Author: Anela Dokso

Ukrainian company WindFarm and the Сhinese company POWERCHINA have concluded a contract on joint implementation of 800MW wind power plant in Manhushskyy and Nikolskyy districts of Donetsk region. With total project value exceeding $1 billion, 800 MW wind farms has become the largest one in Ukraine. “For me, It is a great honor that both companies – WindFarm and POWERCHINA – are real members of the Ukrainian Wind Energy Association, which is an effective platform for strengthening business networks between our members. Both companies have extensive experience in implementing wind energy projects, so this project is bound to succeed. I’d…

XSD International Paper (XSD) has entered into a power purchase agreement (PPA) with NEFIN Group. The project will see NEFIN building a solar PV system that consists of approximately 21,000 solar PV panels that will collectively generate over 13.5 million kWh clean energy and off-setting approximately 9369 tons carbon emissions annually. The construction of the project is expected to be completed by Q3 of 2021. “Sustainability has been a vital focus for our business as we move towards “Green Papermaking” and the recycling economy. We have built a value chain that employs a closed-loop system, emphasizing on reuse, remanufacture, and…

The green hydrogen industry has been boosted with a new alliance between Iberdrola and Fertiberia, which seeks to turn Spain into an industrial leader of a technology that will be fundamental to delivering climate neutrality. The partnership could see the installation of 800 MW of green hydrogen production capacity, with € 1.8 billion investment over seven years. In the next year the partners will commission their first plant in Puertollano, becoming Europe’s largest green hydrogen complex for industrial use. The partnership includes plans to develop three additional projects between 2023 and 2027, in the Fertiberia plants of Puertollano (Ciudad Real)…

The floating wind turbine Nezzy², being tested jointly by the north German company aerondyn engineering and EnBW, has passed its two-month test in the Bay of Greifswald. The 18-metre-tall prototype built on a 1:10 scale consists of two wind turbines on a floating platform. In the Bay of Greifswald, 180 sensors were used in 30 different measurements to establish how Nezzy² behaves when exposed to different wind directions and speeds as well as wave heights and directions. Scaled up to the later true size of Nezzy², the wave and wind conditions were equivalent to a category four to five hurricane…

Cypress Creek Renewables has completed a tax equity buyout and refinancing of project-level debt for 92 megawatts (MW) of its solar energy portfolio across North Carolina, making Cypress Creek the sole owner of these projects. BNP Paribas acted as the primary lender and lead arranger for the transaction. In the renewable energy industry, project sponsors are typically afforded an opportunity to purchase the equity interests held by tax equity investors in projects after the first five years of operations. This is the first such tax equity buyout transaction Cypress Creek has completed to date, and the company plans to pursue…

Alliant Energy has introduced the Clean Energy Blueprint for Iowa, a path for accelerating their transition to cleaner energy for customers. The Blueprint outlines the company’s plans to increase the use of renewable resources, including solar power, add more battery storage and build out the connected energy network. The company’s new roadmap also includes plans to discontinue coal generation in Lansing by the end of 2022 while transitioning their Burlington Generating Station to natural gas in 2021. The Clean Energy Blueprint is part of the company’s Powering What’s Next plan, which is guided by the Clean Energy Vision and purpose-driven…

With the commissioning of its final wind turbine at 140 MW Nxuba wind farm in the Eastern Cape, Enel Green Power (EGP) has started with the generation and delivery of energy. The Nxuba wind farm is one of five projects awarded to EGP South Africa in the fourth round of the country’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) and, once the commissioning of all the wind turbines is complete, will enable the full production of 460 GWh per year to the grid. “Nxuba Wind Farm is yet another example of EGP’s commitment to renewables and sustainability in South…

Minesto is making progress at the Vestmannasund tidal energy site in Faroe Islands, with the commissioning of the DG100 kite system. To date Minesto has successfully verified the key kite system functions as well as conducted safe and efficient installation and recovery procedures. “We are currently stepping through our commissioning plan which concludes with continuous power production to the Faroese grid. So far, we have verified the main functions of the DG100 system: kite launch and recovery procedures, kite flight control, start and stop commands, slack water turns, and electricity production mode.”Minesto’s CEO Dr Martin Edlund. Minesto has currently a…

ENGIE Australia & New Zealand has purchased the Hills of Gold wind farm development near Nundle, New South Wales. The project, which is progressing through the planning process, will have a capacity of up to 420MW when completed. ENGIE ANZ will be responsible for developing and operating the $750 million facility, after completing the acquisition of project entity, Wind Energy Partners. “The Hills of Gold wind farm is a quality project that adds renewable energy to the national grid, while also creating local economic activity during construction and operation of the 25-year lifespan of the asset. We’re looking forward to…

Strohm, a manufacturer of thermoplastic composite pipe (TCP), has received around €25 million Convertible Loan from its shareholders as it strengthens its position for low carbon energy transition activities and renewables. The investment, which was secured at the start of the year before the global coronavirus pandemic struck and subsequent oil price fall, will be used to support the firm’s strategic objective of tripling its 2019 capacity in the next 18 months and the continuation of its product development for the new emerging sectors.   The business, which rebranded from Airborne Oil & Gas to Strohm, ascertained the financial support based on the increasing market acceptance of its corrosion free TCP technology as a viable alternative…