Tag: Sustainable Growth

Elawan Energy Partners with Google for 37MW Solar Power Project in Texas

Elawan Energy has just signed a groundbreaking power purchase agreement (PPA) with Google, securing the output from a 37MW solar project in Texas, USA. This exciting deal underscores Google’s ongoing commitment to powering its operations with 100% renewable energy, while also boosting Elawan’s presence in North America. Set to begin operations in 2026, the project is already in an advanced stage of development. The agreement was facilitated through the LevelTen Energy Accelerated Process (LEAP), a platform co-developed by Google and LevelTen Energy to streamline clean energy PPAs. This partnership ensures Google can access reliable, green energy quickly and efficiently—a significant step towards achieving its ambitious sustainability goals. 

For Elawan Energy, this deal marks yet another milestone in its North American expansion. Backed by its parent company Orix, Elawan currently operates 1.8GW of renewable energy projects worldwide, with a staggering 8GW pipeline under development. In the US, Elawan manages over 300MW across the ERCOT, SPP, and PJM regions, and its Houston office is driving local development efforts. This new Texas solar scheme not only strengthens Elawan’s footprint in the region but also aligns with its mission to accelerate the global energy transition. By teaming up with tech giants like Google, Elawan is proving that partnerships between energy innovators and global corporations can play a crucial role in advancing clean energy adoption. This isn’t just a win for Google and Elawan—it’s a win for the planet. With more corporations embracing renewable energy, the momentum is building for a sustainable, low-carbon future. #CleanEnergy #RenewableEnergy #SolarPower #Google #TexasSolar #Sustainability #ElawanEnergy #EnergyTransition #GreenEnergy #TechMeetsSustainability #PowerPurchaseAgreement #ClimateAction #FutureOfEnergy

Sonnedix Expands Italian Presence with Acquisition of 80MW Solar Plant in Sicily

Global solar power leader Sonnedix has taken a major step in expanding its Italian portfolio by acquiring an 80MW solar plant in Sicily from Blunova. This acquisition follows the purchase of three additional sites from Blunova in southern Italy, signaling Sonnedix’s ongoing commitment to growing its presence in the region.But Sonnedix isn’t stopping there. The company has set its sights on six more solar plants, with agreements expected to close by mid-2025. When finalized, these deals will boost Sonnedix’s total operating capacity in Italy to nearly 800MW.  Together, these 10 projects, totaling 250MW, are contracted under Italy’s Gestore dei Servizi Energetici (GSE) FER 1 auction round. This provides Sonnedix’s customers with stable, long-term electricity prices for the next 20 years—offering both energy security and affordability.

Sonnedix’s CEO Axel Thiemann celebrated this latest milestone, stating, “Today’s announcement is a major achievement in our growth strategy for Italy. By acquiring these plants, we’re on track to double our operating capacity, while delivering clean, affordable, and reliable energy to Italian consumers.” With deep expertise in the Italian market, Sonnedix is well-positioned to optimize and expand its renewable energy projects. The company’s proven track record and strong local partnerships make it the ideal owner of these assets. Sonnedix’s head of growth for Italy, Giuseppe Maronna, emphasized the importance of these acquisitions, noting, “The acquisition of these 10 plants is key to our growth strategy in Italy, providing customers with fixed, long-term prices for renewable energy.” He also highlighted the company’s ongoing partnership with Carlo Maresca Group, which will play a pivotal role in accelerating Italy’s energy transition. With Italy’s renewable energy sector gaining momentum, Sonnedix is at the forefront, driving forward the country’s move towards a sustainable energy future. #SolarPower #RenewableEnergy #CleanEnergy #ItalySolar #EnergyTransition #SicilySolar #Sonnedix #Blunova #Sustainability #SolarGrowth #GreenEnergy #ItalianRenewables #EnergyForTheFuture #ClimateAction

Doral Selects IHI Corporation for Operations & Maintenance of Mammoth Solar Project in Indiana

In a significant move for the US solar sector, Doral Renewables has chosen Japan’s IHI Corporation to handle operations and maintenance (O&M) services for several key solar farms in Indiana. The Mammoth South, Mammoth Central 1, and Mammoth Central 2 solar projects will all benefit from the expertise of IHI Power Services Corporation (IPSC), a subsidiary of IHI Corporation. This partnership builds on Doral’s initial decision to bring IPSC on board for asset management of both the Great Bend Solar and Mammoth North Solar projects. Combined, all phases of the Mammoth Solar Project are expected to deliver an impressive 1.3GW of clean energy—solidifying it as one of the largest solar undertakings in the US. 

