Tag: Renewable Energy Future

Categories
News

Enviromena Gears Up For A Solar Revolution: Prepping A Massive 400MW Pipeline In The UK!

Norbida UK News
From Dorset to Durham: Enviromena Sets the Stage for a Green Future, Preparing to Unveil Solar Projects in the Coming Six Months! [Image: Enviromena]

 

Enviromena Ignites the Solar Spark in the UK: A 400MW Green Energy Odyssey

In an electrifying move, Enviromena is set to revolutionize the UK’s solar landscape. The Reading-based pioneer in clean energy is gearing up to propel its colossal 400MW solar pipeline through the planning stages within the next six months. This bold step is part of Enviromena’s grand vision to amplify its UK portfolio to a staggering 500MW by 2025.

The energy landscape is about to get a lot brighter! These 400MW projects, stretching from the scenic Dorset to the historic Durham, are merely the tip of the iceberg in Enviromena’s expanding portfolio, which boasts over 1.5GW of solar projects. Spearheaded by their in-house development team, this initiative marks a significant stride in sustainable energy development.

But there’s more! Beyond these 400MW marvels awaiting planning, Enviromena is already nurturing 110MW of solar projects, anticipated to emerge from the planning phase by March 2024. This is clean energy in action, folks!

Mark Harding, the European Development Director at Enviromena, shares his excitement: “This is not just a milestone, it’s a leap into the future of clean energy. Our projects are crafted with care, ensuring they harmonize with the landscape and respect local wildlife.”

Enviromena isn’t just about building solar farms; it’s about building relationships. The coming months are slated for deep community engagement, taking valuable local insights into account before each planning submission. This inclusive approach has already seen several sites receive unanimous planning nods from local councils, reflecting the growing demand for sustainable energy solutions, especially in times of fluctuating fuel prices.

What does this mean for the UK? A surge in clean energy availability! With over 400MW of ground-mounted solar projects on the horizon, Enviromena is set to lower carbon emissions significantly and brighten up tens of thousands of homes with clean, renewable energy.

But wait, there’s recent progress too! Enviromena’s construction of Horsey Levels in Somerset and Kiln Fields in Hampshire, totaling 42MW, is nearing the finish line, with energization expected in early 2024. Following the success of Three Maids Hill in Winchester and Bryngolwg in Wales, Enviromena is not just talking about a green future; they are building it, one solar panel at a time.

Stay tuned as Enviromena lights up the UK with its solar energy crusade!

#GreenEnergy #SolarPower #SustainableFuture #Enviromena #UKSolarRevolution #CleanEnergyGoals #EcoFriendlyLiving #RenewableEnergy #ClimateAction #SolarEnergyUK

 

 

 

 

 

Credits: [Image: Enviromena]

Categories
News

Orsted And Bloomberg Ignite The Future: Sealing An 80MW Solar Power Deal In The US

Norbida UK News
From the Heart of Texas: The 471MW Mockingbird Solar Center Set to Power Up, Fueling Orsted and Bloomberg's 80MW Solar Vision [Image: Orsted]

 

Illuminating a Greener Future: Bloomberg and Orsted’s Groundbreaking 80MW Solar PPA in Texas

In a landmark move, Bloomberg has joined forces with Orsted to sign a momentous US solar power purchase agreement for 80MW. This visionary partnership is set to be fueled by the Mockingbird Solar Center, a colossal 471MW project currently taking shape near Paris, Texas. This initiative isn’t just about power generation; it’s about setting a precedent in the renewable energy landscape.

The Mockingbird Solar Center is Orsted’s largest solar undertaking in the US to date. But what sets it apart is its dual mission: generating renewable energy while championing environmental conservation. This project is Orsted’s first to intertwine energy production with the protection of native tallgrass prairie, a significant ecological step.

Bloomberg, alongside other corporate powerhouses like Covestro and Royal DSM, is one of four corporate customers committed to purchasing power from the Mockingbird Solar Center. This collaboration has catapulted the project to a fully contracted status for its entire 471MW capacity.

Rewinding to 2016, Bloomberg took a decisive step by joining the RE100 initiative. This global commitment by businesses to source 100% of their electricity from renewable energy has been a driving force behind Bloomberg’s sustainable vision. By 2022, Bloomberg had already made impressive strides, securing 192,533 MWh of renewable energy from 11 projects, covering over half of its global electricity needs.

With the Mockingbird Solar Center, Bloomberg is on track to cover 100% of its US electricity consumption and 80% of its global electricity needs through renewable sources. “We look forward to partnering with Orsted on the purchase of renewable energy to progress our RE100 target while also meaningfully contributing to conservation efforts,” said Dave Wildman, Global Head of Facilities, Sustainability Ops, and MEP Infrastructure at Bloomberg.

