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Boralex Signed its first PPA in the UK with Statkraft for 106MW Limekiln Wind Farm

Statkraft and Boralex Corporate PPA Deal 2024 small

/Edinburgh, United Kingdom, July 17, 2024, 9:30 BST, Boralex Inc./ Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to announce the securement of a power purchase agreement (PPA) for its flagship 106MW Limekiln Wind Farm near Thurso in Caithness, Scotland. Having successfully achieved a government-backed Contract for Difference (CfD) in Allocation Round 5 in September last year, Boralex has gone on to agree a PPA with Statkraft, one of the leading PPA providers in the UK, for a 3-year contract covering the period between commissioning of the wind farm, expected by the end of 2024, and the start of the CfD in April 2028.

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Renewable Market Watch™ published a new report titled "France Solar Photovoltaic (PV) Power Market Outlook 2024÷2033 with Trends, Investments, Financial Model, Analysis, Forecast"

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/LONDON, July 16, 2024, 11:30 BST, RENEWABLE MARKET WATCHTM/ France is among the best performers in Europe in the share of installed small-scale solar generation capacity (<1 MW). The French residential solar market is currently in a state of rapid growth. This growth is being driven by a number of factors, including rising electricity prices, the desire for energy independence, the increasing availability of financing options, and the growing popularity of solar battery storage systems. The current cumulative installed PV capacity in France grew up from 1 GW in 2010 to over 18.7 GW at the end of 2023. French prosumers have a wide range of governmental support mechanisms that either subsidise the adoption of flexible technologies or allow for direct monetisation of their assets. Current government plans and legislative changes show firm intentions to continue the existing support and increase solar self-consumption and the number of prosumers..

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Tripling Renewables by 2030 Requires a Minimum of 16.4% Annual Growth Rate According to the International Renewable Energy Agency (IRENA)

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/Abu Dhabi, United Arab Emirates, July 11, 2024, 8:30 BST, IRENA/ The Renewable Energy Statistics 2024 released by the International Renewable Energy Agency (IRENA) today shows that despite renewables becoming the fastest growing source of power, the world risks missing the tripling renewables target pledged at COP28. To stay the course, the world will now have to grow renewables capacity at a minimum 16.4% rate annually through 2030. The unprecedented 14% increase of renewables capacity during 2023 established a 10% compound annual growth rate (2017-2023). Combined with the constant decreasing additions of non-renewable capacity over the years, the trend sees renewable energy on its way to overtake fossil fuels in global installed power capacity.

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Bekaert and Rezolv Energy Signed a Power Purchase Agreement (PPA) for 100 GWh from VIFOR Wind Farm in Romania

Bekaert and Rezolv Energy Corporate PPA VIFOR Wind Farm Romania small

/BUCHAREST, July 4, 2024, 9:00 CEST, Bekaert, Rezolv Energy/ Rezolv Energy, the Actis-backed independent power producer in Central and Southeastern Europe, through their project subsidiary First Looks Solutions S.R.L., have signed a 10-year Virtual Power Purchase Agreement (VPPA) in Romania with Bekaert, a global leader in steel wire transformation and coating technologies. This is one of the largest PPAs ever signed in the region. The deal will see Bekaert buy 100 GWh of additional renewable power per year, reducing annual emissions by more than 41 000 tonnes of CO2e. The power will come from the 461MW ‘VIFOR’ wind farm, which has been developed by Rezolv and Low Carbon in Buzău County, Romania.

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Masdar Acquires the Greek Energy Company GEK TERNA in a Remarkable €3.2 Billion Deal

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/ABU DHABI, UAE & ATHENS, June 20, 2024, 11:30 BST, Masdar/ Abu Dhabi Future Energy Company PJSC – Masdar (“Masdar”), the UAE’s clean energy leader, has announced its definitive agreement with GEK TERNA SA (GEKTERNA.AT) and other shareholders of TERNA ENERGY SA (TENERGY.AT) to acquire 67% of the company’s outstanding shares initially. This is subject to regulatory approvals and other conditions. Upon completion of the initial acquisition, Masdar will launch an all-cash mandatory tender offer to acquire the remaining outstanding shares, aiming to reach 100% ownership.

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