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EU Powers Up: Achieving Its Cleanest Energy Mix Yet In 2024

Norbida UK News
Record-breaking progress! In 2024, the energy sector slashed emissions by 13% compared to 2023, marking a pivotal step toward a greener future, according to Eurelectric.

EU Hits a Green Milestone: Cleanest Power Mix in 2024 

The European Union continues to set the benchmark for sustainable energy, achieving its cleanest power generation mix ever in 2024. With renewables surging, emissions from the power sector were slashed by 59% compared to 1990 levels, according to Eurelectric. In fact, 2024 saw a 13% drop in emissions compared to 2023, making it a record-breaking year for clean energy.

Renewables Lead the Charge 

  • Renewables: Contributed an impressive 48% to the EU power generation mix.
  • Nuclear Power: Held steady at 24%, remaining the single largest contributor.
  • Fossil Fuels: Shrunk to their lowest-ever share of 28%.

Wind energy maintained its edge over natural gas, while hydro and solar power production surged by 40 TWh year-on-year. That’s enough to meet half of Belgium’s annual power demand or power all of Denmark for a year!

Electricity Prices Decline 

The transition to renewables also brought down electricity costs:

  • Average wholesale prices dropped to €82/MWh from €97/MWh in 2023.
  • For most of the year, prices hovered even lower at €76/MWh, except during the high-demand winter months, when limited wind and solar caused temporary spikes in countries like Germany and Sweden.

The Rise of Negative Prices 

Another notable trend: negative electricity prices were recorded 17% of the time in at least one bidding zone, reflecting how renewable energy can disrupt traditional market dynamics.

The Road Ahead 

Eurelectric’s Policy Director, Cillian O’Donoghue, emphasized that while renewable investments are paying off, more work is needed:“Investing in higher renewable generation is the right path for a competitive and decarbonized economy. But this must be complemented by more flexible capacity to balance variability, reduce reliance on fossil fuels, and prevent price spikes.”Electrification also remains key to reaching climate goals. However, demand for electricity is growing at a slower pace than expected—up less than 2% compared to 2023 and still below pre-crisis levels. The decline is partly due to energy efficiency and savings, but over 50% of this reduction is tied to industrial slowdown.

Industrial Challenges 

Germany, Europe’s industrial powerhouse, saw a 13% drop in industrial power consumption in 2023 compared to 2021. This downward trend likely continued in 2024, with industrial production declining 4% year-on-year.

A Brighter Future 

The EU’s achievements in 2024 highlight the potential of renewables to drive down emissions and energy costs. However, it’s clear that sustained investment in flexible and resilient power systems, alongside industrial innovation, will be critical to maintaining momentum in the green energy transition. How do you see renewables shaping our future?
#RenewableEnergy #GreenFuture #EUClimateAction #Decarbonization #CleanEnergy #Sustainability

 

 

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NKT Secures Major HVDC Contracts To Power Germany’s Energy Future

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Big Win for NKT! TenneT Awards Key HVDC Contracts to Drive Germany’s Energy Transition

NKT Secures €1 Billion HVDC Contracts to Advance Germany’s Energy Transition

NKT has been chosen by TenneT, the Dutch-German transmission system operator, to deliver state-of-the-art high-voltage direct current (HVDC) power cable systems for two pivotal projects in Germany. These contracts, worth approximately €1 billion, underline NKT’s role as a leader in the HVDC power cable market and a vital partner in Europe’s energy transformation.

Powering the Future: LanWin7 and NordOstLink Projects

Under the agreement, NKT will design, produce, and install advanced 525kV onshore and offshore cable systems for the LanWin7 scheme and the NordOstLink project.

  • LanWin7: This ambitious offshore grid connection system will link wind power generated in the North Sea to a multi-terminal hub in Pöschendorf, Schleswig-Holstein. From there, the renewable energy will seamlessly flow into Germany’s mainland network, significantly enhancing the country’s energy capacity.
  • NordOstLink: This project involves the laying of additional cables to bolster grid capacity and flexibility, ensuring a more resilient and efficient energy distribution system.