With full construction of the remaining three phases scheduled for the first quarter of 2025, the Mammoth North phase is already set to become operational in the coming weeks. Spanning Starke and Pulaski Counties, the Mammoth Solar project will generate millions in tax revenue and create hundreds of jobs in the local community. This project is a win for both the economy and the environment. What sets Mammoth Solar apart is its innovative approach to agrivoltaics, integrating solar energy with livestock grazing and crop cultivation. This dual-use strategy enables farmers to continue their operations, optimising land use and driving additional revenue while contributing to the nation’s growing clean energy needs.  IPSC president and CEO John Keller expressed pride in the continued partnership with Doral, stating, “Doral’s continued trust in IPSC to support their growing number of solar projects showcases the dedication to high-quality service that IPSC provides.” He added that this collaboration demonstrates a shared commitment to supporting local communities and expanding the renewable energy sector. With Doral developing over 13GW of solar and storage projects across the US and locking in $2.5 billion in long-term power purchase agreements, the company is poised to play a pivotal role in the country’s energy transition. #RenewableEnergy #SolarPower #GreenEnergy #Sustainability #CleanEnergy #IndianaSolar #Agrivoltaics #DoralRenewables #IPSC #IHICorporation #MammothSolar #EnergyTransition #SolarJobs #ClimateAction

Ib Vogt Powers the Future with 110MWp Solar Project Sale in Spain

International solar leader Ib Vogt has finalized the sale of a groundbreaking 110MWp solar project in Segovia, Spain, to NextPower V ESG, a fund managed by NextEnergy Capital. The project, known as the Pato Solar Farm, began construction in March 2024 and is on track to reach commercial operation by the first quarter of 2025. Once fully operational, the solar farm will generate an impressive 215.6GWh of clean energy annually, enough to power over 55,000 homes and cut carbon emissions by around 47,450 tonnes per year. That’s equivalent to eliminating the use of 15,000 tonnes of oil annually! 

To ensure maximum sustainability, the site is equipped with bifacial tracking solar panels, boosting energy efficiency throughout its lifecycle. In addition, Ib Vogt and NextEnergy Capital will collaborate to enhance the project with a battery energy storage system in the coming years. The Pato Solar Farm isn’t just about clean energy—it’s about preserving nature, too! The site includes newly created ponds to support wildlife like amphibians, nest boxes for owls, and native plants to promote biodiversity.  Ib Vogt CEO Anton Milner expressed pride in the project’s contribution to Spain’s energy transition, saying, “This project not only advances sustainability goals but also brings significant economic benefits through clean energy generation.” With a strong focus on quality and sustainability, the Pato project exemplifies a low-risk, high-potential investment. NextEnergy Capital’s managing director, Antonio Salvati, highlighted the project’s importance, noting, “Spain offers one of the highest levels of solar irradiation in Europe, making it a prime target for further investments.” This marks NextPower V ESG’s second major acquisition in Spain, with more opportunities on the horizon.

The Pato Solar Farm is part of Ib Vogt’s broader portfolio in Segovia, contributing to 513MWp of solar capacity, advancing Spain’s ambitious goal of achieving 100% renewable energy by 2050. Ib Vogt will handle all aspects of the project, including engineering, procurement, construction, and post-completion operations and asset management. With the support of Augusta & Co as financial advisors and Herbert Smith Freehills and Watson Farley Williams providing legal expertise, the project sets the stage for a greener future. #CleanEnergy #SolarPower #RenewableEnergy #GreenTransition #Sustainability #SpainSolar #EnergyStorage #NetZero #CarbonNeutral #IbVogt #NextEnergyCapital #FutureOfEnergy

ABP Unveils Ambitious Plans for Barrow Port, Including Floating Solar Farm

Associated British Ports (ABP) has revealed exciting plans for the future of Barrow Port, including a groundbreaking floating solar farm. The ambitious blueprint aims to position Barrow as a sustainable and forward-thinking industrial hub. The Barrow EnergyDock, the first major project under ABP’s masterplan, is set to go to public consultation soon. This innovative initiative involves the installation of a 32MW floating solar farm in Cavendish Dock. Kirsten Abbott, Commercial Manager (Energy) at ABP, expressed the company’s enthusiasm for the project, highlighting its potential to meet the green energy needs of Barrow’s industries and solidify the port’s reputation as a progressive industrial center.

