Carbon]

 

 Powering Progress: Low Carbon and Lloyds Banking Group Join Forces for Renewable Energy Revolution! 

In a groundbreaking move towards sustainability, Low Carbon has sealed a corporate power purchase agreement (PPA) with Lloyds Banking Group. Over the next decade, Lloyds will be purchasing a whopping 50GWh of clean electricity annually from Low Carbon, marking a significant step towards a greener future. 

Where will this clean energy come from? Low Carbon’s Meadow Solar Farm in Hampshire and Pepperhill Solar Farm in Shropshire, UK, will be the powerhouses behind this transformation. Set to commence production in 2025, these solar farms will be instrumental in driving down carbon emissions, avoiding over 21,000 tonnes of CO2 each year! 

EDF Business Solutions will be the driving force behind bringing this clean energy to market, ensuring that Lloyds Banking Group’s UK properties are powered by renewable sources. 

Marco Verspuij, Head of Power Management at Low Carbon, emphasizes the importance of this partnership: “Transitioning away from fossil fuels to renewable energy by developing different finance options is critical if we are to make progress on tackling climate change.” 

Dave Blott, Future Ways of Working Director at Lloyds Banking Group, echoes this sentiment: “We are committed to reducing the carbon emissions we generate through our own operations to help Britain prosper, and this PPA helps us realize this ambition.” 

This collaboration not only accelerates Lloyds Banking Group’s transition to cleaner, renewable energy but also strengthens Low Carbon’s mission to deploy large-scale renewable infrastructure globally. Together, they’re paving the way for a brighter, more sustainable tomorrow!  #RenewableEnergy #Sustainability #CleanEnergyFuture #SolarPower #CollaborationForChange

 

 

 

 

 

 

Credit: [Image: Low Carbon]

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Solar Power Soars: Downing Secures Approval For 50MW Project In Norfolk

Norbida UK News
Nature's Oasis Unveiled! Downing's 50MW Solar Project near Marshland St James Promises Thriving Biodiversity Across 54-Hectare Haven [Image: Unsplash/Chelsea]

Downing Shines Bright: Planning Green Light for 50MW Solar Farm in Norfolk! 

Downing Renewable Developments is lighting up the path to a greener future with its latest triumph – the Meerdyke Solar Farm in Norfolk! With planning consent secured, this 50MW solar farm is set to make a monumental impact as part of Downing’s impressive 6GW development pipeline across the UK. 🇬🇧

But it’s not just about clean energy – it’s about nurturing nature too! Covering 54 hectares, Meerdyke will blossom into a haven for biodiversity, boasting a remarkable 176% biodiversity net gain. 

What sets Downing apart? It’s their commitment to community and compassion. Beyond generating renewable energy, they’re dedicated to uplifting local residents by offering free domestic solar installations each year, prioritizing those in need. 

Tom Williams, Partner and head of energy and infrastructure at Downing, expresses his excitement: “Downing Renewable Developments is an important part of our business, and we are delighted with their latest success.” 

Tony Gannon, Head of Downing Renewable Developments, shares his enthusiasm: “Receiving this planning consent is a major milestone for us, but more importantly, this project will contribute to reaching UK net zero targets and offer significant benefits to the local area.” 

With over 25 sites in the pipeline and a commitment to invest over £4 billion in the next decade, Downing is not just envisioning change – they’re making it happen. Join them on their journey to a brighter, more sustainable tomorrow! #DowningRenewable #SolarPower #Biodiversity #GreenEnergy #CommunityImpact #NetZeroUK

 

 

 

 

 

 

Credits: [Image: Unsplash/Chelsea]

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Shining Bright: NextEnergy Capital Sparkles With $100m Secured For Solar Fund

Norbida UK News
NPV ESG sets its sights high, aiming for a $1.5bn target with a $2bn hard cap! Already soaring with $580m in commitments and counting! [Image: NextEnergy Capital]

Breaking Boundaries: NextEnergy Capital Empowers Sustainable Future with $100m Boost for NPV ESG Strategy! 

