Tag: Powering Tomorrow

Categories
News

LGIM Pledges £25 Million To Supercharge National Trust’s Renewable Energy Revolution

Norbida UK News
Empowering Green Futures: LGIM's £25M Investment Ignites National Trust's Journey to Net Zero with Innovative Solar and Hydropower Projects [Image: National Trust/Catherine Hayburn]

 

 A Brighter Tomorrow: LGIM and National Trust Forge a £25 Million Alliance for Renewable Energy

In an inspiring stride towards sustainability, Legal & General Investment Management (LGIM) has embarked on a £25 million venture with the National Trust, marking a pivotal moment in the UK’s conservation and renewable energy sectors. This partnership is set to unleash a wave of renewable energy projects across National Trust estates, propelling the esteemed conservation charity toward its ambitious net zero by 2030 target.

 Powering Conservation with Innovation

The heart of this initiative beats strong with a commitment to harnessing the power of nature through cutting-edge solar and hydropower projects. The National Trust, a venerable institution in the realm of conservation, has long championed the fight against climate change. Through meticulous stewardship of lands that sequester carbon and the transition away from fossil fuels, the Trust has been a beacon of hope and action. With over 140 renewable projects completed in the past decade, this new influx of funds promises to accelerate their green energy journey.

 A United Front Against Fossil Fuels

This landmark investment aligns with the unveiling of the Legal & General Future World ESG Developed Fossil Fuel Exclusions Index Fund. Crafted in harmony with the National Trust, this fund represents a bold leap forward in ethical investing. Its strategy is clear: to diminish investors’ exposure to fossil fuel entities and high-carbon emitters, paving the way for sustainable, long-term financial growth.

 Energizing the Future

Dabinder Hutchinson, the National Trust’s Director of Finance, encapsulated the enthusiasm surrounding this partnership. The Trust’s commitment to decarbonizing its estate and embracing renewable energy is not just a mission; it’s a necessity. Hutchinson’s vision extends beyond the Trust’s own goals, aiming to catalyze a global shift towards net zero. This initiative serves as a beacon, guiding other sectors towards greener investment solutions.

 A Partnership with Purpose

Steve Bolton, LGIM’s Head of Corporate Private Debt, echoed this sentiment, highlighting the synergy between LGIM and the National Trust. This investment is more than financial; it’s a testament to the power of collaborative effort in fostering societal and environmental well-being. Bolton’s remarks underscore the shared history and values that underpin this venture, showcasing a model for how charitable funds can drive significant, positive change.

 Conclusion

The alliance between LGIM and the National Trust is a monumental step forward in the quest for a more sustainable future. By investing in renewable energy, this partnership not only accelerates the path to net zero but also sets a precedent for responsible, impactful investing. As the National Trust embarks on this next phase of its renewable journey, the support from LGIM underscores a shared commitment to preserving our planet for generations to come. Together, they illuminate the path towards a greener, more sustainable world.

 

 

 

 

 

Credits: [Image: National Trust/Catherine Hayburn]

Categories
News

AlphaReal Shines Bright: Securing A 40MW Solar Powerhouse In The UK

Norbida UK News
AlphaReal Ignites Renewable Energy Portfolio with Strategic Acquisition of Cutting-Edge 40MW Solar Plant in Shropshire, Transitioning from Mystery Global Developer to Green Power Pioneer [Image: Unsplash/Chelsea]

 

 Illuminating the Future: AlphaReal’s Pioneering 40MW Solar Plant Acquisition in Shropshire

In a move that marks a significant milestone in the UK’s renewable energy landscape, investment titan AlphaReal has announced its latest triumph: the acquisition of the Bubney Energy Centre Limited, a 40MW solar plant that’s just begun shining in Shropshire. This deal not only showcases AlphaReal’s commitment to bolstering its green energy credentials but also positions the company at the forefront of the renewable energy revolution.

