Author: Sarthak Takyar

Mainstream and partners plan to build 2.5 GW wind project in Australia

Mainstream and partners plan to build 2.5 GW wind project in Australia

May 31, 2023 |

AGL, DIRECT Infrastructure, Mainstream Renewable Power, and Reventus Power have joined forces to submit an application for the construction of a 2.5 GW offshore wind farm in Australia’s Gippsland region. The Bass Strait, the first offshore wind zone approved by the Australian government, will act as the site for the proposed offshore wind project. Reportedly, the 15,000 sq km zone will expand employment prospects and produce 10 GW of renewable energy annually.

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RPC and Greenfield to develop 500 MW energy storage projects in UK

RPC and Greenfield to develop 500 MW energy storage projects in UK

May 31, 2023 |

Renewable Power Capital (RPC) and Greenfield, two UK-based renewable energy developers, have agreed to collaborate on the development of 500 MW of energy storage projects in the country. RPC has purchased two projects from Greenfield, totaling 83 MW. By the second quarter of 2024, the projects are anticipated to have received final approval. RPC can now increase its commitment to the UK’s rapidly expanding battery storage market, which is a strategic priority for the company. 

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Plug Power plans to develop three green hydrogen production plants in Finland

Plug Power plans to develop three green hydrogen production plants in Finland

May 30, 2023 |

Plug Power, a US-based energy company, has committed to construct three hydrogen electrolysers with a total capacity of 2.25 GW in Finland by 2030. The Finnish government’s goals to become carbon neutral by 2035 will benefit from this. The Kokkola South facility will have 1 GW of electrolytic capacity erected for the generation of 85 tpd of green hydrogen and 700 kilotonnes of green ammonia per year. These will be both imported and used locally and across Europe.

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Motor Oil acquires majority stake in 1.9 GW solar projects in Greece

Motor Oil acquires majority stake in 1.9 GW solar projects in Greece

May 30, 2023 |

Motor Oil Group, a Greek oil refining business, has completed the acquisition of a controlling stake in Unagi, a company with interests in 1.9 GW of solar projects in different stages throughout Greece, through its subsidiary Motor Oil Renewable Energy (MORE). Motor Oil intends to invest more than €4 billion in energy transformation projects.

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Rolls-Royce, ABO Wind launch solar with battery project in Bavaria

Rolls-Royce, ABO Wind launch solar with battery project in Bavaria

May 29, 2023 |

Rolls-Royce Holdings and German renewables developer ABO Wind AG have completed a crossbreed solar and battery nuclear power facility in Bavaria, Germany, capable of producing 10,000 MWh per year. In addition to avoiding about 6,300 tonnes of carbon dioxide, the generation can meet the needs of about 3,000 three-person homes. The UK aerospace company’s Power Solutions division also announced that it had given ABO Wind’s newest solar farm in Bavaria a 2.9 MW/5.8 MWh mtu EnergyPack QG battery storage system.

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Centrica Energy Trading signs 63 GWh renewables PPA with Fraport

Centrica Energy Trading signs 63 GWh renewables PPA with Fraport

May 29, 2023 |

Centrica Energy Trading has signed a new power purchase agreement (PPA) with German airport operator Fraport. In accordance with the agreement, Centrica will begin providing Frankfurt Airport’s aviation centre with approximately 63 GWh of renewable energy in July 2023. The agreement will initially be in effect for five years. The recently completed 22 MW wind farm on the German mainland at Bremerhaven on the North Sea coast will provide clean electricity.

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Ørsted purchases Eversource stake in US offshore wind JV for $625 million

Ørsted purchases Eversource stake in US offshore wind JV for $625 million

May 26, 2023 |

Ørsted, the Danish energy giant, has agreed to pay $625 million for Eversource Energy’s 50 per cent ownership in the two companies’ uncontracted federal offshore wind lease joint venture. The agreement also includes contracts and partnerships that are critical to operating assets. The deal is expected to close in the third quarter of 2023 after receiving regulatory approval

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Savion, Toyota sign 100 MW solar VPPA in Kentucky

Savion, Toyota sign 100 MW solar VPPA in Kentucky

May 25, 2023 |

Savion Solar and Toyota have signed a 100 MW solar PV virtual power purchase agreement (VPPA) for a brownfield project in Kentucky, US. The project’s anticipated start of construction is in the latter part of 2023, and it will be ready for commercial operation by 2024. The project, developed by Savion and a local solar developer named Edelen Renewables that specialises in brownfield solar projects, will turn an old coal mine in Martin County, close to the border between the states of Kentucky and West Virginia, into a solar PV facility.

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Iberdrola signs clean energy PPA with Holcim in Germany

Iberdrola signs clean energy PPA with Holcim in Germany

May 25, 2023 |

Iberdrola has signed a PPA with Holcim to provide the building firm with 250 GWh of renewable energy per year from its Baltic Eagle offshore wind farm in Germany. The clean energy will help to accelerate Holcim’s net-zero journey in Germany, where it aims to expand the use of renewable energy in its operations to over 80 per cent by 2030. The Baltic Eagle offshore wind farm is currently under construction in the Baltic Sea, north of the island of Rügen, and will have a total capacity of 476 MW when completed in 2024. 

