Tag: renewable energy

Neoen Ignites a New Era in Energy Storage with the 54MW Yllikkälä Power Reserve Two in Finland

               Neoen, a global leader in renewable energy, has officially initiated the construction of the monumental 54MW Yllikkälä Power Reserve Two battery in Finland, marking a significant milestone in sustainable energy development. The company has entrusted Nidec, renowned for its expertise in storage solutions, with the comprehensive management of this project. Nidec will provide the vital components, including battery containers, cells, and inverters. Set to be the Nordics’ largest lithium-ion two-hour battery at 56.4MW/112.9MWh, this groundbreaking project is located strategically in Yllikkälä, just a stone’s throw from Neoen’s first major Finnish battery project. The Yllikkälä Power Reserve Two (YPR2), expected to be operational by early 2025, will connect to Fingrid’s substation via an underground cable, enhancing its operational efficiency.

               Neoen, adopting a develop-to-own approach, holds complete ownership of YPR2 and will manage its long-term operations. The battery will play a crucial role in Fingrid’s reserve markets, offering rapid-response ancillary services. This will not only help balance production and consumption but also bolster the frequency and security of the power system. Its operation is pivotal in integrating renewable energy assets seamlessly. As Neoen’s third battery venture in the Nordics, the company solidifies its position as a global pioneer with an impressive battery storage portfolio, encompassing 1489MW/3032MWh in operation or under construction. Jerri Loikkanen, Neoen’s country director for Finland, expressed gratitude towards Fingrid and the Lappeenranta municipality for their unwavering support. He emphasized Neoen’s commitment to boosting Finland’s energy independence and achieving carbon neutrality by 2035. Fingrid president and CEO Jukka Ruusunen highlighted the importance of electrification in reaching Finland’s climate goals. He acknowledged the need for increased flexibility in the expanding electricity system, with batteries being a key solution. Acting mayor of Lappeenranta, Tuomo Sallinen, echoed these sentiments, recognizing Neoen’s investment as vital to Lappeenranta’s ambitions in renewable energy and innovative green electrification. Neoen’s chairman and CEO, Xavier Barbaro, congratulated his team for their efforts in kickstarting this significant project. He underlined the critical role of storage in the energy transition, facilitating a greater share of renewable energy in the power mix. Barbaro affirmed Neoen’s dedication to accelerating the deployment of large-scale and long-duration batteries, not just in Finland but globally, to champion a cleaner energy future.

#NeoenInnovation #EnergyStorageRevolution #SustainableFuture #RenewableEnergy #GreenTech #NordicsEnergy #FinlandPower #BatteryBreakthrough 🌍🔋💚🇫🇮

Credits: [Image: Neon]

Macquarie’s Bold Move in Renewable Energy: Acquiring a 50% Stake in Enel Green Power Hellas

               In a significant stride towards sustainable energy, Macquarie Asset Management has recently finalized a monumental deal, acquiring a 50% share in Enel Green Power Hellas from the Enel Group. This groundbreaking transaction involves an equity consideration of around €250 million, marking a new era in green investments. Enel Green Power Hellas stands at the forefront of renewable energy development and operations in Greece. Their impressive 566MW portfolio spans onshore wind, solar, and hydropower projects, both operational and under construction, across the Greek mainland and islands. This extensive portfolio includes 59 active sites with a combined capacity of 482MW across wind, solar, and hydropower, plus six under-construction solar projects adding up to 84MW. Notably, their operational portfolio ranks as the third largest in Greece. Moreover, Enel Green Power Hellas is trailblazing with a pipeline of new wind and solar projects, and is delving into cutting-edge storage and hybrid solutions.

               Macquarie’s dedicated Green Investments team is set to amplify these ambitions, leveraging their global expertise and investment prowess. Enel Green Power Hellas boasts a seasoned professional team, deeply versed in the Greek renewable energy sector, with comprehensive industrial knowledge and the ability to expedite projects from development to construction and operations, a quality Macquarie is eager to enhance. Eric Bjonerud, Managing Director at MAM Green Investments, emphasized the significance of the Greek market in the global shift away from fossil fuels. He highlighted the vast potential Greece holds in propelling Europe’s decarbonization initiatives, expressing enthusiasm for the partnership with Enel. This collaboration aims to deliver an ambitious array of renewable energy projects, integrate innovative green technologies, and bolster Greece’s energy transition. This acquisition follows Macquarie’s previous investment in the Hellenic Electricity Distribution Network Operator in 2022, underlining its commitment to renewable energy. The recent deal, initially announced by Enel in July 2023, has now reached its financial culmination. While the specific terms remain undisclosed, the impact of this transaction resonates through the renewable energy landscape.