 A Glimpse into the Future with Bubney Energy Centre Limited

Nestled in the heart of Shropshire, the Bubney Energy Centre Limited stands as the crown jewel in AlphaReal’s renewable energy portfolio. This ground-mounted solar behemoth is more than just an asset; it’s a testament to AlphaReal’s visionary approach to sustainable investment. The acquisition journey was a complex tapestry woven with meticulous consultations on engineering, procurement, construction (EPC), operations, maintenance (O&M), and asset management (AM) contracts, underscoring the multifaceted nature of such groundbreaking ventures.

 The Synergy of Experience and Innovation

Raza Ali, the astute Investment Director of Renewable Infrastructure at AlphaReal, shared insights into the unique nature of the deal, highlighting the blend of greenfield and brownfield elements that made the acquisition a fascinating challenge. With over a decade of experience navigating the renewable sector’s ebbs and flows, Ali and his team have once again proven their prowess, seamlessly integrating the Bubney Energy Centre into AlphaReal’s impressive £1bn portfolio of renewable energy assets.

 A Resounding Vote for Renewable Energy

AlphaReal’s acquisition comes at a time when the UK’s pension funds and insurers are increasingly turning their gaze towards renewable energy. A recent survey commissioned by AlphaReal unveils a staggering 90% of these institutions plan to up their renewable energy game in the coming year. Ground-mount solar energy, in particular, has caught the fancy of over half of the respondents, with a significant majority poised to boost their allocations substantially over the next five years.

 AlphaReal: Leading the Charge in the UK’s Green Energy Transition

Phillip Rose, AlphaReal’s CEO, encapsulated the sentiment driving this surge towards renewables. With institutional asset owners keen on enlarging their renewable portfolio, solar energy emerges as a prime candidate, teeming with potential. Rose’s enthusiasm about elevating AlphaReal’s stake in solar energy resonates with a broader ambition to catalyze the UK’s transition to a greener future.

 Conclusion

AlphaReal’s acquisition of the Bubney Energy Centre Limited is not just a transaction; it’s a declaration of the company’s unyielding belief in renewable energy’s pivotal role in shaping a sustainable world. As AlphaReal continues to expand its solar empire, it stands as a beacon of innovation, guiding the UK towards a brighter, greener tomorrow.

 

 

 

 

 

 

Credits: [Image: Unsplash/Chelsea]

Categories
News

Transatlantic Green Leap: European Energy Inks Port Lease For Pioneering US Power-To-X Plant!

Norbida UK News
Charting a Sustainable Future: Developer Secures a 50-Year Pact with Port of Victoria, Texas, for Groundbreaking E-Methanol Facility! [Image: European Energy]

 

A New Era of Green Energy: European Energy’s Game-Changing E-Methanol Plant in Texas

In a landmark move that propels the global green energy transition forward, European Energy has inked a monumental 50-year lease agreement with the Port of Victoria in Texas, USA. This agreement paves the way for a state-of-the-art Power-to-X (PtX) plant, set to redefine renewable energy production.

European Energy is poised to develop an e-methanol facility at this strategic location, with an impressive production capacity of around 100,000 tons of e-methanol annually. This facility is more than just an industrial site; it’s an embodiment of innovation. By harnessing solar and wind-generated electricity, the plant will produce green hydrogen. This hydrogen, combined with biogenic carbon dioxide, will be synthesized on-site to create e-methanol, a fuel of the future.

The impact of this PtX project extends far beyond energy production. During its construction phase, the project is expected to generate more than 200 jobs, with an additional 60 ongoing local jobs post-completion.

European Energy isn’t new to breaking records. The company is on the brink of completing the world’s largest e-methanol facility at the Kasso facility in Denmark, capable of producing 32,000 tons/year of e-methanol. Giants like AP Moller Maersk, Novo Nordisk, and the LEGO Group are already lined up as off-takers for this e-methanol, underscoring the demand for sustainable energy solutions.

Lorena Ciciriello, CEO of EE North America, articulates the vision behind choosing Port of Victoria: “The Port of Victoria’s vast international waterways, cutting-edge rail infrastructure, and its central location align seamlessly with our commitment to lead in the global green energy transition.”