Both systems are scheduled for commissioning in 2033-34, marking a major milestone in Germany’s energy infrastructure evolution.

Strengthening a Proven Partnership

The contracts were awarded under an existing multi-year framework agreement between NKT and TenneT. NKT CEO Claes Westerlind expressed excitement about this new chapter in their collaboration: “We are thrilled to once again be selected as a key partner for TenneT’s ambitious 2GW Program. This confirms our strong partnership and NKT’s leading position in the high-voltage DC power cable market. We look forward to applying our advanced power cable technology to these two additional projects in Germany, which will enable the energy transition in Europe by facilitating the efficient transport of wind power from the North Sea to the onshore grid.”

A Commitment to Europe’s Energy Transition

These projects are not just about infrastructure; they represent a cornerstone of Europe’s energy transition strategy. By efficiently transporting renewable wind energy from the North Sea to the mainland grid, the LanWin7 and NordOstLink projects are vital to reducing carbon emissions and securing a sustainable energy future.#NKT #TenneT #HVDC #EnergyTransition #RenewableEnergy #NorthSeaWind #LanWin7 #NordOstLink #SustainableEnergy #GreenInfrastructure #WindPower #GridInnovation #EuropeEnergyLeadership

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European Fund Triumphs With €700M In Fresh Commitments

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Powering the Future: Marguerite 3 Advances the Energy Transition with Transformational Infrastructure Investments

Marguerite III: Transforming European Infrastructure with €700M Commitment

In a remarkable achievement, European infrastructure investment firm Marguerite has secured over €700 million in commitments for its third infrastructure fund, Marguerite 3. This milestone underscores the firm’s unwavering commitment to driving transformative infrastructure projects across Europe, with a strong focus on the energy transition and digital transformation.

A Vision Aligned with Sustainability

Marguerite 3 isn’t just about investment; it’s about impact. Every project undertaken is fully aligned with the goals of the Paris Agreement, ensuring a greener, more sustainable future. Beyond compliance, Marguerite actively engages with its portfolio companies to define pathways for improvement on critical Environmental, Social, and Governance (ESG) metrics. This dedication to sustainability solidifies Marguerite’s position as a leader in the infrastructure sector.

Backed by Trust and Global Appeal

The fund’s impressive success is built on trust and a robust track record. With continued support from previous investors, Marguerite III saw re-ups from all Limited Partners (LPs) involved in Marguerite 2. Additionally, the European Investment Fund stepped in to replace the European Investment Bank, further demonstrating the fund’s resilience and appeal. “We are pleased with the outcome of the Marguerite III fundraising despite a challenging environment, which reflects both the strength of our existing relationships and the trust of new investors,” said Nicolas Merigo, CEO and managing partner at Marguerite. The fund has also attracted significant commitments from new LPs outside Europe, showcasing its global appeal and the growing confidence in Marguerite’s strategy, expertise, and impact.

Strategic Deployment for Maximum Impact

Marguerite 3 has already deployed over 50% of its capital, demonstrating a proactive approach to building transformative projects. Investments include Nexun, a pan-European solar photovoltaic development platform, and SotySolar, a renewable energy services company based in Iberia. These projects align with Marguerite’s mission to tackle critical issues such as climate change mitigation, energy security, and digital infrastructure improvements. “Our focus is on building and expanding infrastructure that contributes to climate change mitigation, circular economy, and transportation services improvement,” said Merigo. “These themes are more relevant than ever, and we recognize our responsibility to generate benefits for our investors and stakeholders across Europe’s infrastructure ecosystem.”

A Legacy of Impact

Since its inception in 2010, Marguerite has committed over €2 billion to 45 infrastructure investments across 16 countries. This legacy reflects the firm’s ability to combine financial returns with meaningful, long-lasting societal and environmental impact. With its ambitious vision and proven expertise, Marguerite 3 is setting the standard for infrastructure investments that truly make a difference. This fund is not just building projects; it’s building a sustainable future. #InfrastructureInvestment #EnergyTransition #DigitalTransformation #ESG #ParisAgreement #SustainableGrowth #RenewableEnergy #GreenInvestment #EuropeanInfrastructure #ClimateAction #MargueriteFund #GlobalImpact

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European Energy Powers Ahead With 115MW UK Solar Sale

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Three game-changing solar projects, secured with corporate PPAs, are set to light up the UK by 2025

European Energy’s 115MW UK Solar Sale Marks a Green Milestone 

European Energy has announced the successful divestment of three solar projects in the UK, totaling an impressive 115MW in combined capacity. The sale, made to an undisclosed buyer, includes the Marksbury Plain, Kincraig, and Vicarage Drove solar farms—each paving the way for a brighter, greener energy future.

