Categories
News

Powering Up: England’s Monumental 500MW Battery Energy Storage Project Receives Go-Ahead

 

Electrifying Leicestershire: Exagen’s Groundbreaking 500MW/1GWh Battery Project Gets Green Signal

               Exciting news from the heart of Leicestershire! Blaby District Council has given the nod to UK developer Exagen for an ambitious grid-scale battery energy storage project. The Normanton Energy Reserve, set to be one of Europe’s largest projects of its kind, is poised to revolutionize the UK’s National Grid. Let’s unpack this mega project. Situated to the northeast of Earl Shilton, this 500MW/1GWh project isn’t just about storing energy; it’s about transforming the landscape of renewable energy in the UK. After extensive public consultations and careful planning, the project promises to enhance local biodiversity by over 25% with new habitats and extensive woodland. Picture this: a battery capable of powering 235,000 homes for two hours, covering 80% of the homes in Leicestershire. This isn’t just any battery; it’s set to be one of the largest Battery Energy Storage Systems (BESS) in the UK. But there’s more! This £270m site, around ten times larger than most current grid storage batteries, will connect directly to the energy network. Its role? To maintain grid stability amidst the growing demand for electricity.

               Exagen has big plans. They emphasize that by 2050, the UK will need up to 35GW of storage capacity to meet net zero targets. The Normanton Energy Reserve alone will contribute 1.4% to this national goal. It’s not just a project; it’s a vital step towards the UK’s net-zero transition, ensuring safe and sustainable energy for homes and businesses. What’s happening on the ground? About 45% of the 19-acre site will be dedicated to improving biodiversity. There will be new wildflower meadows, spaces for beekeeping, and enhanced green spaces with the expansion of Normanton Millennium Wood. This project aims to boost biodiversity habitat units by over 25%. But Exagen’s commitment doesn’t end there. They plan to establish a community fund for local area improvements, building on their ongoing community engagement like sponsoring Thurlaston Junior Football Club. Once construction begins, £250,000 will be available for local projects and groups, with an additional £50,000 per year during the operational life of the project, totaling around £4m. As construction approaches, Exagen will focus on landscaping works and planting, followed by pre-construction activities. They aim to partner with local businesses, showcasing their commitment to community and local economy. Jeremy Littman, Exagen Development’s CEO, underscores the importance of this project. “For the UK to achieve its 2050 net zero target at the lowest possible cost, increasing electricity storage capacity is crucial,” he states. “Projects like Normanton are vital, and we’re committed to developing them in partnership with local communities.” This isn’t just a storage facility; it’s a beacon of sustainable progress. Exagen is set to embark on a journey to operationalize this project in the spirit of partnership, positioning themselves as a vital and proactive member of the local community. Stay tuned as we witness the unfolding of this monumental project! 🌱🔋🌍 #SustainableEnergy #GreenTech #BatteryStorage #ExagenProject #Leicestershire #RenewableEnergy #NetZero2050 #CommunityEngagement #EcoFriendly #CleanEnergyFuture

 

 

 

 

 

Credits: [Image: Exagen]

Categories
News

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

 

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]

Categories
News

Breaking New Ground: AES Locks in Major Investor for Pioneering US Solar and Storage Endeavor

 

Revolutionizing the Energy Landscape: AES and HASI’s Bold Leap into a Sustainable Future

               In an era where sustainability is not just a choice but a necessity, AES Corporation, a trailblazer in independent power production, has struck an innovative deal with HASI, heralding a new chapter in America’s renewable energy saga. HASI’s commitment is not just an investment; it’s a testament to the power of collaborative innovation. They are injecting structured equity into a colossal 605MW portfolio, a tapestry of energy projects that stretches across seven power markets in 11 states, including key locations like Arizona, California, and New York. This portfolio is a mosaic of over 200 operational renewable energy installations, predominantly comprising community solar and commercial and industrial solar schemes. Significantly, over a third of this capacity is bolstered by cutting-edge battery energy storage, showcasing a leap into the future of energy resilience and efficiency.

               With a robust average contract life of 16 years, these installations aren’t just short-term projects; they’re long-term commitments to our planet. The portfolio secures stable cash flows, backed by a diverse array of primarily investment-grade off-takers, including corporations, utilities, and municipal entities. AES’s role continues to be pivotal, retaining ownership and operational duties, reinforcing their reputation as a leader in the sustainable energy domain. This transaction is more than a deal; it’s a reinforcement of the enduring partnership between HASI and AES. Remember their previous venture in January 2023? That was a substantial equity investment in a 1.3GW portfolio of operating utility-scale solar and wind projects. HASI’s Chief Client Officer, Susan Nickey, encapsulates the spirit of this venture: “Our partnership with AES is a cornerstone in our journey towards accelerating the energy transition. AES’s leadership in aligning renewable energy supply with demand is exactly what our industry needs. This investment is not just an expansion of our partnership but a diversification and scaling of our balance sheet. In conclusion, this partnership between AES and HASI isn’t just a business transaction; it’s a beacon of hope and a blueprint for the sustainable transformation of our energy landscape.

#EcoFriendlyFuture #PoweringTomorrow #GreenEnergyRevolution

 

 

 

 

 

 

Credits: [Image: AES and HASI]