She adds, “It’s not just a location; it’s a dynamic space where our project can catalyze a significant impact on the world’s green energy landscape.”

This agreement is not just a milestone for European Energy but a testament to the company’s philosophy: bringing tomorrow’s energy today.

Sean Stibich, Executive Director at the Port, shares his enthusiasm: “The green energy revolution is gaining momentum at the Port. Our local leadership and community support have ensured we have the necessary infrastructure in place.”

European Energy and the Port of Victoria are not just creating jobs; they are cultivating a cleaner, brighter energy future for the region and the world.

Highlights for the Green-Thumbed Reader

  • Global Green Pioneers: European Energy sets a benchmark in sustainable energy with its new PtX plant in Texas.
  • Economic and Environmental Synergy: The project promises significant job creation while advancing the green energy agenda.
  • Future-Forward Fuel: E-Methanol from this plant represents the next step in renewable energy resources.

 

 

 

 

 

Credits: [Image: European Energy]

Categories
News

Power Boost: Alfen Delivers A Massive 20MW Battery To Supercharge Swedish Wind Farm!

Norbida UK News
Revolutionizing Renewable Energy: BESS Links Up with Vasa Vind's Wind Farms in Stromsund for a Seamless Green Power Grid! [Image: Alfen]

 

Energizing Renewables: Alfen and Vasa Vind Unite for a Sustainable Swedish Powerhouse

In a groundbreaking partnership destined to reshape Sweden’s renewable energy landscape, Alfen has signed a pivotal agreement with Vasa Vind. This collaboration marks the debut of Alfen’s first battery energy storage system (BESS) co-located at a Swedish wind farm, setting the stage for a greener, more resilient power grid.

By the end of 2024, Alfen will not only design and engineer but also install and commission an impressive 20MW battery energy storage system. This isn’t just any battery; it’s a game-changer that will be connected to one of Vasa Vind’s wind farms, promising a future of sustainable energy. Alfen’s commitment goes beyond installation – they’ll also be providing ongoing service to this powerhouse of a battery.

Once operational, this energy storage system will link up seamlessly with the company’s wind farms in Stromsund. This integration is more than a technical feat; it’s a strategic move to enhance both local and national power grid stability and flexibility. The BESS will play a crucial role in Sweden’s ancillary services market, including Fast Frequency Reserve (FFR), revolutionizing how energy is stored and utilized.

But there’s a unique twist to Alfen’s system – its ability to “black start” the wind farm. In the event of a power outage or grid failure, the wind farm can spring back to life using energy from Alfen’s energy storage system. This capability is not just impressive; it’s a lifeline in critical situations.

Stephanie Schockaert, Commercial Director for Alfen’s Energy Storage Systems business, encapsulates the excitement of this venture: “We’re excited to partner with Vasa Vind to install our first battery energy storage system co-located at a wind farm in Sweden and continue to help our customers meet the growing demand for renewable energy.”

Alfen’s expertise in grid management and its diverse portfolio of solutions are set to empower Vasa Vind and the Swedish ancillary services market. This partnership is more than just a collaboration; it’s a beacon of innovation and sustainability in the heart of Sweden’s renewable energy sector.

#GreenEnergy #SustainableSweden #RenewablePower #EnergyStorage #WindFarmInnovation #AlfenEnergy #VasaVind #EcoTech #CleanEnergyFuture #SmartGrids

 

 

 

 

 

Credits: [Image: Alfen]

Categories
News

Surpassing Expectations: Renewables Power 113% of Scotland’s Energy Demand!

Norbida UK News
Setting New Records: Achieving the Highest Renewable Energy Volume Ever Recorded! [Image: Scottish Power]

 

Scotland’s Renewable Triumph: Powering Past 100% in a Green Energy Milestone

In a spectacular display of green energy prowess, Scotland has shattered records and expectations alike. The latest statistics from the Scottish Government reveal a phenomenal achievement: in 2022, renewable energy technologies generated an astonishing 113% of Scotland’s overall electricity consumption. This isn’t just a number; it’s the highest figure ever recorded in Scotland’s renewable energy history, representing a massive 26% increase from the previous year.