Powering the Future with Corporate Partnerships
The flagship Marksbury Plain project, located near Bath, Somerset, will play a pivotal role in delivering clean energy to Asahi Europe & International. The renowned beverage company has entered a multi-year virtual power purchase agreement (PPA) to source solar power for its UK operations, including the production of Asahi drinks. This partnership exemplifies how corporations are leveraging renewable energy to meet sustainability goals while fostering long-term energy security.

Meanwhile, the Kincraig project in Aberdeenshire, Scotland, and the Vicarage Drove project in Lincolnshire have also secured multi-year PPAs with a global corporate offtaker. Together, these solar farms are poised to generate over 120 GWh of clean energy annually, enough to power thousands of homes while significantly reducing carbon emissions. These projects underline the critical role of corporate partnerships in driving the energy transition.

A Strategic Leap for the UK’s Green Energy Landscape
Construction is well underway across all three sites, with grid connection slated for Q1 and Q2 of 2025. European Energy’s commitment to managing every stage of the project lifecycle—design, development, construction, and operation—has been pivotal in delivering these renewable energy assets.

Adam Spearey, UK Development Director for European Energy, expressed pride in the team’s ability to manage multiple solar farms across the UK simultaneously. “The significant value created across these three exemplar projects is testament to European Energy’s business model,” he said. “Our work contributes directly to the UK’s green transition, a vision we are deeply committed to.”

Expanding Horizons in Renewable Energy
Deputy CEO Jens-Peter Zink highlighted the UK’s evolution into a core market for European Energy. With an ambitious pipeline of solar, wind, and energy storage projects in development, the company is poised to lead the charge in transforming the UK’s energy landscape. The next wave of construction projects is already scheduled to break ground in 2025, reinforcing European Energy’s commitment to a sustainable future.

As the world faces increasing environmental challenges, the success of these solar projects underscores the importance of innovation and collaboration in the renewable energy sector. With initiatives like these, European Energy is not only meeting the demands of today but also laying the groundwork for a cleaner, more sustainable tomorrow. #RenewableEnergy #SolarPower #Sustainability #GreenEnergy #CorporatePPA #EnergyTransition #CleanEnergyFuture #EuropeanEnergy #NetZero #SustainableSolutions

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Welsh Leader Joins Groundbreaking Ceremony For Statkraft’s Game-Changing Project

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Eluned Morgan celebrates progress at Swansea's Greener Grid Park, paving the way for a renewable-powered future

Wales Breaks Ground on Pioneering Greener Grid Park Project

Wales has taken a bold step toward a cleaner energy future with the commencement of construction at the Swansea Greener Grid Park. In a landmark ceremony, attended by Eluned Morgan, the country’s First Minister, and Tore Hattrem, the Norwegian Ambassador to the UK, the groundbreaking event marked the start of a project that promises to revolutionize the stability of Wales’ electricity grid while supporting the integration of renewable energy.

A Game-Changing Grid Solution
Developed by Statkraft, a global leader in renewable energy, the Swansea Greener Grid Park is designed to address one of the biggest challenges of renewable energy: maintaining a stable and reliable power supply. At the heart of the project are six state-of-the-art rotating stabilisers, a cutting-edge technology that mimics the spinning turbines of traditional power stations. These stabilisers will ensure the grid’s frequency remains stable during faults or disturbances, eliminating the need to rely on fossil-fuel-powered plants.

This innovation is critical as it allows the grid to seamlessly integrate more renewable energy sources, moving Wales closer to its ambitious net zero and decarbonisation targets. The Greener Grid Park will not only contribute to energy security but also lower energy costs for homes, businesses, and industries across the country.

