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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]

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Sailing Into The Future: Partners Unveil Ambitious 540MW Italian Hybrid Floater Project!

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Charting a Course to Clean Energy: Solar-Wind Hybrid Project Sets Sail for 2028 Debut! 🌞🌬️ [Image: SolarDuck]

🌊⚡ Sailing into the Future: SolarDuck, Green Arrow Capital, and New Developments Unveil Revolutionary Offshore Hybrid Project in Italy’s Gulf of Taranto! 🇮🇹💡

The stage is set for a groundbreaking leap in renewable energy as SolarDuck, Green Arrow Capital, and New Developments join forces to develop a pioneering offshore floating photovoltaic (OFPV) project coupled with a vast floating offshore wind farm. This dynamic partnership is poised to revolutionize Italy’s energy landscape with a combined capacity of 540MW.

Named the Corigliano offshore hybrid wind-solar farm, this visionary project will grace the waters of the gulf of Taranto off the coast of Corigliano-Rossano in Calabria. Anchored by 28 floating turbines, this innovative site will harness the abundant energy potential of both wind and solar resources.

At the heart of the project lies SolarDuck’s innovative elevated platform technology, enabling the deployment of PV panels even in significant wave heights while ensuring a safe working environment for maintenance and minimizing environmental impact. This synergy between wind and solar energy resources not only maximizes energy generation but also underscores the project’s commitment to sustainability.

Currently navigating the permitting process, the Corigliano project is projected to achieve Commercial Operation Date (COD) in 2028. SolarDuck’s Chief Executive, Koen Burgers, expressed his optimism, stating, “With the current momentum, we believe this is a unique opportunity for the offshore renewable energy industry to help shape a favorable regulatory framework and facilitate the scaling of OFPV.”

Daniele Camponeschi, Founder and Chief Information Officer of Green Arrow Capital Group, emphasized the project’s significance, saying, “As pioneers of renewables in Italy, we continually strive to lead the way, exemplified by our innovative offshore projects. These cutting-edge infrastructures not only generate green energy contributing to sustainable energy transition and independence but also demonstrate their complementarity to onshore installations, preserving precious land resources.”

With its potential to serve as a catalyst for OFPV not only in Italy but across the Mediterranean region, the Corigliano project stands as a testament to the power of collaboration and innovation in driving the transition towards a more sustainable future. 🌞🌬️ #RenewableEnergy #SolarPower #WindEnergy #OffshoreWind #Innovation #Sustainability #GreenTech #ItalyRenewables 🚀🌊

 

 

 

 

 

 

Credits: [Image: SolarDuck]

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Solar Symphony: Enfinity Strikes Chord With €25m Funding For Italian Solar Quartet!

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Powering Progress: Sienna Investment Managers Illuminates Enfinity's Italian Solar Quartet with €25m Funding Boost in Lazio, [Image: Enfinity]

🌞💼 Illuminating Italy: Enfinity Global Partners with Sienna Investment Managers for €25m Solar Boost in Lazio! 🇮🇹✨

Enfinity Global has set the stage for a solar revolution in Italy with a groundbreaking €25m finance facility agreement with Sienna Investment Managers (IM). This strategic partnership is poised to construct a formidable 134MW solar portfolio in Lazio, promising a brighter, more sustainable future for the region.

Comprising four expansive solar power plants currently under construction, this ambitious portfolio is scheduled for commissioning in progressive phases starting from the second quarter of 2024. Once operational, it’s projected to unleash a staggering 225GWh of clean energy annually, all under the umbrella of a 10-year solar power purchase agreement with Statkraft.

Enfinity Global’s relentless pursuit of green energy infrastructure has garnered widespread acclaim, with previous financing agreements totaling €162m secured from a consortium of international banks. With the expert guidance of financial advisor Astris, and legal counsel from DLA Piper and Gianni & Origoni, this latest collaboration is poised to elevate Italy’s renewable energy landscape to new heights.

Sienna IM’s Sustainable Infrastructure Debt strategy has already made waves across Europe, financing renewable energy schemes with a combined capacity of 2GW across six countries. Now, with their support, Enfinity Global is poised to further solidify its position as a trailblazer in the green energy sector.

Julio Fournier Fisas, Chief Executive for Europe at Enfinity Global, expressed his enthusiasm, stating: “We are pleased to partner with Sienna Investment Managers for this transaction as we keep progressing in the deployment of green energy infrastructure in Italy. It represents a good example of our ability to attract high-quality asset investments to our portfolios.”