Michelle Scrogham, MP for Barrow and Furness, praised ABP’s visionary approach and emphasized the long-term benefits that the masterplan will bring to the community. She expressed her excitement about the new opportunities that these plans will create for the people of Barrow. Barrow has already established itself as a key player in the offshore wind industry. With five operations and maintenance (O&M) bases already in place, ABP is planning to expand its facilities to accommodate the growing sector. This includes the construction of new O&M bases and berths capable of handling larger service operation vessels (SOVs). One such development is the Walney Channel O&M Base, where ABP has identified 4.7 acres of land adjacent to Ramsey Way. This site will provide essential facilities to support future wind energy projects, including warehousing, crew facilities, and marine access points for SOVs and Crew Transfer Vessels (CTVs).

Beyond O&M facilities, ABP aims to support the construction process of wind farms themselves. With an estimated £17bn investment in wind energy expected to come to the Eastern Irish Sea under the Round 4 process, Barrow’s expansion will ensure its position as a hub for wind energy, creating high-skill jobs and driving economic growth. The blueprint also includes exciting proposals for maritime connections to support hydrogen import and carbon storage. ABP’s masterplan serves as a “call to action” for all stakeholders in Barrow to collaborate and ensure the town’s continued success in adapting to and thriving in the face of new opportunities. #ABP #BarrowPort #FloatingSolarFarm #RenewableEnergy #OffshoreWind #GreenEnergy #Sustainability #IndustrialHub #EconomicGrowth #JobCreation #Hydrogen #CarbonStorage

Hecate Energy and Bechtel Join Forces for Michigan’s Largest Solar Power Project

Hecate Energy has chosen Bechtel, a global leader in engineering and construction, to spearhead the design and build of the massive 360MW(dc) Sunfish Solar 2 PV project in Michigan. Set to break ground later this year, this landmark project will not only accelerate the state’s clean energy transition but also generate over 350 construction jobs at its peak.

Located in Calhoun County, Sunfish Solar 2 will be one of Michigan’s largest solar facilities, marking a significant milestone in the state’s ambitious plan to produce 50% of its energy from renewable sources by 2030. With a sprawling 1,300-acre site, the project will feature 620,000 state-of-the-art bifacial solar panels, maximizing energy generation by capturing sunlight from both sides.

Scheduled for completion in 2026, Sunfish Solar 2 is the most advanced project in Hecate’s 1GW pipeline, reflecting a bold step toward a sustainable future. Bechtel will not only design, construct, and commission this renewable energy powerhouse but also leverage cutting-edge autonomous technologies to enhance project efficiency and delivery.

Scott Austin, Bechtel’s General Manager of Renewables & Clean Power, expressed his enthusiasm for the project, stating, “We are proud to support Michigan’s renewable energy goals with this milestone project, contributing to a cleaner, more sustainable future while also creating high-quality clean energy jobs.”

Fazli Qadir, Hecate Energy’s Chief Technology Officer and Executive Vice President of Engineering, Procurement, and Construction, echoed this sentiment, saying, “We are delighted to partner with Bechtel on Sunfish Solar 2. Bechtel brings more than 80 years of experience in delivering renewable energy projects and shares our commitment to a cleaner, greener future and long-term benefits for electricity consumers.”

As Michigan moves closer to its renewable energy goals, the Sunfish Solar 2 project stands as a beacon of innovation and collaboration, driving the state toward a greener tomorrow.

#RenewableEnergy #SolarPower #GreenEnergy #SustainableFuture #MichiganRenewables #CleanEnergyJobs #SolarProjects #Bechtel #HecateEnergy #GreenMichigan #ClimateAction #SolarTechnology #EnergyTransition

Qair Acquires Majority Stake in Green Switch Capital, Supercharging Its UK Renewable Energy Ambitions

Qair has taken a significant leap forward in the UK’s renewable energy landscape by acquiring a majority share in Green Switch Capital (GSC), a prominent developer of onshore wind, solar, and storage projects. This strategic acquisition marks a major step in Qair’s plan to expand and diversify its presence in the UK, positioning itself as a leading player in the renewable energy sector.

Expanding Horizons: A 15GW Renewable Pipeline

Green Switch Capital has developed an impressive pipeline exceeding 15GW, with half of these projects already securing crucial elements such as grid offers, land leases, and grid connections. The first of these projects are expected to come online by 2026, further boosting Qair’s growing portfolio. This acquisition will enable Qair to tap into GSC’s extensive pipeline, extending its reach into sizable storage projects and enhancing its ability to offer competitive, integrated energy solutions to its clients.

Strengthening Qair’s UK Presence

Since its entry into the UK market in 2022, Qair has quickly established a strong foothold, securing 2GW of offshore wind capacity in Scotland through the ScotWind leasing round, alongside two Energy-from-Waste projects and a significant onshore wind and solar PV pipeline. The addition of Green Switch Capital’s assets solidifies Qair’s position as a formidable Independent Power Producer (IPP) in the UK, reinforcing its commitment to addressing the evolving energy needs of its customers while supporting their sustainability goals.

