Author: Arnes Biogradlija

EDP Renewables has signed a €426 million sales and purchase agreement with Finerge, one of Portugal’s largest renewable energy companies, for virtually all of stake owned by EDPR – as well as outstanding shareholder loans–in a portfolio of 242 MW of installed onshore wind farms. EDPR completed the divestment through the sale of seven onshore wind farms situated in Ávila and Catalonia. The assets in question were operational for an average of nine years. The value of these properties stands at about 507 million euros depending on the sale price and the value of the net outstanding debt. Consequently, the estimated…

Blue Gem Wind, the joint venture between Total and Simply Blue Energy, a project developer for the Celtic Sea blue economy, has awarded a million-pound contract to UK manufacturer, Rovco. Rovco will begin survey work on Erebus, a planned floating 96MW offshore wind farm 45 kilometers off the Pembrokeshire coast in August. The survey will consist of a comprehensive geophysical and environmental site analysis to determine the conditions of the seabed and sub-surface at both the wind farm and along future cable routes to shoreline. “We are delighted to have awarded this contract to a very capable UK company local…

JinkoSolar has released its latest generation 610W Tiger Pro High-efficiency monocrystalline TR solar module and BIPV solutions, Building Integrated Photovoltaics product series, which will be unveiled at SNEC 2020 in Shanghai. The key behind Tiger Pro 610W ‘s success is the high-efficiency cell technology N-Type HOT 2.0, developed independently by JinkoSolar. Due to the introduction of new technologies, such as HOT tunneling layer passivated contact and advanced metallization, cell efficiency has reached 24.79 percent. JinkoSolar also unveiled its first version of colored BIPV module series during this edition of SNEC, thanks to the great improvements made with the smart combination PV…

Germany’s remote North Sea island Heligoland is hoping for a rapid increase in green hydrogen production with offshore wind power. The small island about 60 kilometers off the German coast has already enjoyed the boom in offshore wind power production in recent years and now sees an even bigger opportunity with the production of the climate-neutral synthetic gas. “In ten years, green hydrogen from the North Sea will be a normality and a pillar of the national hydrogen strategy.” Heligoland’s mayor, Jörg Singer. Several companies bundled in the Aquaventus initiative plan to build H2 electrolysis installations with a capacity of…

A pilot plant for producing green hydrogen energy for low-emission production of chemicals and fuel has opened in the German state of Saxony-Anhalt, the Fraunhofer Centre for Chemical-Biotechnological Processes (CBP) says. The plant, in the town of Leuna, should provide clean hydrogen energy for firms operating in Germany’s “chemical triangle.” The plant works by using photovoltaic or wind power sources to generate hydrogen from water through electrolysis, resulting in a climate-neutral product, Fraunhofer CBP said in a statement. Markus Wolperdinger, head of the Fraunhofer Institute for Interfacial and Biotechnology (IGB) said that the platform should show the technical and economic…

Boralex has completed the 16-year refinancing of approximately $805 million for its 230 MW Niagara Region wind farm (NRWF) in the Niagara Peninsula, Ontario, Canada. Boralex is the site operator and has a 50 percent interest in the property. “This is our third major refinancing in less than a year, which shows the confidence our financial partners have in Boralex and the execution of our strategic plan. These refinancing, totaling $2.7 billion, were arranged at very good conditions and have greatly improved Boralex’s financial flexibility, reducing its corporate credit facility by over $260 million and generating total annual recurring savings of…

The 731.5 MW Borssele III/IV offshore wind project has achieved first power, a result of close collaboration between the Blauwwind project partners and the supply chain. The turbine installation campaign began in late May 2020 and has now seen 36 of the 77 V164-9.5 MW MHI Vestas turbines secure at the site. Borssele III/IV is due for completion in October 2020 and when fully installed, will supply enough clean renewable energy to power over 825,000 Dutch households, accounting for up to 2.3% of total Dutch electricity demand. “With the Borssele III/IV offshore wind project now online and delivering electricity to…

European Energy has secured a €96.5 million financing of its Apulian solar farms with the French financial service firm Natixis. The agreement marks the first Italian photovoltaic park ever to be financed without first receiving state subsidies. After just one year of construction, the Troia solar farm in Apulia (near Foggia) was connected to the grid in June and today stands as Italy’s largest solar farm. More than 80.000 tons of CO2 emissions per year will be saved at the existing power plant. The financing activity relates to a total of 121,5 MW of solar farms in Apulia, divided into…

Actis, a private capital investor has revealed that its Actis Long Life Infrastructure Fund (ALLIF) has completed the acquisition of two solar projects from Acme Solar in India totaling 400 MW. These ventures are based in the respective Indian states of Andhra Pradesh and Madhya Pradesh. ALLIF’s investment plan aims at long-term, optimizing yield through value generation, massive operating renewable assets. Renewable energy is a critical part of India’s capability to generate energy. The total renewable capacity in India has doubled over the past five years, from 32GW to 84GW powered by solar and wind. The demand for energy is expected…

Apex Clean Energy revealed that Lincoln Land Wind has concluded a project power purchase agreement with Facebook for around 170 MW of renewable power from the Illinois project. Lincoln Land Wind will assist Facebook in meeting its goal of promoting its 100 % renewable energy operations in the region and reducing greenhouse gas emissions by 75 percent. “The clean energy industry has long recognized Facebook as a leader. In its early commitment to utilizing 100 percent renewable energy, and now its continuing work to fulfill that pledge, Facebook has led from the front of the pack. Apex has a strong…