Energy Infrastructure Partners will invest in BayWa with a capital increase of €30 million. The deal will result in a shareholding of 49 percent and will produce substantial value in the renewable energy sector. The transaction, signed in Munich, will allow a consortium of investors advised by Energy Infrastructure Partners (EIP), including the Bayern Insurance Chamber, to participate in BayWa’s global renewables platform. BayWa has a photovoltaic and onshore wind pipeline of more more than 13 GW, which is diversified across more than 20 countries worldwide. Partnering with EIP will allow an accelerated build-up of BayWa’s global and technologically diversified…
Author: Arnes Biogradlija
The International Renewable Energy Agency (IRENA) and the African Development Bank (AfDB) have agreed to work closely together to advance the continent’s energy transition through joint efforts to encourage investment in low-carbon energy projects. Under the Declaration of Intent, the two organisations confirmed their wish to work together to support the continent’s energy transition within the context of core activities. These include co-hosting green energy investment forums as part of IRENA’s contribution to the Climate Investment Platform and cooperation on the Bank’s annual Africa Investment Forum. In addition, a strong focus will be put on concrete support to strengthen the…
Boralex has commissioned the Cham Longe repowering and Extension Seuil de Bapaume wind farms, generating a total output of 53,4 MW and located in the departments of Ardèche and Somme, France, respectively. This takes the installed capacity of Boralex to 1,037.7 MW in France and its overall capacity to 2,246 MW worldwide. “Our teams and suppliers stayed the course during the pandemic and completed these two major projects. This underscores both their commitment and adaptability. With these commissionings, Boralex is adding to its capacity and getting one step closer to its strategic goal of 2,800 MW by 2023.”Patrick Decostre, president…
Vestas has received a 39 MW order for an undisclosed project in Italy. The contract includes the supply and installation of eleven V136-3.45 MW wind turbines delivered in 3.5 MW Power Optimised Mode, as well as a 15-year Active Output Management 5000 (AOM 5000) service agreement. Turbine delivery is scheduled to take place in the second quarter of 2021, while commissioning is planned for the fourth quarter of the same year.
Thirty-two UK companies from the oil and gas, aerospace and defense sectors have joined forces already operating in the renewables field to launch the Offshore Wind Growth Partnership (OWGP) Wind Expert Support Toolkit (WEST) pilot program. WEST will promote the development of new and emerging offshore wind supply chain companies by offering professional business support, market analysis and industry insight to both existing and cross-sector supply chain companies. To meet the needs of the sector and create a strong UK supply chain that can meet the growth goals set out in the UK Offshore Wind Sector Deal, there must be a…
Tees Valley Mayor Ben Houchen has confirmed plans to build an offshore wind manufacturing site at Teesworks, generating 9,000 jobs and achieving a significant milestone. Planning permission has been approved for 4.5 million sq ft of industrial space on the site of the former SSI steelworks in Redcar, which would also generate 1,000 construction jobs over the eight-year construction program. More than 430 acres of land along the River Tees will be remedied and transformed into a manufacturing area that could welcome its first tenants as early as 2022. The news comes just weeks after Mayor Houchen laid out his plans for Teesworks’ £90…
Fugro has been awarded three geotechnical investigation contracts for IJmuiden Ver, the largest offshore wind farm (OWF) zone to be built in the Dutch part of the North Sea. The IJmuiden Ver investigations are the most comprehensive to date coordinated by the Netherlands Enterprise Agency (RVO) and the resulting OWF zone will produce a total of 4 GW of renewable energy. The contracts include an analysis of the seabed, a comprehensive laboratory research program and the development of an integrated ground model. Techniques, such as the generation of synthetic CPTs, will be used to create a geological ground model and…
The first turbine has been successfully installed at ACCIONA’s Mortlake South wind farm. The turbine, consisting of four sections of a steel tower, a nacelle, a hub and three blades, was erected over a span of four days. Construction on the Mortlake South wind farm started in early 2019 and will see more than $180 million directly invested in the Victoria region. “Building a wind farm is a significant undertaking, and after so much preparation, and particularly in light of the COVID-19 pandemic, we’re pleased to see the towers going up. Our team is working hard, and our local subcontractors…
Fugro has opened a new remote operations center (ROC) in Abu Dhabi, which is already providing successful remote and autonomous solutions to customers in the Middle East and India (MEI) regions. The new ROC in Abu Dhabi is the newest addition to Fugro’s global network of ROCs, which now consists of eight centers operating across all four regions. By integrating ROC’s expertise with their recent uncrewed surface vessel (USV) operations, Fugro’s teams will conduct offshore work from onshore, enabling projects to be delivered quicker, more efficiently and with lower carbon footprints. The opening of the ROC in Abu Dhabi was…
Greenbriar Capital has entered into a formal agreement with Devon Sandford of Lethbridge, Alberta, to acquire a portfolio of 500 MW of photovoltaic solar energy projects in Alberta. The proprietary portfolio is at various stages of development, including late stage, mid-stage and early stage projects. Devon owns and operates a large-scale solar energy development company (Northern DC Solar, NDC) and has recently developed several large-scale solar utility projects in Alberta. The transition from the construction and commissioning of utility-scale power systems to utility-scale solar projects has given a unique viewpoint, crucial insights and overall advantages on how to deliver large-scale solar…