Menu

News & Analysis

Sunly Starts Construction Works on Three Large-Scale Solar Photovoltaic (PV) Power Plants in Latvia with a Total Capacity of 225 MW

Sunly Starts Construction Works on Three Large Scale Solar Photovoltaic PV Power Plants in Latvia with a Total Capacity of 225 MW small

/TALLINN, ESTONIA, November 1, 2024, 9:00 GMT, Sunly/ This autumn, the renewable energy company Sunly started work on three large solar park projects in Latvia, with a combined capacity reaching 225 MW. These projects will be capable of meeting the annual electricity consumption of over 118.000 households. The parks are planned to be developed in the Valmiera, Krāslava, and Madona regions. Work has already begun on the first project in Valmiera Municipality, where a 54 MW solar park will be developed near Matīši village. Simultaneously, work has commerced on a substation for a 90 MW solar park in Dagda Parish, Krāslava Municipality.

Read more ...

Renewable Market Watch™ Published New Update of the Report 'Europe Corporate Renewable PPA Market Report - Industry Analysis, Deal Tracking, PPA Prices, Growth, Investment Volume, Comparative Country Ranks, Share, Size, Trends, and Forecast 2024 – 2033'

Europe Corporate PPA small

/LONDON, October 30, 2024, 11:15 GMT, RENEWABLE MARKET WATCHTM/ The European corporate renewable PPA market has proliferated by an almost seven-fold increase from 2016 until 2023. EU energy ministers agreed at the end of November 2022 on the content of a Council Regulation for a temporary framework to accelerate the permit-granting process and the deployment of renewable energy projects. The European Institutions have agreed in 2023 on a revised text of the EU Renewable Energy Directive (RED III), which should help further speed up permitting for new and repowered renewable energy projects. Reducing permitting burdens shall contribute to corporate PPAs, which is essential for the European Union (EU) to achieve energy independence and its REPowerEU targets. Many companies use corporate PPAs to hedge against unpredictable energy prices, reveals the recently published study Europe Corporate Renewable PPA Market Report 2024÷2033. Amazon, Google, Alcoa, Norsk Hydro, BASF, Bayer and Microsoft are among the key players in the market. This report provides further evidence that faster corporate PPA deployment would support transitioning to a European climate-neutral society and be beneficial economically.

Read more ...

Enery Launched in Commercial Operation the Sarmasag PV Power Plant in Romania with 51.4 MWp Capacity and 22 MWh battery energy storage system (BESS)

Romania solar energy storage Tender small png

/BUCHAREST, October 22, 2024, 9:00 GMT, ENERY/ Enery proudly announces the official inauguration of its newest photovoltaic (PV) power plant in Sărmășag, Sălaj County, Romania. With an installed capacity of 51.4 MWp, the Sărmășag PV plant is set to generate 64.8 GWh of clean energy annually, powering approximately 38,270 households and contributing to significant CO2 emissions savings of 16,208 tonnes annually. A key feature of the plant is its 22 MWh battery energy storage system (BESS), which will be fully operational by the end of the year. The system includes 11 containers, each with a 2 MWh capacity, along with a dedicated transformer, providing excellent grid stability and enhancing the reliability of renewable energy.

Read more ...

Masdar and Taaleri SolarWind III Fund Arranged Financial Close 154MW Čibuk 2 Wind Farm in Serbia

MET Group Acquires 42 MW Wind Farm in Bulgaria from Enel Green Power Small

/Belgrade, Serbia, September 23, 2024, 10:00 BST, Masdar/ Abu Dhabi Future Energy Company PJSC – Masdar, the United Arab Emirates’ clean energy powerhouse, today announced the financial close for the 154 megawatt (MW) Čibuk 2 wind farm in Serbia. The financial close agreement was signed at a special ceremony on the sidelines of RES Serbia 2024 in the presence of Serbia’s Minister of Mining and Energy, Dubravka Djedović Handanović, Masdar’s Chief Executive Officer, Mohamed Jameel Al Ramahi, Taaleri’s Group CEO, Peter Ramsay and Taaleri Energia Managing Director, Kai Rintala.

Read more ...

RWE Awarded with CfD for a Portfolio of 218 MW Solar Photovoltaic and Onshore Wind Projects in the Latest Autction in the United Kingdom

Solar and Wind Energy Small

/Swindon/Essen, September 3, 2024, 9:30 BST, RWE/ RWE, the UK’s leading power producer, has been awarded Contracts for Difference (CfD) for five of its renewable energy projects in the latest Allocation Round 6 (AR6). The CfD awards have been made to RWE by the Low Carbon Contracts Company, on behalf of the UK Government, following successful bids for two onshore and three solar PV projects (see table below). The inflation-indexed strike price for RWE’s onshore projects was £50.9/MWh and for solar £50.07/MWh (based on 2012 prices).

Read more ...
×
This website uses cookies to enhance your browsing experience.