One remarkable aspect of the Mockingbird Solar Center is its collaboration with The Nature Conservancy (TNC). This partnership aims to preserve nearly 1000 acres of rare, native tallgrass prairie adjacent to the project. Orsted’s commitment extends beyond energy, as they plan to donate a significant portion of the Smiley-Woodfin National Prairie Grassland to TNC upon the project’s completion.

The Mockingbird Solar Center is not just a symbol of progress but also a beacon of economic growth, creating 500 jobs during peak construction and projected to inject $215m into the local economy over its lifespan.

This pioneering project is a testament to Orsted’s growing presence in Texas, adding to its portfolio of 12 wind, solar, and storage projects, symbolizing a staggering $3bn investment in the Lone Star State.

Key Highlights:

  • Bloomberg and Orsted’s 80MW solar PPA is powering up the future of renewable energy.
  • The Mockingbird Solar Center merges energy production with environmental conservation.
  • This project contributes significantly to Bloomberg’s commitment to 100% renewable energy usage in the US.

Join the Discussion:

  • Share your thoughts on this groundbreaking renewable energy initiative.
  • How do you think such projects can shape the future of sustainable energy and conservation?

#RenewableEnergy #SustainableFuture #SolarPower #Conservation #GreenTech #Bloomberg #Orsted

 

 

 

 

 

 

Credits: [Image: Orsted]

Categories
News

ORIT Makes A Strategic Retreat: Withdrawing From The Spanish Solar Market Purchase

Norbida UK News
Rewinding to 2020: A Glimpse into ORIT's Ambitious Leap into the Spanish Solar Portfolio – A Bold Move That Shaped Their Journey [Image: Octopus Energy]

 

Navigating the Energy Market with Finesse: ORIT’s Strategic Exit from Spanish Solar Venture

In a stunning pivot, Octopus Renewables Infrastructure Trust (ORIT) has made a calculated move to terminate its option to acquire a substantial 175MW of ready-to-build solar projects in Spain. This decision marks a significant shift in strategy for ORIT, a name synonymous with forward-thinking in the renewable energy sector.

Back in 2020, amidst a global surge in renewable energy interest, ORIT boldly entered into a conditional acquisition agreement for these solar sites. Fast forward to today, after a thorough reassessment, ORIT has chosen a different path. Weighing the projects on a risk-adjusted basis and aligning with the company’s savvy approach to capital allocation, ORIT found exiting the option more beneficial than pursuing construction.

Here’s the kicker: ORIT isn’t just walking away. They’ve managed to secure a financial win in this strategic withdrawal. The company has not only been refunded its initial deposit but also negotiated a termination payment from the vendor. The numbers speak volumes – a net gain of approximately £3m over the €2m initial deposit. This is a clear win, especially considering it’s about £1.5m over the £3.2m holding valuation of the option as of the third quarter of 2023. This savvy move translates to a positive NAV impact of around +0.3 pence per Ordinary Share, compared with the valuation as of 30 September 2023.

Phil Austin, Chairman of Octopus Renewables Infrastructure Trust, encapsulates the essence of this decision: “Exiting this option demonstrates ORIT’s ability to remain flexible as market conditions change and reflects our disciplined approach to capital allocation, allowing us to capitalise on opportunities to enhance value for shareholders when the right deals arise.”

This strategic decision by ORIT underscores the dynamic nature of the renewable energy market and the importance of adaptability and financial prudence in capitalizing on opportunities. It’s a testament to ORIT’s commitment to not just partaking in the renewable energy revolution, but leading it with strategic foresight and financial acumen.

Key Takeaways:
– ORIT’s decision reflects adaptability and a disciplined approach to capital allocation.
– The move resulted in a net gain of approximately £3m, showcasing ORIT’s financial savvy.
– This strategic exit highlights the dynamic and ever-evolving nature of the renewable energy market.

Join the Conversation:
– Share your thoughts on ORIT’s strategic decision.
– How do you see the future of renewable energy investments shaping up?

#RenewableEnergy #StrategicInvesting #ORIT #SolarPower #SustainableFinance #GreenEnergy

 

 

 

 

 

Credits: [Image: Octopus Energy]

Categories
News

Atlantic Green Energizes The Future: Unveiling The UK’s First Revolutionary Battery Project!

Norbida UK News
Charging Ahead: Buxton's 30MW Powerhouse Set to Electrify the UK in Early 2024! [Image: Atlantic Green]

 

Atlantic Green Ignites a Sustainable Revolution with Buxton’s 30MW Battery Energy Storage System

In an electrifying leap towards a greener future, Atlantic Green has triumphantly announced the mechanical completion of its pioneering project – the 30MW Buxton battery energy storage system (BESS) in England. This groundbreaking development is not just a power project; it’s a beacon of hope in the battle against the climate crisis.