Supporting the Transition to Clean Energy
Statkraft’s project was awarded under phase three of the National Energy System Operator’s Stability Pathfinder Programme in 2022, which aims to modernize the UK’s energy infrastructure. By delivering stability services to the grid, this initiative is projected to generate £14.9 billion in savings between 2025 and 2035, offering a cost-effective pathway to a cleaner energy future.

In response to Swansea Council’s unanimous approval of the planning application, Statkraft enhanced the project by adding two additional synchronous compensators. This ensures the site will deliver even greater stability, further cementing its role as a cornerstone of Wales’ energy transition.

Driving Green Growth
First Minister Eluned Morgan highlighted the importance of such initiatives in meeting the future energy needs of Wales. “Wales’ electricity needs could treble by 2050, so it’s important that infrastructure like Statkraft’s Greener Grid Park in Swansea is in place to support the grid and ensure it can cope with the increasing demand in the most efficient and environmentally friendly way,” she said. “Schemes like this are important in ensuring we’re ready to continue the transition to more renewable energy, delivering on one of my priorities for green growth.”

Building a Clean Energy Superpower
Energy Minister Michael Shanks MP echoed this sentiment, emphasizing the significance of clean energy technology in transforming the UK into a global leader in renewable energy. “This is a huge milestone as work begins on the clean power grid stability scheme in Wales – a prime example of how Great Britain continues to back clean energy technology to unlock investment and power our homes and businesses,” he said. “Together with the Welsh Government, we want to see more projects like this in Wales and across the UK – creating skilled local jobs and propelling us towards our net zero goals.”

A Vision for the Future
Once operational, the Swansea Greener Grid Park will play a pivotal role in reducing Wales’ reliance on fossil fuels, strengthening energy security, and delivering a more affordable power supply. Beyond the immediate benefits, the project demonstrates the potential of innovative energy solutions to drive economic growth, create green jobs, and achieve a sustainable future for generations to come. As construction begins, the Greener Grid Park stands as a shining example of how technology and collaboration can deliver a cleaner, greener, and more resilient energy system. #RenewableEnergy #CleanEnergy #GreenerGridPark #NetZero #EnergyTransition #Wales #Statkraft #SustainableFuture #GreenGrowth #EnergySecurity

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Rising Star In Renewable Energy: O&M Newcomer Debuts With 3GW Powerhouse Portfolio

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Spain’s Megaom Goes Global: Managing 32 Renewable Energy Facilities Across Europe, Latin America, and the Middle East

Megaom: The Rising Star in Renewable Energy and Battery Asset Management

A new force in renewable energy is making waves on the global stage. Spain-based Megaom, a cutting-edge operation and maintenance (O&M) provider for renewable energy plants and battery storage assets, has officially launched with an impressive 3GW portfolio. This ambitious company is poised to redefine asset management for renewable energy with a presence spanning continents, operating 32 facilities across Spain, Mexico, Australia, Uruguay, Chile, Armenia, and Jordan.

A Powerhouse in Energy Storage
Among its standout achievements, Megaom is managing one of Europe’s largest battery energy storage systems, highlighting its expertise in optimizing the integration of renewable energy sources into modern energy grids. By maximizing energy production and enhancing system reliability, Megaom is setting new standards in renewable energy O&M.

A Team Built on Experience
With over 15 years of industry expertise, Megaom’s team is a powerhouse of talent. Their diverse backgrounds include cybersecurity, logistics optimization, advanced O&M strategies, and communication systems, making them uniquely equipped to tackle the challenges of renewable energy management in a rapidly evolving industry.

A Mission to Maximize Performance
Megaom’s mission is clear: to optimize renewable energy production and unlock the full potential of assets across their lifecycle. Their strategy includes tailored solutions for each plant, with a focus on improving performance from the initial startup phase through long-term operations. This commitment to precision and efficiency ensures that every kilowatt of energy is maximized, benefiting both clients and the environment.