Claire Mack, Chief Executive of Scottish Renewables, couldn’t hide her excitement: “These record-breaking figures are a major milestone on Scotland’s journey to net-zero, clearly demonstrating the enormous potential of our world-class renewable energy resources.” And she’s right. Scotland’s commitment to clean energy is not just about reducing carbon footprints; it’s a robust engine driving economic growth. The renewable energy industry and its supply chain are already supporting over 42,000 jobs and contributing an impressive £10.1 billion in economic output.

But Mack reminds us, the journey doesn’t end here. With electricity demand predicted to soar, Scotland is focused on deploying renewable energy projects at scale and at speed. This is more than an environmental crusade; it’s a strategic move to provide clean, affordable energy for homes and businesses, while supporting the nation’s broader goals for decarbonizing heat and transport.

The spotlight is now on maximizing capacity in the upcoming Contracts for Difference Allocation Round 6. This will be a crucial step in fostering the infrastructure and investment necessary for a robust, home-grown clean energy system.

Echoing this sentiment, Scottish Energy Secretary Neil Gray adds, “This is a significant milestone in Scotland’s journey to Net Zero. For the first time, Scotland has produced more renewable electricity than it consumed, demonstrating the enormous potential of Scotland’s green economy.”

This is more than an achievement; it’s a beacon of hope and a testament to Scotland’s relentless pursuit of a sustainable future. It’s a story of a nation boldly stepping into a greener, cleaner tomorrow.

Key Takeaways

  • Historic Achievement: Scotland’s renewable energy output surpassing its own electricity consumption sets a new national record.
  • Economic Impact: The renewable sector’s contribution to job creation and economic growth in Scotland is significant.
  • Future Focus: Continued expansion and investment in renewable energy are vital for Scotland’s net-zero ambitions and economic prosperity.

 

 

 

 

 

Credits: [Image: Scottish Power]

Categories
News

Green Energy Milestone: Lhyfe And EDPR Ink Groundbreaking Solar PPA Deal In Germany!

Norbida UIK News
Igniting a Green Revolution: The 55MW PV Farm Set to Power Pioneering Hydrogen Plants in Baden-Württemberg and Lower Saxony! [Image: EDPR]

 

Powering a Green Future: Lhyfe and EDPR’s Bold Leap into Sustainable Energy in Germany

In an exhilarating move towards a cleaner, greener future, Lhyfe and EDP Renewables (EDPR) have struck a game-changing deal. They’ve inked a renewable electricity supply contract, where Lhyfe will be harnessing the power from EDPR’s formidable 55MW solar farm in Germany. This isn’t just any solar farm; it’s a beacon of sustainability, developed through the expertise of Kronos Solar EDPR, and is set to light up the grid in 2025.

This Power Purchase Agreement (PPA) is a critical piece of the industrial agreement puzzle between these two renewable energy titans. The deal ensures that EDPR will be the powerhouse behind Lhyfe’s innovative hydrogen generation projects. For Lhyfe, this is a strategic move, securing a steady flow of renewable energy for its upcoming green hydrogen production sites in Germany.

But wait, there’s more! In the eco-friendly regions of Baden-Wurttemberg and Lower Saxony, Lhyfe is constructing two production units. These aren’t just any units; they represent a colossal combined production capacity of 8 tonnes of green, renewable hydrogen per day. This hydrogen isn’t just for show – it’s set to fuel local mobility and industrial processes, marking a significant stride in sustainable development.

Lhyfe and EDPR aren’t stopping there. They’re on a mission to identify co-development opportunities for projects that target some of the most challenging sectors to decarbonize – sectors where electrification alone doesn’t cut it.

This collaboration is more than a contract; it’s a commitment to a sustainable, electrified future. It’s about powering tomorrow’s world with the clean energy of today, and Lhyfe and EDPR are leading the charge.