A Powerhouse for Change: The Buxton BESS Project

With a robust 60MWh connection distribution, the Buxton BESS stands as a titan in Derbyshire, ready to wage war against carbon emissions. Atlantic Green’s commitment to propel Derbyshire towards a net-zero future is not just admirable; it’s transformative. This project is a critical step in reducing the county’s carbon footprint, making a tangible difference in the global fight against climate change.

On the Horizon: A Brighter, Greener Future

As construction wraps up, the anticipation for the Buxton BESS’s energisation in early 2024 is palpable. But this isn’t just about one project. Atlantic Green’s vision extends far beyond. With a 30-year lease secured, this BESS is the trailblazer in a series of ambitious projects, totalling over 1GWh, including the colossal 600MWh Cellarhead battery and the innovative 270MWh Project T.

The Force Behind the Revolution: Atlantic Green

Atlantic Green, a dynamic joint venture between Nofar Energy and Interland, is at the forefront of developing UK’s battery energy storage. Their mission? To revolutionize the way we think about and use energy.

Nick Bradford, the managing director of Atlantic Green, expresses his elation: “We are delighted to announce mechanical completion for our Buxton BESS Project. This isn’t just a project; it’s a milestone towards improving grid stability and setting the stage for a sustainable energy future.”

A Commitment to a Sustainable Tomorrow

The Buxton BESS Project is more than just a technological marvel; it’s a commitment. A commitment to improving grid stability, to fostering a greener world, and most importantly, to supporting the UK in achieving its net-zero targets. Atlantic Green isn’t just contributing to Derbyshire’s green efforts; they are reshaping the landscape of energy security for generations to come.

Join us in celebrating this monumental achievement and stay tuned as we charge towards a cleaner, more sustainable future.

#AtlanticGreen #BuxtonBESS #CleanEnergy #SustainableFuture #NetZero #GreenRevolution #EnergyStorage #ClimateAction

 

 

 

 

 

Credits: [Image: Atlantic Green]

Categories
News

Statkraft Strikes A Double Deal: Securing Twin PPAs For Pioneering UK Solar Site

Norbida UK News
Powering the Future: 20MW Solar Farm Inks Landmark Offtake Agreements with Gresham House and Workspace [Image: Statkraft]

 

 Statkraft’s Triple Win: Pioneering Solar Power Deals Light Up the UK

               In a landmark move for renewable energy in the UK, Statkraft has inked a groundbreaking Power Purchase Agreement (PPA) with Gresham House and a Corporate PPA (CPPA) with Workspace, setting a new precedent in the industry. At the heart of this deal lies the Beavor Grange Solar Farm in Devon, England, managed by Gresham House. This impressive 20MW photovoltaic site is not just any solar farm; it’s a powerhouse capable of energizing approximately 6,000 homes or fulfilling two-thirds of Workspace’s total power demand. Beginning February 2024, this 10-year agreement is a game-changer. Workspace will receive power directly from the solar project along with Renewable Energy Guarantees of Origin (REGOs), ensuring the energy’s sustainable roots are transparent.

               Innovatively, Workspace has opted to use Statkraft’s Firming service. This ingenious solution transforms fluctuating solar power into a steady baseload, seamlessly integrating renewable energy into Workspace’s standard supply contract. Statkraft’s Firming service is a masterstroke in energy management. By balancing the solar farm’s output with market purchases and sales, it guarantees a consistent electricity supply, providing stability to the offtaker and bolstering investor confidence in renewable infrastructure. This deal is more than just a contract; it’s a catalyst for building more renewable energy infrastructure and providing budget certainty for businesses looking to lock in energy prices for a decade.Acting as a market integrator, Statkraft has brilliantly matched renewable generators with corporates seeking green energy solutions. Through their RFP process, they have efficiently linked renewable projects with long-term offtakers, exemplifying their role in driving the green energy market forward.

               Andy Cooper, Statkraft’s head of downstream, expresses delight in bringing Beavor Grange and Workspace together. He emphasizes the growth of Firming contracts and anticipates a surge in business in this sector in 2024. Sonal Jain, Workspace’s head of sustainability, highlights this partnership’s alignment with global net zero carbon commitments and its support for the goals set at COP28. Jain emphasizes the responsible approach of adding new capacity to the grid, showcasing Workspace’s commitment to a sustainable future. Wayne Cranstone, Investment Director at Gresham House, echoes the sentiment, stressing the importance of securing long-term, index-linked revenue for the solar farm’s power production. This collaboration marks a significant step in renewable energy investments. In conclusion, Statkraft’s agreements with Gresham House and Workspace are not just business transactions; they’re milestones in the journey towards a cleaner, greener world. They signify the growing importance of renewable energy in the corporate sphere and the innovative approaches to making it a reality. 

#GreenFuture #EcoFriendlyBusiness #RenewableEnergyFuture #SustainableDevelopment 

 

 

 

 

 

 

Credits: [Image: Statkraft]