A Global Footprint for Renewable Excellence
Operating across diverse markets, from Europe to Latin America and the Middle East, Megaom’s portfolio underscores its ability to adapt to unique regional challenges. Whether navigating the technical demands of large-scale solar plants in Spain or managing advanced battery systems in Europe, Megaom delivers unparalleled expertise.

Shaping the Future of O&M
As renewable energy becomes the backbone of the global energy transition, companies like Megaom are essential for ensuring the longevity and efficiency of these critical systems. By integrating state-of-the-art technology, operational flexibility, and a forward-thinking approach, Megaom is paving the way for a sustainable and secure energy future.

Join the Renewable Revolution
Megaom’s launch represents a significant step in the evolution of renewable energy O&M, positioning the company as a trusted partner in the quest for a greener planet. Their commitment to excellence not only ensures the efficient operation of renewable energy assets but also supports the global mission to combat climate change. #RenewableEnergy #BatteryStorage #O&MInnovation #GlobalEnergySolutions #Sustainability #EnergyTransition #Megaom #GreenFuture

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Powering The Future: UK Launches Bold Energy Planning And Grid Reforms

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Ed Miliband Unveils Ambitious Roadmap to Achieve 100% Clean Power by 2030

UK’s Clean Power Revolution: A Bold Plan to Build a Greener Future

The UK Government is taking decisive steps toward an energy revolution, unveiling measures to transform its power system into one driven by homegrown clean energy. This ambitious plan, spearheaded by Energy Secretary Ed Miliband, aims to clean up the grid, accelerate renewable energy projects, and deliver a secure, affordable energy future for all. With a target of achieving clean power by 2030, the roadmap signals a new era of sustainable growth, job creation, and environmental stewardship.

At the heart of the plan is a commitment to streamline the grid system, which currently struggles with inefficiencies and delays. The government proposes reordering the 739GW grid connection queue to prioritize advanced projects, empowering planners to fast-track critical energy infrastructure. This overhaul will not only speed up planning permissions but also unlock a potential £40 billion in annual investment, largely from private sources, to drive clean power projects across the UK.

Key Features of the Plan
One of the most innovative proposals includes expanding future Contracts for Difference (CfD) auctions, enabling projects to enter even before obtaining planning permission. By simplifying the process, the UK aims to rapidly increase the deployment of renewable energy, including offshore and onshore wind, solar power, and advanced grid infrastructure.

The government is also bringing onshore wind farms larger than 100MW back into the Nationally Significant Infrastructure Project (NSIP) regime in England, making it easier for such projects to gain approval. Additionally, a new Planning and Infrastructure Bill is in the pipeline, designed to streamline the delivery of clean energy projects and ensure that local communities directly benefit from hosting renewable energy infrastructure.

To provide a clear direction, the government will update the National Policy Statements for energy, ensuring that planners understand the importance of delivering the right mix of clean power and infrastructure for 2030. This clarity will be crucial for building an energy system that not only supports environmental goals but also reduces energy bills for households and businesses.

A Green Economy Boost
This clean power roadmap is about more than just reducing carbon emissions; it’s a blueprint for economic growth. By prioritizing renewable energy, the UK aims to create thousands of high-quality jobs in engineering, manufacturing, and construction. From welders and mechanics to renewable energy experts, the plan promises to deliver opportunities that will benefit communities across the country.

The independent National Energy System Operator (NESO) has confirmed that achieving a clean power system by 2030 is not only possible but also cost-effective. A cleaner energy mix will lead to lower electricity prices, reduced reliance on volatile global energy markets, and enhanced energy security.

A National Mission for Change
Ed Miliband underscored the urgency of this transition: “The era of clean electricity is about harnessing the power of Britain’s natural resources so we can protect working people from the ravages of global energy markets. The clean power sprint is the national security, economic security, and social justice fight of our time – and this plan gives us the tools we need to win this fight for the British people.”

Environmental groups, like Greenpeace UK, have welcomed the plan but called for even greater ambition. Doug Parr, Policy Director at Greenpeace, emphasized the need to triple offshore wind and solar capacity and double onshore wind generation to meet the challenge. He also cautioned against reliance on biomass and carbon capture and storage (CCS), arguing that resources would be better spent on expanding renewables and energy storage infrastructure.