#GreenEnergy #RenewableInvestment #MacquarieGreenPower #SustainableFuture #EnelGreenHellas #EnergyTransition #InnovativeEnergy #RenewablesGreece 🌍🌿💡🌬️🌞🌊

Credits: [Image: Enel Green Power]

Revolutionizing Renewable Energy: Iberdrola’s Trailblazing 86MW HIDRO Cedillo Project Gets Green Light!

               Exciting news from the renewable energy frontier: Iberdrola has just received environmental approval for its innovative 86MW HIDRO Cedillo hybrid project in Spain. This groundbreaking development marks a significant milestone as Spain’s first hydro-PV hybrid, located in the picturesque region of Cedillo, Extremadura. What makes this project a game-changer? Iberdrola reveals that hybridization is the key. By seamlessly integrating two different renewable technologies, the HIDRO Cedillo project is set to optimize grid usage and significantly minimize environmental impact. This dual-technology approach reduces reliance on unpredictable environmental conditions and addresses resource scarcity issues like lack of wind or sunlight. The result? A more stable, efficient, and reliable renewable energy production.

               But that’s not all. Iberdrola is not stopping here. Hot on the heels of this approval, the company announced plans to construct Spain’s first hybrid wind-solar plant in Burgos. This move underlines their commitment to investing in hybrid technology in the coming years, aiming to enhance renewable resources and maximize the potential of existing sites.Extremadura is emerging as a key player in Iberdrola’s growth strategy in Spain. With nearly 5200MW installed capacity, of which a staggering 4100MW are from renewable sources including hydroelectric, solar, and battery stations, the region is poised to be a renewable energy hub. Stay tuned as we watch Iberdrola lead the charge in revolutionizing the renewable energy landscape!

#RenewableEnergy #IberdrolaInnovation #HIDROCedillo #GreenTech #HybridPower #SustainableSpain #EcoFuture #EnergyRevolution #ExtremaduraRenewables

Credits: [Image: Iberdrola]

Shining a New Light on Renewable Energy: Globeleq’s Strategic Acquisition of Mozambique’s Central Solar de Mocuba

In a move that underscores its commitment to renewable energy in Africa, Globeleq has announced a significant expansion of its solar energy portfolio with the acquisition of a majority stake in the Central Solar de Mocuba (Mocuba) solar farm in Mozambique. This strategic purchase sees Globeleq taking the helm with a 52.5% share from Scatec ASA and a further 22.5% from KLP Norfund. Meanwhile, Electricidade de Moçambique (EDM), Mozambique’s national power company, continues to hold a pivotal 25% stake in the plant, exemplifying a collaborative effort in the nation’s energy sector.

The Mocuba solar farm, boasting a substantial 41MW capacity, is not just a power plant; it’s a beacon of Globeleq’s growing solar footprint in Africa, which now proudly stands at nearly 400MW, spanning South Africa, Egypt, Kenya, and Mozambique. Mike Scholey, the CEO of Globeleq, expressed his enthusiasm about this venture, stating, “We are steadily building a major business in Mozambique in solar, wind, and gas-to-power, with Mocuba being the latest feather in our cap.”

He further added, “Mocuba perfectly aligns with our pan-African solar portfolio, and I am thrilled to welcome our new colleagues from the plant to Globeleq.” The year 2024 is shaping up to be a landmark year for Globeleq in Mozambique. The Temane gas-to-power plant is on track for commercial operations, and the Namaacha project, poised to be the country’s first wind power project, is expected to reach financial closure by mid-2024.

This move by Globeleq not only diversifies their energy portfolio but also plays a crucial role in spearheading sustainable and renewable energy initiatives in Africa, paving the way for a greener and more sustainable future.

Credits: [Image: Pixabay]

 Harnessing the Sun: LONGi’s Ambitious Leap into Romania’s Solar Future

A Solar Revolution is Brewing: LONGi, a titan in the solar panel industry, has inked a game-changing 576MW sales agreement with Nofar Energy Romania. This deal is not just about numbers; it’s a bold statement in the world of renewable energy, underscoring a commitment to a greener, more sustainable future. The focus? A high-stakes PV project in Romania that’s shrouded in intrigue and promise.

Hi-MO 7: The Future of Solar Technology: At the heart of this endeavor are LONGi’s cutting-edge Hi-MO 7 modules. These aren’t just any solar panels; they’re the pinnacle of solar innovation, designed to push the boundaries of efficiency and performance. The project, set to break ground in 2024 and become operational by 2025, isn’t just a construction project—it’s a beacon of future energy solutions.