As Enfinity Global continues to spearhead the transition towards sustainable energy solutions, this collaboration serves as a testament to their unwavering commitment to a cleaner, greener future for generations to come. 🌍🌟 #SolarPower #RenewableEnergy #Sustainability #Investment #GreenEnergy #ItalySolar #CleanEnergyFuture #PartnershipGoals 🍃🔆

 

 

 

 

 

 

 

Credit: [Image: Enfinity]

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Vibrant Vows: Vattenfall Seals Solar Success With German PPA Pact!

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Radiant Alliance! Vattenfall's 10-Year Solar Supply Pact Set to Ignite in 2025 with Brandenburg's 46MW Asset Joining the Energy Revolution. [Image: Vattenfall]

☀️🔌 Powering Progress: Vattenfall and Wieland Group Spark Solar Revolution in Germany! 🔆💼

In a monumental move towards sustainability, Vattenfall has forged a dynamic power purchase agreement (PPA) with renowned copper supplier Wieland Group. This transformative 10-year pact not only ensures investment security and price stability but also heralds a new era of risk diversification for both industry titans.

Set against the backdrop of Germany’s renewable energy landscape, the PPA heralds the dawn of a fossil-free future. Commencing in 2025, the agreement will channel the clean, renewable electricity generated by a 46MW solar farm in Nauen, Brandenburg, directly into Wieland’s metalworking processes.

Nestled approximately 40 km west of Berlin, the solar park is poised to become a beacon of sustainability in the region. Currently under development, it’s slated for completion and grid connection by 2025, promising a steady stream of around 46 gigawatt-hours of clean energy annually.

Through this groundbreaking partnership, Wieland-Werke is set to revolutionize its energy footprint, covering approximately 10% of its electricity needs in Germany with renewable energy. This not only underscores their commitment to environmental responsibility but also positions them as leaders in sustainable business practices.

As the world marches towards a greener future, collaborations like these serve as shining examples of the power of innovation and cooperation. Together, Vattenfall and Wieland Group are blazing a trail towards a brighter, more sustainable tomorrow, one watt at a time. ⚡🌍 #RenewableEnergy #SolarPower #Sustainability #PartnershipGoals #CleanEnergyFuture #Innovation #EnvironmentalResponsibility 🌟

 

 

 

 

 

 

 

Credits: [Image: Vattenfall]

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Powering Progress: Better Energy Strikes Solar Gold With Danish Offtake Deal!

Norbida UK News
Shining Together! Better Energy's Pact with Fujifilm Diosynth Biotechnologies to Harness Solar Brilliance from 107MW Project in Soro! ✨ [Image: Better Energy]

🌞🍃 Powering Progress: Better Energy Teams Up with Fujifilm Diosynth Biotechnologies for Danish Solar Milestone! 🌍💡

In a groundbreaking move towards sustainability, Better Energy has sealed a game-changing 10-year power purchase agreement (PPA) with Fujifilm Diosynth Biotechnologies. This landmark deal entails supplying 40GWh of clean, renewable energy annually, kickstarting in July 2025.

The agreement marks a pivotal step in Fujifilm Diosynth Biotechnologies’ commitment to environmental stewardship. By covering the entirety of electricity consumption at their Hillerod biopharmaceutical manufacturing site, including upcoming operations slated for 2024, they’re taking a bold stride towards a greener future.

Nestled near Vedde in the Soro municipality, just 80 km from Hillerod, the forthcoming solar park boasts an impressive capacity of 107MW. This strategic location promises abundant solar energy to fuel the ambitions of both Better Energy and Fujifilm Diosynth Biotechnologies.

Mikkel Thorup, senior director of PPAs at Better Energy, expressed his enthusiasm, stating: “We’ve formed a significant understanding with Fujifilm Diosynth Biotechnologies regarding their commitment to the green transition by powering their global manufacturing facility in Denmark with renewable energy. Not only have they contributed to a new large-scale solar park, but they are striving to reduce their environmental impact and move toward achieving their sustainability targets over the next decade.”