The Winds of Change
The UK’s clean power plan represents a pivotal moment in the nation’s journey to a greener, more sustainable future. With a focus on renewable energy, streamlined infrastructure, and community benefits, it sets the stage for an energy system that can power economic growth, protect the environment, and lower bills for all.

The winds of change are indeed blowing, and they carry with them the promise of a cleaner, brighter future for Britain. #CleanEnergy #Renewables #UKEnergyPlan #Sustainability #GreenEconomy #OffshoreWind #OnshoreWind #SolarPower #EnergyTransition #Decarbonization

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Green Light For Boralex: 49.9MW Energy Storage Project Powers Up Scotland’s Future

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Wind of Change: Welsh Wind Farm Secures Green Light for a Sustainable Future

Boralex Breaks Ground with Game-Changing Renewable Energy Approvals in Scotland and Wales

In a significant milestone for renewable energy in the UK, Boralex has secured planning permission for its first-ever Battery Energy Storage System (BESS) project in Scotland. The 49.9MW Loch Toftingall BESS in Caithness has been greenlit by The Highland Council, marking a pivotal moment for the company’s expansion into the UK market. This cutting-edge energy storage system underscores Boralex’s expertise, honed through successful projects in France and Canada, and represents a vital step towards decarbonizing the UK’s energy landscape.

Boralex’s commitment to a greener future doesn’t stop there. The company has also received approval from the Welsh government for its Dragon LNG wind farm project in Pembrokeshire. This innovative project will feature three wind turbines at the Dragon LNG Renewable Energy Park, strategically located near the LNG Terminal in Waterston, Wales. The terminal itself plays a crucial role in the UK’s energy supply chain, capable of meeting up to 10% of the country’s gas demands.

The addition of these wind turbines complements the site’s existing solar farm, bringing renewable energy generation to an impressive 47% of the terminal’s annual electricity consumption. This leap forward represents a major stride in Dragon LNG’s decarbonization journey, showcasing the potential of integrating diverse renewable technologies to power high-energy industries sustainably.

Esbjörn Wilmar, Country Director for Boralex in the UK, highlighted the team’s dedication in achieving these significant wins. “We are delighted that the hard work and dedication of our team has been rewarded with the positive results we have achieved recently. These projects will contribute to Boralex’s aim of delivering renewable energy in the UK,” he said.

Wilmar emphasized the company’s vision to solidify the UK as a core market. With a growing portfolio of renewable energy initiatives, Boralex is advancing its mission to deliver sustainable power through both new developments and strategic acquisitions. “We are moving forward with delivering one of Boralex’s strategic objectives, to grow its presence in the UK,” he added.

As Scotland prepares to harness the power of BESS and Wales integrates wind energy into its infrastructure, Boralex’s projects underscore the UK’s momentum in achieving its renewable energy goals. These groundbreaking initiatives not only bolster local energy resilience but also position Boralex as a leader in the global renewable energy transition. #RenewableEnergy #BESS #WindEnergy #Sustainability #Boralex #Scotland #Wales #Decarbonization #EnergyStorage #GreenFuture

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R Power Energizes Portugal With Trio Of Solar Power Projects

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Powering Up Portugal: R Power connects 22MW of solar energy across Tremes, Alhais, and Elvas, lighting the path to a greener future

R Power Lights Up Portugal with Trio of Solar Farms 

Polish renewable energy developer R Power has reached a new milestone with the launch of three solar farms in Portugal, collectively boasting a total capacity of 22MW. These state-of-the-art facilities, located in Tremes, Alhais, and Elvas, are now connected to the Portuguese power grid, contributing to the country’s renewable energy goals.

A Growing Portfolio in Portugal

The three new solar farms mark an important step in R Power’s expansion across Portugal, with plans to commission additional projects by the end of the year. This will bring R Power’s operational solar portfolio in the country to approximately 35MW, solidifying its position as a key player in the European renewable energy market.

