Category: News

Sunwin Energy sells 375 MW solar portfolio in Italy

Sunwin Energy, a Swiss energy provider, has reached a framework agreement to sell its 375 MW solar portfolio in Italy to an unidentified European corporation. Sunwin Energy’s solar portfolio comprises 15 mid-stage, ground-mounted solar photovoltaic projects that it has been developing in the region in recent years.

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Fusion Fuel collaborates with Duferco Energia SpA for Italian green hydrogen market

Fusion Fuel announced that it has entered into a commercial agreement with Duferco Energia SpA to jointly develop the green hydrogen ecosystem in Italy and select markets in the MENA region. A subsidiary of Duferco Group, Duferco Energia is focused on the management of energy production assets and marketing of energy services. The collaboration expects to leverage Duferco’s local sales network, knowledge of local markets, and deep shipping and logistics expertise to develop a pipeline of development opportunities and turnkey technology-sale projects.

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Econergy Renewable secures funding from RGreen Invest

Israel-based Econergy Renewable Energy has secured $ 250 million in financing from RGreen Invest, a French asset manager to promote its investments in renewable energy projects across Europe. RGreen Invest will provide Euro 87.5 million in corporate financing to Econergy International Limited, the Israeli-listed company’s British subsidiary. This would help to expand the company’s pipeline development and growth plans in the UK.

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Hai Long and TECO ink EPC contract for onshore substation

TECO Electric & Machinery, a Taiwanese engineering business, has won an engineering, procurement, and construction (EPC) contract for a substation at Taiwan’s Hai Long offshore wind farm. For the 1.04 GW offshore project, the business will construct an onshore substation and deliver any associated equipment and onshore cables. 

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Masdar and Jordanian government sign MoU for renewable projects

The Jordanian Ministry of Energy and Mineral Resources and Masdar, an energy company located in the United Arab Emirates, have agreed to a 2GW renewable energy capacity agreement. The two parties will focus on investment and development possibilities in Jordan’s renewable energy sector under the terms of the MoU.

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Equis plans to construct a 1.2 GW battery in Victoria

Equis Development has rebranded and relaunched its $1.28 billion battery energy storage system (BESS) on the outskirts of Melbourne, Australia. In order to co-develop the BESS project, the company has acquired a 100 per cent stake in the Melton Renewable Energy Hub from Syncline Energy.

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EIB and AllianzGIto invest $100 million in renewable energy

At the United Nations COP27 conference, the European Investment Bank (EIB) and AllianzGI have announced the mobilisation of $100 million to Alcazar Energy Partners II, a fund that facilitates the development, construction, and operation of renewable energy projects in the Middle East, North Africa, Eastern Europe, and Central Asia.

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Zenobē to invest $886.5m in energy storage projects in Scotland

Zenobē Energy, a British company that specialises in energy storage, has started building a 1 GW storage facility in Scotland that will require approximately $886.5 million total investment. Blackhillock, Kilmarnock South, and Eccles will be the sites of the three utility-scale battery storage assets.

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Dutch pension fund to invest in large-scale North Sea wind energy

ABP, a Dutch pension fund, created the Noordzeker partnership to invest in large-scale wind energy in the North Sea. The group will use the funds to submit bids for major wind farm construction projects in the North Sea. Additionally, it stated that IJmuiden Ver will be the first offshore wind farm for which Noordzeker will issue a tender.

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