NextEnergy Capital (NEC) is revolutionizing the renewable energy landscape once again! With a fresh injection of $100 million, their fifth strategy, NPV ESG, is set to soar to new heights. 

NPV ESG isn’t just another fund – it’s a game-changer. Focused on OECD markets, this solar and battery storage strategy aims for the stars with a target of $1.5 billion and a hard cap of $2 billion. And guess what? They’ve already secured a staggering $580 million in commitments! 

Joining the ranks of NPV ESG investors are prestigious names like KLP, a German occupational pension fund, and a major Nordic pension fund. But that’s not all – more investors are lining up, eager to jump on board and be a part of this groundbreaking initiative. 

What sets NPV ESG apart? It’s not just about financial returns – it’s about making a lasting impact. With a focus on solar plus infrastructure projects in OECD markets, NPV ESG is driving the shift towards clean energy while creating value for investors. 

And the journey has already begun! With a 100MW solar project underway in Florida, USA, and a robust pipeline boasting 18GW of potential, NPV ESG is poised for success on a global scale. From Spain to Canada, the future of renewable energy looks brighter than ever! 

Michael Bonte-Friedheim, CEO and Founding Partner of NextEnergy Group, is thrilled about the latest milestone: “I am very pleased to announce a further close for NPV ESG, with a commitment from a new institutional investor for our strategies.” 

With NPV ESG leading the charge, the future of sustainable energy has never looked more promising. Join us as we embark on a journey towards a greener, brighter tomorrow!  #NextEnergyCapital #RenewableEnergy #Sustainability #NPVESG #SolarPower #CleanEnergyRevolution

 

 

 

 

 

 

 

Credit: [Image: NextEnergy Capital]

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Empowering The Future: Sonnedix Acquires 49MW Solar Power Portfolio In Portugal!

Norbida UK News
Sonnedix makes a radiant debut in Portugal with its latest solar acquisition, illuminating new horizons in renewable energy! [Image: Sonnedix]

 

🌞 Exciting News! Sonnedix Powers Up in Portugal with 49MW Solar Portfolio Acquisition 🇵🇹

Sonnedix, a global player in renewable energy, is breaking ground in Portugal with its latest acquisition – a dazzling 49MW solar portfolio! 🌍☀️

Teaming up with Cubico Sustainable Investments, Sonnedix has secured four solar farms spread across the sunny landscapes of Evora, Setubal, and Faro. These projects, operational since 2012-2014, symbolize a bold leap into Portugal’s thriving renewable energy sector. 💡

What’s powering Sonnedix’s success in Portugal? It’s all about stability and sustainability. Backed by the Portuguese government’s feed-in-tariff scheme, these projects ensure long-term revenue certainty while mitigating market risks. 💰🔒

Mario Volpe, Sonnedix’s Head of Growth for Southern Europe, is thrilled about the leap: “This acquisition is a game-changer for Sonnedix in Portugal. With immediate operational capacity and secure revenues, we’re poised to make a significant impact on the green energy grid.” 🌱🔌

But it doesn’t stop there! Sonnedix’s CEO, Axel Thiemann, sees Portugal as a hotspot for renewable energy growth. With a stable regulatory framework and strategic positioning in Iberia, Sonnedix is set to lead the charge towards a greener, more sustainable future. 🚀🌿

Join us as we harness the power of the sun and pave the way for a brighter tomorrow! ☀️💚 #Sonnedix #RenewableEnergy #SolarPower #Portugal #Sustainability #GreenEnergy #SolarPortfolio #FutureIsBright

 

 

 

 

 

 

Credit: [Image: Sonnedix]

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Powering Progress: BayWa’s Record Sale Of 10GW Solar Modules and Inverters In 2023!

Norbida UK News
Breaking Barriers: BayWa Achieves Record-Breaking Sales of 10GW Solar Modules and Inverters for the First Time! [Image: BayWa]

BayWa Solar Trade Shines Bright with Record-Breaking Sales of 10,000MW in 2023!