Key Points to Spark Conversations

  • Sustainable Partnership: Lhyfe and EDPR are teaming up to transform renewable energy into green hydrogen.
  • Innovative Approach: They’re targeting sectors where traditional electrification isn’t possible, pushing the boundaries of green technology.
  • Local Impact: The green hydrogen produced will energize local mobility and industrial processes, showing the world how sustainability can be embedded in our daily lives.

 

 

 

 

 

 

Credits: [Image: EDPR]

Categories
News

Sun-Powered Surge: EU’s Solar Platform Secures A Whopping €213 Million In Financing!

Norbida UK News
Powering the Future: Alantra and Solarig Ignite €213M Funding for a Monumental 1.9GW Solar Pipeline in Southern Europe! [Image: Alantra and Solarig]

 

Energizing the Future: Alantra and Solarig’s €213M Solar Revolution

In a groundbreaking move, Alantra Solar, the dynamic duo of Alantra and Solarig, is revolutionizing the solar energy landscape. They’ve recently hit a major milestone in their ambitious 1900MW solar photovoltaic investment venture, securing a staggering €213 million in debt financing. This monumental funding is set to kickstart the construction of the first 306MW of their solar project.

The partnership struck gold with a financing agreement led by Rabobank, acting as the Bookrunner and Coordinator. This alliance includes a powerhouse of financial institutions: ABN AMRO, BNP Paribas, Commerzbank, and Cooperatieve Rabobank, all coming together to fuel this solar dream.

But there’s more! In just one year, Solarig has not only completed but also connected the first 16MW solar plant to the grid. Located in the sun-kissed southern Spain, in Zafra (Badajoz), this project is separately financed by Caja Rural de Soria.

This venture is more than just panels and wires; it’s a part of one of Europe’s largest solar development platforms. N-Sun Energy, supported by Swiss titan Reichmuth Infrastructure and French maestro Amundi Energy Transition, plans to acquire an impressive portfolio of 50 solar plants sprawled across Italy and Spain, all expertly developed by Solarig.

And there’s a twist: a significant chunk of these plants will boast advanced battery storage, marking a leap in sustainable energy storage.

By the end of 2025, the project aims to have all plants ready-to-build, and as we speak, the vehicle has already snapped up 597MW from Solarig.

With a total investment of a jaw-dropping €1.7 billion, comprising €700 million in equity and €1 billion in debt, this platform is not just a project; it’s a revolution.

Javier Mellado, the Managing Partner of Alantra Solar, encapsulates the essence of this journey: “Within just one year, our progress is evident: securing the financing for the first batch of plants marks a pivotal milestone for our project, as does the successful completion of the first photovoltaic plant, actively supplying electricity. This rapid pace propels our commitment to expedite the energy transition, while offering investors seeking solar energy opportunities a robust risk-return solution.”

#SolarPower #RenewableEnergy #SustainableInvestment #GreenTech #CleanEnergyFuture #EcoInnovation #EnergyTransition #SolarPV #InfrastructureInvestment #SustainableDevelopment

 

 

 

 

 

Credits: [Image: Alantra and Solarig]

Categories
News

Swiss Solar Pioneer Contemplates A Strategic Shift: Considering Closure Of German Factory

Norbida UK News
Adapting to Global Market Dynamics: Meyer Burger Expands US Manufacturing in Response to Europe's Market Distortion Challenges [Image: Meyer Burger]

 

Meyer Burger’s Strategic Pivot: Navigating Challenges in Europe, Eyeing Expansion in the US

In a bold and strategic move, Swiss solar photovoltaic module producer Meyer Burger Technology is facing a pivotal moment. The company has disclosed potential plans to close its factory in Freiberg, Germany, a decision that could mark a significant shift in the solar industry landscape. With the potential shutdown looming as early as April 2024, about 500 employees are poised at a crossroads.