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DTEK opens phase one of 500 MW wind power plant in Ukraine

DTEK opens phase one of 500 MW wind power plant in Ukraine

May 24, 2023 |

DTEK, a Ukrainian private energy business, has opened the 114 MW phase of one of the 500 MW Tyligulska wind power projects. The factory is positioned 100 km from the frontlines of Russia’s invasion of the country, which began in February 2022. The company has invested $200 million for phase one construction, which features 19 turbines.

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Thyssenkrupp Nucera and H2 Green Steel to partner for electrolysis plant

Thyssenkrupp Nucera and H2 Green Steel to partner for electrolysis plant

May 24, 2023 |

Thyssenkrupp Nucera, a German-Italian joint venture, will supply H2 Green Steel, a Swedish renewable energy steel start-up, with more than 700 MW of water electrolysis capacity. More than 30 electrolysers will be installed in Europe’s first commercial green steel mill in Boden, Sweden. With the addition of the electrolysers, the Boden facility will become the first in the world to have a gigawatt-scale production capacity. It will be facilitated by Thyssenkrupp Nucera’s “scalum” model alkaline water electrolysis modules.

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Enel selects Oklahoma for solar PV cell and module production

Enel selects Oklahoma for solar PV cell and module production

May 23, 2023 |

Enel North America, through its affiliate 3Sun USA, has selected Inola, Oklahoma, as the site for its proposed solar photovoltaic (PV) cell and panel production facility. The manufacturing plant, which is more than two million square feet in size, will have a 3 GW annual production capacity by 2025. The facility’s construction is scheduled to start in the autumn of 2023.

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NEOM completes financial close for Saudi green hydrogen plant

NEOM completes financial close for Saudi green hydrogen plant

May 23, 2023 |

NEOM Green Hydrogen Company (NGHC) has announced that, following the signing of financial documents with 23 local, regional, and international banks, and investment firms, it has now achieved financial close on the world’s largest green hydrogen production facility at a total investment value of $8.4 billion. The plant is currently being built at Oxagon, in Saudi Arabia’s NEOM region.

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Australia and the US announce green energy and mineral compact

Australia and the US announce green energy and mineral compact

May 22, 2023 |

Australia and the US have announced a bilateral agreement to collaborate on legislation to aid the green energy transition in both countries with a new compact. The Climate, Critical Minerals, and Clean Energy Transformation Compact will see the two countries adopt shared energy goals and policies. This will in effect allow Australian green businesses to benefit from subsidies and protections provided to US companies under the Inflation Reduction Act.

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Masdar to develop 2 GW clean energy projects in Uzbekistan

Masdar to develop 2 GW clean energy projects in Uzbekistan

May 22, 2023 |

Masdar, a UAE-based energy company, has inked a joint development agreement with Uzbekistan’s Ministry of Energy and Ministry of Investments, Industry, and Trade to develop 2 GW of renewable energy and 500 MWh of solar, wind, and battery storage projects across the Central Asian country. With 7 GW of solar and 5 GW of wind capacity, Uzbekistan aims to achieve 25 per cent of its energy needs from renewables by 2030.

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ACWA Power expands its sustainable energy portfolio in Uzbekistan

ACWA Power expands its sustainable energy portfolio in Uzbekistan

May 19, 2023 |

ACWA Power, a leading developer, investor, and operator of power generation, water desalination, and green hydrogen plants worldwide, has signed two significant agreements during the EBRD 2023 Annual Meeting and Business Forum in Samarkand that took place between May 16 and 18, 2023, marking a major milestone to advance Uzbekistan’s target to decarbonise 35 per cent of its energy sector by 2030.

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Statkraft secures two PPAs totalling 76 MW in Europe

Statkraft secures two PPAs totalling 76 MW in Europe

May 19, 2023 |

Statkraft has signed two power purchase agreements (PPAs) with Sonnedix and BayWa r.e. in Europe totaling 76 MW. Statkraft secured a 34 MW solar PPA for two solar projects developed by Sonnedix in Italy, as well as a 42 MW wind PPA with BayWa r.e. in Scotland, UK. It will provide 48 GWh of green electricity in Italy, enough to power 18,000 homes and prevent 12,000 tonnes of carbon dioxide emissions per year.

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Holosolis to construct 5 GW solar PV module assembly plant in France

Holosolis to construct 5 GW solar PV module assembly plant in France

May 16, 2023 |

Holosolis, a French renewables firm formed by EU independent body EIT InnoEnergy, has announced intentions to build a 5 GW solar photovoltaic (PV) module assembly plant in northeast France. The facility will start producing its first modules in 2025, and by 2027, it will be operating at its full 5 GW capacity. It will be located at Sarreguemine in northeast France, close to the country’s border with Germany.

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