This collaboration is more than just a business deal; it’s a testament to the power of collective action in driving meaningful change. Together, Better Energy and Fujifilm Diosynth Biotechnologies are blazing a trail towards a brighter, more sustainable future for Denmark and beyond. ☀️🌱 #RenewableEnergy #Sustainability #SolarPower #GreenTransition #PartnershipGoals #CleanEnergyFuture #Innovation #EnvironmentalStewardship 🌟

 

 

 

 

 

 

Credit: [Image: Better Energy]

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Shining Bright: Goldbeck Unleashes 61MW Solar Power Gem In Canada!

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Power Play in Alberta! Concord Green Energy Takes Charge of 61MW Solar Jewel, Sparking Bright Beginnings since December 2023! [Image: Goldbeck Solar Investment ]

🌞 Breaking News! Goldbeck Solar Investment shines bright as it sells off 61MW Joffre solar park in Alberta, Canada, to Concord Green Energy! 🍁 #SolarPower #RenewableEnergy #GreenFuture

In a strategic move, Goldbeck, alongside Pathfinder Clean Energy (PACE), seals the deal, marking a milestone in Canada’s renewable energy landscape. 🌱 #CleanEnergy #Sustainability

🔋 With a robust pipeline of projects in Canada, including solar and energy storage, this joint venture is poised to revolutionize the energy sector. #Innovation #FutureTech

Since its inception in December 2023, the Joffre solar plant has been a beacon of sustainability, thanks to Goldbeck Solar North America’s exceptional craftsmanship. 🏗️ #SolarEnergy #PoweringTheFuture

🌎 Concord Green Energy, a pioneer in renewable energy, now adds another feather to its cap, furthering its commitment to a greener tomorrow. #ConcordGreenEnergy #ClimateAction

👏 Boris Beltermann, COO of Goldbeck Solar Investment, expresses delight at the sale, emphasizing shared goals of environmental stewardship and sustainable development. #EnvironmentalStewardship #GreenSolutions

Let’s applaud this monumental step towards a cleaner, greener future! 🎉 #ClimateChange #GoGreen

 

 

 

 

 

 

Credit: [Image: Goldbeck Solar Investment ]

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Exciting Outcomes Unveiled: Gresham House’s Auction Success Story!

Norbida UK News
Charging Ahead: Battery Investment Fund's Process Surpasses Expectations, Clearing at an Impressive £35.79/kW! [Image: Gresham House]

Energizing Success: Gresham House Leads the Charge in the 2023 Capacity Market Auction!🌟

In an electrifying update, the Gresham House Energy Storage Fund, the UK’s premier fund dedicated to investing in utility-scale battery energy storage systems, has just announced its triumph in the 2023 Capacity Market (CM) auction. This significant event concluded on February 20, 2024, with results that spark excitement, clearing at an unexpectedly high £35.79/kW. 🚀

With a strategic win, Gresham House has secured one-year extensions for 13 of its cutting-edge projects, boasting a combined derated capacity of 90.491MW. This achievement isn’t just a number; it’s a milestone that forecasts an additional revenue stream of £3.2 million from October 2024 to September 2025. 💰

But there’s more to this victory than meets the eye. In the intricate world of asset valuation, CM revenues hold a special place. Only those contracts in hand at the valuation date count, making these new contracts a lucrative bonus over existing revenue projections and a boost to the Net Asset Value (NAV). The anticipation builds as the NAV benefit from these contracts will be officially recognized on March 31, 2024. 📈

Gresham House Energy Storage Fund manager, Ben Guest, shares his enthusiasm, “We are thrilled with the outcomes of the latest annual Capacity Market auction and the positive impact we anticipate on our NAV from March 31, 2024.” His words resonate with confidence and a vision for the future. 🌱

Ben highlights the incredible versatility of battery energy storage systems (BESS), capable of adapting swiftly through software adjustments to tap into diverse revenue opportunities—ranging from secured contracts like the CM auction results to dynamic merchant or trading revenues—all without the need for physical alterations. 🌍

As we celebrate these achievements, we’re reminded of the power of innovation and flexibility in shaping a sustainable future. Gresham House Energy Storage Fund is not just storing energy; it’s powering potential, proving that with the right strategy, the future of energy storage is bright and boundless. ⚡

#GreshamHouse #EnergyStorage #CapacityMarket #SustainableInvesting #RenewableEnergy #BatteryStorage #UtilityScale #Innovation #FutureOfEnergy

 

 

 

 

 

 

Credit: [Image: Gresham House]

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Unitil Embarks On A Bright Future: Launching A Pioneering Solar Array Project In The US