In a remarkable feat, leading photovoltaic distributor BayWa Solar Trade achieved an unprecedented milestone by selling over 10,000MW of modules and inverters combined in 2023. Despite facing challenging market conditions worldwide, BayWa Solar Trade not only maintained but also significantly increased its sales volume across major product categories, including storage systems, wall boxes, mounting systems, and its own brand novotegra.

This historic achievement marks the first time BayWa Solar Trade has surpassed the 10,000MW mark in its history, reflecting the company’s resilience and strategic expansion efforts. Throughout 2023, BayWa Solar Trade focused on penetrating new markets, with successful market entries in Greece, Latvia, Brazil, and Colombia, in addition to strengthening its presence in Europe through increased warehouse capacities and new sales offices in Romania, Bulgaria, Slovakia, Estonia, and Lithuania.

Frank Jessel, CEO of BayWa Solar Trade, expressed pride in the company’s accomplishments, stating, “Last year was challenging, but with our commitment and strategic focus, we were able to reach the 10GW milestone in module and inverter sales, which is a great result. This year, we will continue to drive success by further unlocking our digital potential and improving our customer journey, particularly in e-commerce, where we have recorded more than a 53% increase in sales last year. The whole Solar Trade team, whose dedication is exceptional, looks forward to continuing to thrive in 2024 and beyond.”

BayWa Solar Trade’s outstanding performance in 2023 not only underscores its market leadership but also highlights its dedication to innovation, customer satisfaction, and sustainable growth. As the company embarks on a new year, its commitment to excellence and continuous improvement remains unwavering, setting the stage for continued success in the renewable energy sector.

#BayWaSolarTrade #RecordSales #RenewableEnergy #SolarPower #Innovation #CustomerSatisfaction #DigitalTransformation #MarketExpansion #SustainableGrowth

 

 

 

 

 

 

Credits: [Image: BayWa]

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Powering Progress: EnBW Launches Construction Of New PV Site In Germany!

Norbida UK News
Shining Bright: An 80MW Solar Park Lights Up 30,000 Homes with Sustainable Energy! [Image: EnBW/Uli Deck]

EnBW Breaks Ground on Baden-Württemberg’s Largest Solar Park!

EnBW, a leading energy provider, recently celebrated the start of construction for Baden-Württemberg’s most significant solar park yet. This impressive 80MW array, located south of Wilflingen in Langenenslingen, Germany, marks a significant step forward in sustainable energy production.

The solar park, scheduled to be operational by mid-2025, is expected to generate enough clean energy to power approximately 30,000 households. This milestone event was commemorated with a groundbreaking ceremony attended by local citizens, district administrator Mario Glaser, and Langenenslingen’s mayor Andreas Schneider.

Mario Glaser expressed pride in the region’s contribution to the energy transition, stating, “With this solar park, we are putting Langenenslingen firmly on the map.” Mayor Schneider echoed this sentiment, emphasizing the project’s role in shaping the energy landscape and strengthening the local community.

EnBW’s dedication to sustainability is evident in its collaboration with project developer SolNet GmbH to ensure environmentally friendly practices throughout the planning and construction phases. The project’s swift progress is credited to collaborative efforts and unanimous support from municipal and local councils.

Thorsten Jörß, responsible for solar park projects at EnBW, acknowledged the significance of local partnerships and efficient decision-making processes. “Even a project as big as this can be realized swiftly if everyone pulls together as a team,” Jörß commented.

In addition to its environmental benefits, the solar park is expected to reduce carbon emissions by approximately 54,500 metric tons per year once operational. EnBW has also implemented compensatory measures to preserve native habitats and biodiversity, including landscape conservation initiatives and habitat development.

This groundbreaking project represents a significant milestone in Germany’s renewable energy journey, showcasing the power of collaboration, innovation, and commitment to a sustainable future. Stay tuned for updates as the solar park progresses towards commissioning and full-scale operation in 2025!

#EnBW #SolarPark #RenewableEnergy #Sustainability #EnergyTransition #CleanEnergy #EnvironmentalImpact #CommunityEngagement #GreenFuture #SolarPower

 

 

 

 

 

 

Credit: [Image: EnBW/Uli Deck]

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Rising With Radiance: Nautical SUNRISE Powers OranjeWind Floating Solar Farm!