Innovative Solar Technology

Each site leverages cutting-edge technology to maximize efficiency:

  • The Tremes facility in the Santarem region uses fixed mounting structures, ensuring stability and cost-effectiveness.
  • The Alhais (Pombal region) and Elvas (Alentejo region) farms are equipped with tracking systems, which adjust the solar panels throughout the day to capture the most sunlight possible.

Across the three sites, over 40,000 solar panels have been installed, covering an expansive 45 hectares—equivalent to roughly 60 football fields.

Part of a European Energy Revolution

These solar farms are a key part of R Power’s broader strategy to expand renewable energy projects across Europe. With active developments in Poland, Portugal, Spain, Italy, Romania, and Germany, the company is rapidly growing its presence in both solar and wind energy sectors, helping to accelerate Europe’s transition to a sustainable future.

Expert Construction and Maintenance

The construction of the three farms was carried out by Nomad Electric Services, a trusted partner known for delivering high-quality renewable energy projects. Nomad will also handle operations and maintenance (O&M), ensuring the long-term performance and reliability of the installations.

A Step Toward Sustainability

R Power’s investment in Portugal underscores its commitment to building a greener future through renewable energy. By utilizing advanced solar technologies and fostering international partnerships, the company is not only reducing carbon emissions but also supporting local economies and energy independence. As R Power continues to expand its footprint in Europe, these Portuguese solar farms stand as a shining example of how innovative, sustainable energy solutions can transform the way we power our world. #SolarEnergy #RenewablePower #RPowerPortugal #SustainableFuture #CleanEnergy #GreenInnovation #SolarFarms

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US Firm Secures Financial Milestone For Arizona Solar Power Project

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Powering Arizona's Future: Longroad Energy is bringing the 111MWdc Sun Pond solar site to life, paired with 85MWac of cutting-edge energy storage

Longroad Energy Breaks Ground on 111MW Sun Pond Solar and Storage Project in Arizona 

In a significant step forward for renewable energy, Longroad Energy has reached financial close for the Sun Pond project, a cutting-edge solar and storage initiative in Maricopa County, Arizona. This ambitious project combines a 111MWdc solar plant with an 85MWac/340MWh energy storage system, cementing Arizona’s growing role in the clean energy revolution.

Part of the Longroad Sun Streams Complex

Sun Pond is a key component of the Longroad Sun Streams Complex, a series of renewable energy projects that are redefining Arizona’s energy landscape. With construction already underway, the project is expected to achieve commercial operations by mid-2026.

Powering California and Local Communities

The electricity generated by the Sun Pond project will serve customers in California, thanks to long-term Power Purchase Agreements (PPAs) with the City of San Jose and Ava Community Energy. These agreements underscore the project’s far-reaching impact, providing clean, reliable power to communities hundreds of miles away while boosting local economies.

A Multi-Billion Dollar Investment in Maricopa County

Paul Gaynor, CEO of Longroad Energy, shared the significance of the project:
“With the financial close and commencement of construction of Sun Pond, Longroad has achieved more than 970MWdc of financed and under-construction solar projects in Maricopa County, representing US$2 billion in investment.”

Beyond energy production, the Sun Pond project delivers tangible benefits to local communities:

  • $30 million in revenue for public schools and local jurisdictions through lease and tax payments.
  • Creation of family-sustaining jobs, supporting local workers and businesses.
  • Strengthened grid reliability through a combination of solar power and advanced energy storage.

Commitment to Clean Energy and Community Growth

Gaynor emphasized the dual purpose of Longroad’s projects:
“The project exemplifies our commitment to delivering meaningful benefits to energy buyers and communities. We are providing customers with clean, affordable renewable energy while contributing to the local economy.”

Shaping Arizona’s Renewable Energy Future

As Longroad Energy continues to expand its presence in Maricopa County, the Sun Pond project stands as a testament to the company’s mission to drive sustainable growth through clean energy. With its blend of advanced technology, economic investment, and environmental stewardship, Sun Pond is poised to become a beacon for renewable innovation. #SunPondProject #SolarPower #EnergyStorage #LongroadEnergy #RenewableEnergy #ArizonaEnergy #CleanEnergyFuture