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Setting the Gold Standard: New Hampshire's 5MW PV Farm Poised to Be the Largest Solar Milestone in the State [Image: MorgueFile]

Illuminating a Sustainable Future: Unitil’s Groundbreaking 5MW Solar Project in New Hampshire

               Unitil Corporation is paving the way to a brighter, greener future with the initiation of an ambitious solar energy project in Kingston, New Hampshire. Destined to be the state’s largest solar initiative, this 5MW project stands as a beacon of progress in renewable energy efforts. Spread across 36 acres of untapped land off Towle Road, the project features a staggering array of 11,232 panels, generating a formidable 4.9MW of power. This venture marks a historic moment as the first solar array owned and operated by a regulated distribution utility company in New Hampshire, showcasing a significant step forward in sustainable energy development. In a move that underscores Unitil’s dedication to renewable energy, the company has chosen ReVision Energy, a leader with 20 years of award-winning solar expertise in New England, as its partner for engineering, procurement, and construction services. Alec O’Meara, Unitil’s External Affairs Director, expresses enthusiasm about the project: “This is more than a solar array; it’s a commitment to our customers and the planet. We’re harnessing the power of the sun to deliver stable, affordable, and eco-friendly energy. It’s all about creating a sustainable future that benefits everyone.”

               Located near an electrical substation, the solar power generated will flow directly into Unitil’s distribution system, significantly reducing the reliance on grid energy. With an expected completion in 2025, the array will initially produce an estimated 9.7 million kilowatt-hours of power annually, averaging 8.6 million kilowatt-hours over its 40-year lifespan. Thanks to innovative single-axis tracking technology, the panels will follow the sun’s path across the sky, maximizing energy capture and efficiency. The Kingston solar project received the green light from the New Hampshire Public Utilities Commission in May 2023, with all necessary permits now in place. This project not only aligns with New Hampshire’s renewable energy legislation but also exemplifies Unitil’s capacity to develop up to 18MW of renewable generation, further solidifying its role as a leader in the transition to sustainable energy. Dan Weeks, Vice President of Business Development at ReVision Energy, highlights the broader impacts: “This project is a win-win for the community and the environment. Beyond the substantial savings for ratepayers and the creation of local jobs, we’re making a significant dent in carbon emissions. It’s an honor to collaborate with Unitil on this transformative journey towards a more sustainable and resilient future.” This initiative follows Unitil’s first foray into solar with the 2017 Solarway project in Fitchburg, Massachusetts, which saw the installation of over 3,700 panels. As we look towards the Kingston project’s bright future, it’s clear that Unitil is not just generating power but leading the charge in the renewable energy revolution.#RenewableEnergy #SolarPower #Sustainability #GreenTech #NewHampshireSolar #UnitilSolarProject #EcoFriendlyEnergy #SolarInnovation

 

 

 

 

 

 

Credit: [Image: MorgueFile]

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UK Charts A Bold New Course: Exiting The Energy Charter Treaty For A Greener Future

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Empowering Change: Government's Withdrawal from Energy Charter Treaty Paves the Way for Net Zero Transition and Enhanced Energy Security [Image: Parliamentwiki]

UK Sets a New Climate Agenda: Departing the Energy Charter Treaty for a Greener, Secure Future

In a bold move marking a pivotal moment for its environmental and energy policy, the UK government has announced its decision to exit the Energy Charter Treaty (ECT), a step that underscores its commitment to accelerating the transition to net zero and bolstering national energy security. This strategic withdrawal aligns the UK with nine EU member states, including powerhouses like France, Spain, and the Netherlands, signaling a collective shift towards more sustainable and autonomous energy policies.

The ECT, established in 1994, was initially crafted to foster international investment in the energy sector, offering substantial protections for investments, predominantly in fossil fuels. However, the treaty’s compatibility with the urgent global shift towards cleaner, renewable energy sources has been increasingly questioned. Efforts to modernize the ECT to embrace cleaner technologies and support the net zero transition have been mired in protracted discussions, ultimately hitting a deadlock.

Graham Stuart, the UK’s Minister for Energy Security and Net Zero, highlighted the treaty’s obsolescence and the fruitless negotiations for its renewal. Stuart emphasized that remaining tethered to the ECT would not only hinder the UK’s path to cleaner energy but potentially penalize its leading efforts to achieve net zero emissions. “With £30bn invested in the energy sector since September alone, the UK continues to spearhead global emissions reduction, attracting international investment and offering robust legal protections for investors,” Stuart remarked.

