Author: Arnes Biogradlija

Vestas has obtained a 95 MW order from European Energy, in collaboration with Eólica Tecnologia, for the Ouro Branco and Quatro Ventos wind projects in the state of Pernambuco, Brazil. The order consists of 21 V150-4.2 MW turbines delivered in 4.5 MW Power Optimized Mode with 120 meter towers and a 10-year Active Output Management 5000 (AOM5000) service contract to maximize energy generation for the lifetime of the project. “European Energy is a valued customer to Vestas globally and we look forward to building upon our existing partnership in Brazil. Both projects will feature our most recent 4 MW platform technology, ensuring…

Aquila European Renewables Income Fund, a wholly owned subsidiary of Tesseract Holdings Limited (THL), has entered into a Share Sale and Purchase Agreement (SPA) to acquire 89 percent of Desfina, an operating wind farm in Greece for an undisclosed sum. Upon completion of the acquisitions of Albeniz and Desfina, Aquila would have committed approximately €88 million of the recent €127.5 million earned in October. Closing under the SPA is scheduled to take place shortly. Desfina is an onshore wind operation consisting of two wind farms with an aggregate capacity of approximately 40 MW. The project is sponsored by an attractive, 20-year, 100…

Innergex Renewable Energy has closed its construction funding and tax equity contribution to its Griffin Trail project, a 225 MW wind farm located in Knox and Baylor Counties, in northwest Texas. The $276.2 million in funding was provided by Sumitomo Mitsui Banking Corporation, acting as Coordinating Lead Arranger, and CIBC, acting as Joint Lead Arranger, with a $171.4 million tax-equity contribution from Wells Fargo to be made available on the date of commercial service. “It was only a few months ago, when the U.S. Production Tax Credits deadlines were extended, that we knew we were in a strong position to bring…

SwifterwinT op Land has placed a 207 MW order for their repowering project Windplanblauw Onshore. The wind park currently consists of 46 turbines of various turbine variants and brands which will be replaced by 37 new and more efficient turbine variants from the EnVentus platform. Demonstrating the large potential in replacing older turbines with innovative technology, Vestas has developed a customized solution that comprises 37 V162-5.6 MW turbines with both 136.5m and 168m hub heights and a 25-year service and availability contract, capable of maximizing the annual energy production while meeting local restrictions. The order is adding to Vestas’ installed…

ENERCON has now installed more than two gigawatts of power in Turkey with the completion of the Metafor project in the province of Bingöl. Turkey is one of the core markets ENERCON is focussing on as part of its reorientation. ENERCON has installed almost 1,000 wind energy converters in Turkey since 1998. As a result, it is one of the biggest renewables companies in Turkey. “We are very proud of the motivation and dedication shown by the whole ENERCON team. Despite the pandemic, the team has managed to install more than 100 wind energy converters in 2020. This would not…

GE Renewable Energy has secured a 27.2 MW contract to supply 8 units of GE’s 3 MW-137 wind turbines to support construction of the Phuoc Minh Wind Farm, located in Ninh Thuan, in the South Central Region of Vietnam. A consortium of PowerChina Huadong Engineering Corporation, Henste Engineering and IPC Group will provide full Engineering, Procurement and Construction services for the project. The 3 MW turbine platform offers more flexibility across wind regimes. GE’s 3 MW onshore wind turbine platform is adaptable to a full spectrum of wind regimes. The wind farm is expected to contribute in excess of 100…

Vestas has received a 210 MW order of V150-4.2 MW turbines for a wind project in the USA. The order involves the supply and commissioning of turbines as well as a 10-year AOM 5000 service agreement designed to ensure optimized efficiency for the lifetime of the project. Delivery and commissioning of turbines is planned for the first quarter of 2022. The customer and project are undisclosed per the customer’s request.

ORIX has entered into an agreement to invest in Elawan Energy, a multinational renewable energy corporation headquartered in Madrid, Spain, committed to the production and ownership of wind and solar PV power plants. ORIX will hold an 80 percent interest in Elawan through its wholly owned subsidiary, ORIX Corporation Europe. The founders of Elawan, Acek Renewables and CEO Dionisio Fernandez will continue to hold a 20 percent stake in the company. The deal is scheduled to close in the second quarter of 2021, subject to the receipt of regulatory approvals and the fulfillment of customary closing conditions. Elawan has a…

Vestas has received an order of 63 MW for two wind projects from Statkraft, Europe’s largest producer of renewable energy and a multinational energy trading group, following the RESS1 Auction in Ireland. The project will feature a VestasOnline Business SCADA solution, which will minimize downtime of the turbine and thereby maximize the energy production. The contract also covers the supply, installation and commissioning of wind turbines, as well as the 10-year Active Output Management 5000 (AOM 5000) service agreement. “Statkraft is playing a leading role in the global transition to a low carbon future and is really pleased to fund…

Pacific Gas and Electric Company (PG&E) has requested approval from the California Public Utilities Commission (CPUC) for six additional energy storage projects totaling 387 megawatts (MW) of capacity. Designed to further incorporate clean energy from renewable energy sources while helping to ensure future reliability of the electrical grid. The six project agreements complete the procurement specifications of PG&E outlined in the CPUC decision of November 2019, which defined possible problems with the efficiency of the electrical grid, starting in the summer of 2021. In that decision, PG&E was approved by the CPUC to acquire at least 716,9 MW of system…