Qair’s CEO, Louis Blanchard, expressed his enthusiasm about the acquisition, stating, “We are pleased to welcome such a skilled team to Qair. This acquisition perfectly aligns with our strategic goal of expanding our presence in the UK market and further strengthens our commitment to delivering competitive renewable energy solutions. Qair is now well-positioned to become a major player in key European markets.”

A Strategic Partnership for the Future

For Green Switch Capital, joining forces with Qair represents a significant opportunity to accelerate its growth and impact within the UK energy market. GSC’s CEO, Markus Wierenga, shared his excitement about the partnership, saying, “We are delighted to have joined the Qair group. The expertise and experience that Qair will bring to the GSC team will accelerate the development in turning the business into a significant IPP player in the UK energy market.”

As Qair integrates Green Switch Capital into its operations, the company is poised to drive forward the UK’s transition to renewable energy, contributing to a more sustainable and resilient energy future. With a robust pipeline, a growing portfolio, and a shared commitment to innovation, Qair and GSC are set to make a lasting impact on the UK’s renewable energy landscape. #RenewableEnergy #UKEnergy #GreenEnergy #WindPower #SolarPower #EnergyTransition #Qair #GreenSwitchCapital #Sustainability #EnergyStorage #CleanEnergyFuture

KGAL Fund Enters the Czech Solar Market with a Major 50MW Project Acquisition

KGAL’s renewable energy fund, ESPF 5, has made a bold move into the Czech market by acquiring the 50MW PVPP Saxonie solar project near the northern Bohemian city of Most. This marks the eleventh transaction for ESPF 5, expanding its portfolio across a sixth European country, and demonstrating its commitment to driving the clean energy transition in emerging markets.

Czech Republic: A Rising Star in Renewable Energy Investment

The Czech Republic is rapidly emerging as a hotbed for renewable energy investments, and KGAL is seizing the opportunity. The country has set ambitious climate targets that have been raised multiple times, making it a highly attractive destination for investors looking for growth and stability. The Czech government aims to more than double its solar capacity from the current 3.6GW to 8GW by 2030, while also tripling its wind power capacity to 1.5GW.

“In order to achieve these targets, investors are receiving state subsidies for their projects. Solar and wind projects are responding with dynamic expansion,” said André Zücker, Co-Chief Executive of KGAL. This favorable environment is drawing significant investor interest, positioning the Czech Republic as a key player in Europe’s renewable energy landscape.

Low Volatility and High Impact: The Czech Market’s Unique Appeal

One of the standout features of the Czech energy market is its low electricity price volatility, with spot market transactions conducted in euros. This stability provides an attractive risk profile for investors compared to other markets. However, the country’s current electricity mix still heavily relies on coal, which accounts for over 40% of its generation. This results in a CO2 impact well above the EU average, highlighting the urgent need for more climate-neutral energy solutions.

“With the climate-neutral electricity from the solar park near Most, our KGAL ESPF 5 fund will achieve a particularly high impact,” Zücker added. The 50MW PVPP Saxonie project will play a crucial role in reducing the carbon footprint of the region and accelerating the shift away from coal dependency.

Next Steps: Building a Cleaner Future with PVPP Saxonie

The construction phase for the PVPP Saxonie solar park is set to kick off soon, with grid connection planned for the third quarter of 2025. Most of the electricity generated will be marketed through a long-term Power Purchase Agreement (PPA), ensuring stable returns and fostering sustainable energy practices.

The project was acquired from Sev.en Inntech a.s., a Czech company that not only sold the solar project but also operates the local power grid to which the solar park will be connected next year. This synergy between local operators and international investors like KGAL is a promising sign of the collaborative efforts needed to meet Europe’s renewable energy goals.

Looking Ahead: A Green Horizon for KGAL and the Czech Republic

As the final closing of the Article 9 impact fund is set for October 2024, KGAL continues to strengthen its foothold in Europe’s renewable energy market. With this strategic entry into the Czech Republic, KGAL is not just investing in solar power but also contributing to a cleaner, more sustainable future for the region.

This latest acquisition underscores the growing appeal of the Czech market for renewable energy investors and highlights the dynamic expansion opportunities in the solar and wind sectors. As KGAL and ESPF 5 continue to build on this momentum, they are paving the way for a greener, more resilient energy landscape in Central Europe. #SolarEnergy #RenewableInvestment #CzechRepublic #CleanEnergy #GreenTransition #SustainableFuture #PPAs #EnergyMarket #ClimateImpact #KGAL