A Commitment to Sustainability: LONGi isn’t just playing by the rules; they’re setting new standards. Aligning with rigorous Environmental, Social, and Governance (ESG) standards, this agreement is more than a transaction—it’s a testament to LONGi’s dedication to responsible and sustainable practices, particularly in the supply chain.

Banking on Green Futures: The culmination of this deal was catalyzed by a nod of approval from a leading banking corporation. This isn’t just a financial endorsement; it’s a seal of approval for ESG-compliant bank financing. LONGi and Nofar Energy Romania are not just building solar projects; they’re constructing a framework for sustainable finance, meeting the exacting standards set by the banking world.

Voices of Vision: Mirel Jarnea, LONGi’s Sales Manager in Romania, captures the essence of this partnership: “This strategic alliance with Nofar Energy Romania isn’t just a business move; it’s a stride towards advancing sustainable energy solutions in Romania. LONGi stands at the forefront of this revolution, bringing our high-efficiency panels and a vision for a greener future.”

Echoing this sentiment, Favi Stelian, CEO of Nofar Energy Romania, highlights the shared journey: “Our agreement is more than a contract; it’s a shared dream, a joint venture towards a sustainable energy future in Romania. We’re not just looking forward to this project; we’re excited about the path we’re paving together.”

The Bottom Line: The LONGi and Nofar Energy Romania partnership is a narrative of innovation, sustainability, and forward-thinking. It’s not just about harnessing solar energy; it’s about shaping the future of energy consumption in Romania and setting a global example. This story isn’t just unfolding; it’s electrifying the very fabric of the renewable energy landscape.

Credits: [Image: Pixabay]

Qualitas Energy Paves the Way for Poland’s Green Revolution! 🌱🇵🇱✨

               In a strategic move, Qualitas Energy has inaugurated its new office in Wroclaw, southwestern Poland, signaling a commitment to driving renewable energy initiatives. The Polish team will focus on greenfield developments in the promising southern and western regions, recognized as ideal zones for renewable energy projects.

               The physical presence in Wroclaw enhances collaboration with local authorities and communities, fostering transparent communication and a shared commitment to sustainable development. Kamila Sobczyk, the Head of Development for the Polish team, brings her expertise to lead the Wroclaw office, guiding the implementation of greenfield projects in the region. With a fully established operational development, construction, and asset management teams comprising 14 dedicated members, Qualitas Energy is well-positioned for success. The team’s profound sector-specific experience, combined with a deep understanding of the local market, ensures the effective execution of their green initiatives. Krzysztof Zieniewicz, Country Head for Poland, expressed pride in reaffirming Qualitas Energy’s dedication to renewable energy in Poland. The team is poised to deliver successful greenfield projects, explore new opportunities, and strengthen collaborations for a sustainable future in Poland. 🌍🤝 #QualitasEnergy #RenewableEnergy #GreenRevolution #PolandSustainability 

Credits: [Image: Qualitas Energy ]

Energizing the Future: Richborough Energy Park’s Monumental Battery Storage Project

               Imagine a future where our energy needs are met with seamless efficiency and sustainability. That future is getting closer, thanks to the groundbreaking Richborough Energy Park battery storage project in the UK, now fully energized and ready to revolutionize the way we manage power. Nestled in Kent, this 100MW/100MWh project, a brainchild of Pacific Green and Sosteneo Energy Transition Fund, marks a significant milestone in our renewable energy journey. Connected to the National Grid via the robust 400kV Richborough substation, this project is not just about storing energy – it’s about securing a stable, reliable power supply for the future. But what makes this project truly extraordinary? It’s designed to provide crucial grid stability services. As renewable energy sources like wind and solar become more prevalent, their variable nature can lead to fluctuations in voltage and frequency. The Richborough Energy Park steps in to smooth out these imbalances, ensuring a consistent, uninterrupted flow of electricity.

               Developed and managed by Pacific Green under a long-term asset management agreement, this facility is Sosteneo’s first foray into the UK’s energy sector. It represents a leap forward in integrating renewable energy into our daily lives. Ensuring the safety and efficiency of this connection, National Grid has upgraded the Richborough substation. New switchgear, protection, and control systems on the supergrid transformer have been installed, establishing a robust tertiary connection for the project. Stuart Jones, Portfolio Director for the Customer Connection South Region at National Grid Electricity Transmission, captures the essence of this endeavor: “Battery storage has a crucial role to play in delivering a net-zero energy system in Britain. Connecting projects like Pacific Green’s at Richborough Energy Park to our transmission network is a key step in our country’s clean energy journey.” The Richborough site, steeped in history, is now set to become a pivotal part of our network for the energy transition. This substation connects clean electricity projects like batteries and interconnectors, harnessing increasing volumes of renewable power for a brighter, greener future. Join us in celebrating this monumental step towards a sustainable energy landscape, where the Richborough Energy Park stands as a beacon of progress, innovation, and hope for a net-zero world.