This critical decision hinges on the second half of February 2024. Meyer Burger is awaiting concrete measures to level the playing field in Europe, like a resilience-reward scheme. Absent these measures, the company faces a stark reality. The European market distortion has already left its mark: Meyer Burger anticipates a total sales figure of approximately CHF135m (€143m) for the fiscal year 2023, with an EBITDA loss of at least CHF126m and a year-end cash position of around CHF150m.

As Meyer Burger prepares to enter discussions with all stakeholders regarding this decisive closure, it’s not just about shutting doors. “In the event of a closure, necessary positions in engineering, technology, supply chain management, and certain other critical functions at the manufacturing site in Freiberg would be offered the option of transferring their contracts to other Meyer Burger entities,” the company assures.

Meanwhile, the Thalheim solar cell production facility in Germany will continue its vital role, supporting the ramp-up of US solar module manufacturing in Goodyear. This strategic shift underscores Meyer Burger’s resilience and adaptability in the face of market challenges.

The potential closure of the Freiberg factory is a part of Meyer Burger’s broader strategy to minimize losses in Europe and pivot towards profitable growth in the US. The company’s statement reflects a clear-eyed assessment of the current market: “With a deteriorating market environment in Europe, continuing with full-scale European solar manufacturing is not sustainable for the time being.”

In parallel to these changes, Meyer Burger is exploring strategic partnerships to accelerate the commercialization of its technology. These collaborations aim to foster faster growth with reduced capital requirements while strengthening the local US supply chain.

Gunter Erfurt, Meyer Burger’s CEO, shares a forward-looking vision: “In the US, we can take full advantage of our leading technology position, resulting in substantial interest by partners and supported by favorable industry policies. Given 5.4GW of order book under offtake agreements and a potential to generate EBITDA at roughly CHF250m in 2026, we are able to grow a profitable business, providing a positive outlook for our shareholders. The expansion of the US business is currently proceeding as planned with the ramp-up of our solar module production site in Goodyear, expected to start in the second quarter of 2024.”

Key Insights:

  • Meyer Burger is at a crossroads with potential closure plans in Germany due to market challenges in Europe.
  • The company is shifting focus to the US, where favorable policies and technology leadership offer a promising future.
  • Strategic partnerships and US expansion are key to Meyer Burger’s plan for profitable growth.

Join the Dialogue:

  • What are your thoughts on Meyer Burger’s strategic shift?
  • How do you see the future of solar manufacturing balancing between Europe and the US?

#SolarEnergy #MeyerBurger #RenewableEnergy #GreenTech #SustainableBusiness #USExpansion

 

 

 

 

 

 

Credits: [Image: Meyer Burger]

Categories
News

EDF Invites Your Voice: Share Your Insights On Our Trailblazing English Solar Scheme!

Norbida UK News
Your Opinion Matters: Join the Conversation on Cornwall's 47.5MW Trelion PV Project - Public Consultation Opens 31 January to 23 February. Be a Part of Shaping Solar Energy's Future! [Image: EDF]

 

EDF Renewables UK Calls on Cornwall Community to Shape the Future of Solar Energy with the Trelion Project

In a move that underscores community involvement in renewable energy, EDF Renewables UK is reaching out to the people of Cornwall, south-west England, for their insights on the proposed Trelion solar farm. This project, poised to generate 47.5MW of green energy, is not just about harnessing the power of the sun; it’s about integrating the voices of the local community into the fabric of sustainable development.

Strategically located to the north of Grampound Road and west of St Stephen, the Trelion project is a beacon of future energy potential. EDF Renewables UK is opening its doors for public consultation from Wednesday, 31 January to Friday, 23 February. This period is a golden opportunity for local residents to express their views, share feedback, and contribute to the planning process ahead of the submission to Cornwall Council later this year.

Mark your calendars! Two in-person consultation events are scheduled at St Stephen Community Centre on Monday, 5 February, and Tuesday, 6 February. These events are a unique chance to meet the project team, delve into detailed information, raise questions, and be part of a collaborative journey towards a greener future. Everyone is welcome to attend and be a part of this exciting initiative.