Norbida UK News
Dive into Innovation: 5MW Array Set to Illuminate RWE's 800MW Offshore Wind Project in the Netherlands! [Image: SolarDuck]

Introducing the Nautical SUNRISE project: paving the way for sustainable energy solutions with a 5MW offshore floating solar system at RWE’s 800MW OranjeWind wind farm in the Netherlands! 🌞💨

Supported by the Horizon Europe programme, this €8.4m initiative is set to revolutionize offshore floating solar (OFS) technology, driving research and development for efficient and reliable systems. #NauticalSUNRISE #RenewableEnergy #OffshoreSolar #SustainableFuture #HorizonEurope

RWE’s investment in installation and integration, along with SolarDuck’s cutting-edge solar panels, marks a significant step towards large-scale deployment and commercialization of OFS. #RWE #SolarDuck #CleanEnergy

Environmental impact is a top priority, with thorough assessments planned to ensure ecological sustainability across the project’s lifecycle. #EnvironmentalImpact #Sustainability #GreenTechnology

Join us as we embark on a journey towards a greener, more sustainable future with offshore floating solar systems! 🌍☀️ #GreenRevolution #SustainableTech #SolarPower #WindEnergy #CleanTech

 

 

 

 

 

 

 

Credits: [Image: SolarDuck]

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Shining Brightly: Low Carbon And Lloyds Partner For UK Solar Power Purchase Agreement (PPA)!

Norbida UK News
Powering Forward: Lloyds Banking Group Commits to Clean Energy with 10-Year Solar Power Purchase Agreement in England! [Image: Low Carbon]

Low Carbon and Lloyds Banking Group Team Up for Renewable Energy Breakthrough!

In a groundbreaking move towards sustainability, Low Carbon and Lloyds Banking Group have signed a game-changing corporate power purchase agreement (PPA). Over the next decade, Lloyds Banking Group will procure 50GWh of clean electricity annually from Low Carbon, marking a significant leap forward in their commitment to green energy.

The electricity will be sourced from Low Carbon’s cutting-edge solar farms, including the 49MW Meadow Solar Farm in Hampshire and the Pepperhill Solar Farm in Shropshire, both located in the UK. Production at these sites is slated to commence in 2025, delivering a substantial boost to renewable energy generation in the region.

Partnering with EDF Business Solutions, Low Carbon will ensure seamless delivery of energy from the solar farms to power Lloyds Banking Group’s UK property estate. This initiative is projected to prevent over 21,000 tonnes of CO2 emissions annually, contributing significantly to environmental conservation efforts.

This collaboration not only strengthens the existing relationship between Low Carbon and Lloyds Banking Group but also underscores their shared vision of deploying large-scale renewable infrastructure globally. As a key player in Low Carbon’s multi-bank finance facility, Lloyds Banking Group has been instrumental in supporting the development of a 1GW portfolio of solar projects in the UK and the Netherlands.

Marco Verspuij, Low Carbon’s head of power management, highlighted the importance of transitioning to renewable energy and praised Lloyds Banking Group for their partnership in driving this critical shift. He emphasized that commercial banks and renewable energy developers working together can pave the way for meaningful progress in combating climate change.

Dave Blott, Future Ways of Working Director at Lloyds Banking Group, expressed excitement about the impact of this partnership, stating that the PPA will accelerate their transition towards cleaner, renewable energy. He reiterated the group’s commitment to reducing carbon emissions and contributing to a sustainable future for Britain.

This collaboration sets a powerful precedent for the financial and renewable energy sectors, showcasing the transformative potential of strategic partnerships in advancing sustainable practices and mitigating climate change.

#LowCarbon #LloydsBankingGroup #RenewableEnergy #SolarPower #Sustainability #ClimateAction #GreenFuture #PowerPurchaseAgreement #CleanEnergyTransition

 

 

 

 

 

 

 

Credit: [Image: Low Carbon]