Credits: [Image: Pacific Green]

Empowering the Future: Cube Green Energy’s Bold Move in Renewable Energy Across Europe

               In a groundbreaking stride, Cube Green Energy, the repowering maestro, has taken the European renewable energy landscape by storm. This year, they’ve made a monumental leap by acquiring a staggering 125MW onshore wind and solar portfolio, featuring an impressive array of 12 projects scattered across the continent. This latest venture is not just an expansion—it’s a revolution in the realm of clean energy. The heart of Cube Green Energy’s operations pulsates in the core markets of Germany and France. Here, they’ve boosted their installed capacity to an awe-inspiring 150MW of operational assets. But that’s just the tip of the iceberg. These projects hold a massive repowering potential of over 300MW. And the wheels of progress are already turning, with development work in full swing. Cube Green Energy is on a mission to swap out older, less efficient wind turbines for cutting-edge power generation technology.

               Picture this: once these sites are repowered, they will light up the lives of over 200,000 households in Germany and France with clean, sustainable energy. It’s not just about generating power; it’s about nurturing a greener future. But there’s more. At these repowering sites, Cube Green Energy is innovatively integrating PV solar and utility-scale battery storage. This isn’t just an upgrade; it’s a transformative approach to maximize the energy funneling into the local grid. The ambition of Cube Green Energy knows no bounds. They’re currently on a quest to harness over 1500MW of potential onshore wind and PV solar farms. This journey spans across the vibrant landscapes of continental Europe, including Germany, France, Italy, Spain, and Poland. 2023 marks a year of significant growth for Cube Green Energy. Their team has expanded, with new talent in France and Spain, and the opening of new offices in Hamburg and Madrid. These join their existing strongholds in Berlin and London, creating a network of innovation and expertise. Raghuveer Kurada, the visionary chief executive of Cube Green Energy, reflects on 2023 as a milestone year. They have not only expanded their renewable asset portfolio in Germany and France but have also advanced their repowering strategy. “The rapid deployment of high-efficiency renewable energy assets across Continental Europe remains a key priority of government policy,” he states. And Cube Green Energy stands at the forefront of this mission, with utility-scale battery storage playing a pivotal role in ensuring grid stability and the provision of 24/7 renewable power. In essence, Cube Green Energy isn’t just playing a role; they are crafting a legacy—a legacy of sustainable power, innovative solutions, and a brighter, cleaner future for Europe and beyond.

Credits: [Image: Unsplash]

RES Unveils Enhanced Plans for Chimmens Solar Farm Following Community Feedback

               RES, a leading renewable energy company, has officially submitted its planning application for the ambitious 50MW Chimmens solar farm. The proposed site is situated between Horton Kirby and Fawkham, Sevenoaks, in the UK. This milestone follows a comprehensive period of community engagement initiated by RES, which involved seeking feedback from the local residents. An integral part of this process was a public exhibition held on July 10th in Fawkham, dedicated to discussing and refining the design of the proposed solar farm. The invaluable feedback received from the community, coupled with insights from technical and environmental site assessments, has led RES to make significant enhancements to the final design. Among the notable changes is the introduction of new native woodland planting along the northern boundary. Moreover, RES has strategically altered the locations of inverters and energy storage, utilizing existing mature hedgerows for immediate screening.

               Addressing concerns about proximity to residential properties, RES has successfully increased buffers to the northwest of the site. Additionally, the company has committed to incorporating over 35 acres of habitat creation specifically designed for Skylark. In terms of environmental impact, RES predicts a substantial biodiversity net gain, with a 45% increase in habitat areas and a 39% net gain in hedgerow habitats resulting from the proposed solar farm development. Pauric McCloskey, Development Project Manager at RES, expressed satisfaction with the collaborative process, stating, “We’re pleased to have worked with the local community in Horton Kirby and Fawkham to listen to their feedback, reflect on the changes we could make, and then incorporate these into the plans that we have now submitted.” McCloskey emphasized the crucial role of projects like Chimmens in combating climate change, citing their contribution to generating affordable electricity, ensuring a secure energy supply for Britain, and supporting jobs in the growing green economy. As RES progresses with its innovative solar farm project, the company remains committed to fostering sustainability and inclusivity through ongoing collaboration with local communities.

Credits: [Image: RES]