Despite previous UK-led efforts to broker a modernized version of the ECT that would retain its benefits while extending protections to renewable energy investments, such as carbon capture, utilization, storage (CCUS), and hydrogen, a consensus could not be reached. The proposed updates, aimed for adoption in November 2022, were ultimately rejected by nine EU member states, including France, Germany, Spain, and the Netherlands, all of which have since opted to withdraw.

The impending European Parliament elections in 2024 cast further uncertainty on the treaty’s modernization efforts, potentially delaying any progress indefinitely. After thorough consultations with businesses, industry stakeholders, and civil society, the UK government is set to formally initiate its withdrawal from the ECT. This process will culminate in one year, thereafter eliminating protections for new investments under the treaty.

Shaun Spiers, Executive Director of the Green Alliance, lauded the UK’s decision, recognizing it as a significant victory for global climate action. “Civil society organizations and parliamentarians across the spectrum have long criticized the ECT as outdated and counterproductive to climate change mitigation efforts. The UK’s departure from the treaty strengthens the global push towards affordable, clean, and renewable energy,” Spiers stated.

This strategic pivot not only reaffirms the UK’s leadership in the global climate change arena but also propels forward its commitment to a sustainable, secure energy future, free from the constraints of outdated international agreements.

#UKEnergyPolicy #NetZeroTransition #SustainableFuture #EnergyCharterTreaty #ClimateAction #RenewableEnergy #GlobalLeadership

 

 

 

 

 

 

Credit: [Image: Parliamentwiki]

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Accelerating The Green Revolution: How COP28 Energizes The Shift To Renewable Energy

Norbida UK News
Shaping the Future of Energy: BayWa r.e.'s Groundbreaking Survey Invites European Businesses to Voice Their Challenges in the Fossil Fuel Departure [Image: BayWa r.e.]

Transforming the Future: European Business Leaders Rally Behind COP28 for a Renewable Energy Surge

               In an era where the shift to renewable energy is not just preferable but essential, the upcoming COP28 stands as a beacon of hope and a catalyst for change. A recent survey conducted by BayWa r.e. reveals an optimistic tide among European business leaders, with a significant 67% in agreement that the outcomes of COP28 will fast-track the renewable energy transition. However, it’s not without its skeptics; 13% fear it may impede progress. The survey, which canvassed over 2,500 business decision-makers across Germany, the UK, Italy, Spain, and France, illuminates the diversity of opinions and challenges that dot the European landscape. While the majority are in favor of accelerating the green transition, there’s a palpable concern about the pace, especially when it comes to phasing out fossil fuels—a priority that must be addressed head-on in 2024.

               But how does sentiment vary across Europe? The survey sheds light on differing perspectives:
– In Germany, a cautious 22% believe COP28 might not significantly influence the green transition.
– French business leaders are more pessimistic, with 17% anticipating a slowdown in the transition within their borders. Who’s responsible for steering this green ship? The survey points to national governments (21%) as the primary drivers, though the responsibility also heavily lies with regional organizations (17%), businesses, and citizens (16% each). Interestingly, Spanish business leaders view themselves as key players (21%), while their UK counterparts lean towards regional organizations (20%), despite Brexit. Matthias Taft, CEO of BayWa r.e., underscores the urgency: “We are already more than a third of the way through the decade that matters. Our research highlights the vast challenges we face in accelerating the renewable transition in time.” Encouragingly, European businesses aren’t just spectators in this journey; 80% have embraced green energy strategies, though nearly half (48%) are in the early stages of implementation. The road ahead is fraught with barriers—from the availability of green energy supply and infrastructure (26%) to bureaucratic and cost hurdles. The survey also uncovers unique challenges in different countries, such as skills shortages in France (27%), lack of commitment in Spain (27%), and consumer apathy in Germany (28%). As we stand on the brink of COP28, this survey from BayWa r.e. not only highlights the consensus among European business leaders about the event’s potential to boost the renewable transition but also the myriad challenges that need to be tackled. With a collective effort, there’s hope that this transition can be achieved, making our planet safer and more sustainable for future generations. #COP28 #RenewableEnergy #SustainableFuture #GreenTransition #EuropeanLeaders #BayWareSurvey #EcoOptimism #ClimateAction

 

 

 

 

 

 

Credit: [Image: BayWa r.e.]