Author: Arnes Biogradlija

Canadian Solar has completed the sale of Gunma Aramaki, a 19 MWp operational solar power plant in the Yamaguchi Prefecture in Japan for approximately $64 million. Canadian Solar sold its equity interest in the project to a number of passive investors in Japan and remains the asset manager and provider of operations and maintenance (O&M) services under a long-term arrangement. Gunma Aramaki entered commercial service in December 2018 and is powered by Canadian Solar High Efficiency Modules. The electricity produced is purchased by Tokyo Electric Power Company at a rate of $0.35 per kWh for a period of 20 years.…

Ventolines has signed as an offshore wind expert partner for the Mayflower Wind project off Massachusetts and opened its first permanent U.S. office in Boston. Mayflower Wind, a joint venture between Shell New Energies and Ocean Winds (the global offshore wind partnership between EDP Renewables and ENGIE), will produce enough clean energy to power more than half a million homes in Massachusetts. The project uses a federal lease area roughly 30 miles south of Martha’s Vineyard and 23 miles south of Nantucket. Mayflower has power purchase agreements in effect with Massachusetts 804 megawatt (MW) power generation utilities. Ventolines will provide…

Siemens Gamesa has signed a wind power supply agreement with Ørsted for the 298-MW Haystack wind farm in Nebraska. The Haystack project includes the supply of 51 SG 5.0-145 wind turbines and 18 safe harbor turbines. The first deliveries are expected to begin in the summer of 2021 with commissioning expected in fourth quarter 2021. The order also includes a 30-year full-scope service and maintenance agreement covering primary activities related to the service and maintenance of the units “Ørsted is a key partner in our offshore business and we are excited to expand that partnership into onshore wind power. The…

The Danish Energy Agency has approved Vattenfall’s construction and environmental assessment plans for the Vesterhav Syd and Nord offshore wind farms. This means that Vattenfall will now begin the next step of work on offshore wind farms, which will generate climate-friendly electricity equal to the annual consumption of 380,000 Danish households. “Getting approval from the Danish Energy Agency is good news for the green transition and the goal of enabling a fossil-free society in Denmark. The Danish Energy Agency has carried out a thorough review of our environmental assessment and the responses to the public consultation. We are satisfied that based on…

South Jersey Industries (SJI) and Atlantic Shores Offshore Wind (Atlantic Shores) to collaborate on a green hydrogen pilot program, which will research, monitor, and analyze the deployment of hydrogen technology and natural gas blending in New Jersey. Atlantic Shores is pursuing the development of a portfolio of offshore wind generating facilities on the Atlantic and Ocean County coasts, and SJI and Atlantic Shores have entered into a memorandum of understanding to explore utilizing the excess electricity generated from the wind projects to create “green hydrogen,” a renewable energy source that can be blended with SJI’s supply to lower carbon intensity.…

Equinor has named Ulrica Fearn as chief financial officer (CFO) and executive vice president, effective 16 June 2021. Fearn will replace CFO Svein Skeie, who will become CFO Performance Management and Risk Senior Vice President with effect from the same date. “I am pleased to welcome Ulrica to Equinor and our leadership team. Her deep and extensive experience in leading financial operations, as well as driving operational, control and shared services results, will make a strong contribution to the leadership of Equinor. She also brings renewal and increased diversity to the Corporate Executive Committee. She is guided by her strong values…

EDP Renewables (EDPR) has been awarded a 15-year Contract-for-Difference (CfD) at the Polish renewable energy auction to sell electricity to be produced by a portfolio of 5 projects of wind and solar with a total capacity of 220 MW. The projects are expected to become operational in 2022 and 2023. This new long-term contract reinforces EDPR’s footprint in Poland with already 476 MW in operation and 558 MW already secured in the country for the following years. EDPR has secured 87% of the ~7.0 GW targeted wind and solar global capacity build-out for the 2019-2022 period, as communicated in the…

RWE Renewables has signed a Power Purchase Agreement (PPA) with E.ON UK under which the company will sell 100 percent of the electricity generated by the Humber Gateway offshore wind farm from 2022 to 2035. This includes the Renewable Obligation Certificates (ROCs) from the plant. The deal immediately follows from the previous agreement to provide E.ON UK customers with renewable energy from the offshore wind farm, which is scheduled to expire in 2022. “As one of the world’s leading renewable energy companies, we are committed to dedicating our energy for a sustainable life. The UK plays a key role in…

Cubico Sustainable Investments (Cubico) has reached an agreement to acquire Grupo T-Solar, a solar power generation platform with assets across Spain and Italy, from I Squared Capital. The platform, which comprises 47 operational assets with a capacity of 274 MW, includes 167 MW of solar PV and 100 MW of concentrated solar power across Spain, as well as 7 MW of solar PV in Italy. The platform also comes with a solar development pipeline of around 1.4 GW. The total enterprise value of the business is approximately ‎€1.5 billion. The acquisition will take Cubico’s installed solar capacity in Spain to…

SolarPower Europe has released its latest EU Solar Power Market Outlook, which reveals that amid the setbacks of COVID-19, the European solar market has increased by 11 percent, adding 18.7 GW of installations. This figure makes 2020 the second-best year ever for solar in the EU, the strongest growth year since 2011. “It has been a difficult year for all sectors, and so it is very positive to finish 2020 with such a clear endorsement for solar power. Despite the impact of COVID-19, solar has not only grown, it has thrived, proving it to be a resilient, predictable, and secure…