EDF Renewables UK isn’t just focusing on solar energy generation. The company is dedicated to ensuring the Trelion Solar Farm fosters local benefits. Picture this: a fund of £19,000 annually to support community projects for the 40-year lifespan of the solar array. This initiative exemplifies a commitment to not just environmental sustainability but also to local prosperity.

The plan involves more than just solar panels. EDF Renewables UK is committed to maintaining the natural beauty of the area, with efforts to preserve existing trees and hedges. Additionally, the project will enhance biodiversity through the creation of new wildflower meadows, hedgerows, and trees.

A grid connection for the project is already secured, backed by extensive ecological and feasibility studies, ensuring that the Trelion Solar Farm is not just a concept but a well-prepared blueprint ready to contribute to the UK’s climate change targets and the transition to a green energy future.

Grant Folley, Head of Origination and Planning at EDF Renewables UK, shares his enthusiasm: “This is a great site for a solar farm, with plenty of sun and an agreed grid connection, meaning that the project is well prepared to contribute to UK climate change targets and the transition to a green energy future. We are looking forward to sharing more detailed information about Trelion Solar Farm with the local community and listening to feedback about what else we can do to create a net-zero future where clean energy powers our lives.”

Key Takeaways:

  • EDF Renewables UK invites community feedback on the Trelion Solar Farm project.
  • The public consultation period offers a platform for community engagement and shaping the project.
  • The Trelion project is a holistic approach to renewable energy, combining solar power generation with biodiversity enhancement and community benefits.

Join the Discussion:

  • Share your thoughts and suggestions on the Trelion Solar Farm project.
  • How can community engagement shape the future of renewable energy projects?

#SolarEnergy #CommunityPower #TrelionProject #RenewableCornwall #GreenFuture#EDFRenewablesUK

 

 

 

 

 

Credits: [Image: EDF]

Categories
News

Green Energy Shift: Q Energy Sells Its French Renewable Portfolio In A Strategic Move

Norbida UK News
ERG's Bold Leap Forward: Acquiring Prime Solar and Wind Farms to Expand Renewable Energy Footprint [Image: Unsplash/Gabriel]

 

Energizing the Future: Q Energy’s 73MW French Renewable Portfolio Now in ERG’s Hands

               Big news in the renewable energy sector! Q Energy has successfully completed the sale of a remarkable 73MW portfolio of renewable energy projects in France. The lucky buyer? None other than ERG, the Italian independent renewable energy powerhouse. Let’s dive into what this means. The portfolio now under ERG’s wing includes two fully operational solar farms – one in the scenic Gironde area and the other in the sun-drenched Pyrenees Orientales. Together, they boast an impressive 20.4MW of installed capacity. But that’s not all! There’s also a 28.8MW solar project in Pays de la Loire that’s nearing completion and a 24MW wind farm in Aude, which is in the final stages of commissioning after an extensive repowering.

               These projects aren’t just about producing clean energy; they’re a testament to sustainable progress. The two solar plants and the wind farm are supported by a 20-year Contract for Difference (CfD) tariff regime. And the cherry on top? The Pays de la Loire solar project is all set to operate under a 15-year Power Purchase Agreement (PPA) with a leading French retail company from the second quarter of 2024. Joshua Lim, the Deputy Managing Director of Q ENERGY France, couldn’t hide his excitement: “We are thrilled to announce the sale of our 73.2 MW portfolio of renewable energy projects to ERG,” he said. “This collaboration underscores our shared dedication to driving impactful change in the renewable energy landscape.” What does this mean for us? It’s a massive step towards a more sustainable and environmentally conscious future. Both Q Energy and ERG are playing pivotal roles in accelerating our transition to a greener world. So, let’s give a round of applause for this monumental move in the renewable energy scene! 🌍☀️💨 #RenewableEnergy #SustainableFuture #GreenPower #SolarFarms #WindEnergy #EcoFriendly #CleanEnergyRevolution #ERG #QEnergy

 

 

 

 

 

Credit: [Image: Unsplash/Gabriel]