Author: Arnes Biogradlija

Enel Green Power and Novartis have signed a 10-year, 100 percent renewable Virtual Power Purchase Agreement (VPPA) for 78 MW of renewable energy. This Pan-European VPPA will begin in January 2022 and will help Novartis meet its 100 percent renewable energy and carbon neutrality targets across its European operations by 2025. The energy from this VPPA will be provided by the 179.9 MW TICO wind farm, located in the Spanish province of Zaragoza, which will be operational at the beginning of 2022. Under the deal, the clean energy supplied to Novartis would prevent an annual emission of about 96,400 tons…

Ocean Energy Europe welcomed the new European Offshore Renewable Energy Strategy, which clearly recognizes the massive industrial and environmental benefits that ocean energy can bring to Europe. The commitment of the Strategy to support 100 MW of ocean energy projects in water by 2025 and at least 1 GW by 2030 will boost the sector in the coming decade. The deployment goal of 40GW for 2050 provides a strong starting point for the long-term construction of the sector. That said the ocean energy industry has ambitions far beyond this target –and so should Europe. There is no time to waste…

EDP Renováveis, through its subsidiary EDP Renovables España, has secured a 15-year Power Purchase Agreement (PPA) with Novartis, a global medicines company, to sell electricity generated by a portfolio of 63 MW of renewable energy. The portfolio consists of a 36 MW wind farm project and a 26.8 MW solar power plant scheduled to be installed in 2022/23. With this new deal, EDPR has already secured PPAs for projects totaling 229 MW to be constructed in Spain from 2020 to 2023. “The announcement of this new PPA demonstrates that we keep a fast progress towards the execution of our business plan but primarily…

Ørsted and North America’s Building Trades Unions (NABTU) have signed a Memorandum of Understanding (MoU) in a landmark initiative to transition U.S. union construction workers into the offshore wind industry. Ørsted’s deal with NABTU is a significant moment for organized labor and the renewable energy industry. This framework sets out a model for collaboration in labor management and the growth of the workforce in the developing offshore wind industry. There are currently 15 active commercial offshore wind leases in the U.S. According to the report released by the American Wind Energy Association, if fully constructed, these leases will support up…

San Joaquin County has partnered with Ameresco to build, own and run a ground-mount solar photovoltaic system at the Foothill Landfill in Linden, California. Funded by a Power Purchase Agreement (PPA), Ameresco installed 13,770 solar modules rated at 385W-DC each and 29 solar inverters rated at 125kW-AC each. Under a different deal with San Joaquin County, Ameresco installed 4.3 MW of landfill gas at the same landfill site in 2014. “San Joaquin County, and it’s local communities, have long prioritized the development of renewable energy resources, both for reducing emissions and supplementing existing electricity generation. In addition to its environmental…

GE Renewable Energy has been chosen by European Energy as the provider of three wind farms in Lithuania, situated approximately 80 kilometers north of the capital city of Vilnius. The 121 MW project, which will use 22 GE Cypress onshore wind turbines, will add 23 percent of the country’s green power generation capacity. The arrangement also involves a 25-year full-service term. European Energy will run the 5.5 MW Cypress turbines with a rotor diameter of 158 meters and the blades supplied by LM Wind Power, a GE Renewable Energy company. All turbines will be installed on a 151 meter platform. The construction…

Iberdrola and Bayer in Spain have signed the first long-term power purchase agreement (PPA) between an electricity utility and a pharmaceutical company in Spain that generates clean energy sources. Iberdrola will supply 100 percent renewable electricity to cover the entire supply of electricity at nine Bayer sites in Spain, including three factories, five research and development (R&D) centers and the company’s headquarters in Iberia. This initiative will be effective in 100 percent of these centers from 2022 and over a ten-year period, with the electricity generated by the Francisco Pizarro photovoltaic plant – the largest planned photovoltaic plant in Europe -…

The Red Sea Development Company (TRSDC) has awarded its highest-value contract to date to a consortium led by ACWA Power to design, construct, operate and transfer the utilities infrastructure of the Red Sea Project. The contract marks a major step forward for the Red Sea Project, establishing it as the first tourism destination in the area to be operated solely by renewable energy. A project of this magnitude has never been done anywhere in the world on this scale. “This is a pivotal moment for us as we seek to build a new kind of tourism destination. We’ve always been…

Altus Power has completed the acquisition of a 2.5 megawatt solar project in Charlotte, Vermont. The acquired project produces approximately 3 million kilowatt hours of electricity per year. This project sells electricity to VEPP, a not-for-profit Vermont company that operates two of Vermont’s renewable energy projects under a contract with the Vermont Public Utility Commission. “We are pleased to add this operating asset to our growing national portfolio of distributed generation solar assets. Altus Power’s reputation for providing sellers with competitive prices and transaction certainty has significantly increased our transaction pipeline.”Gregg Felton, managing partner of Altus Power. Altus Power’s portfolio…

Cypress Creek Renewables developed 162 MW Wagyu solar PV project in Brazoria County, Texas is now delivering power to the grid. The project is owned by Cubico Sustainable Investments (Cubico) and is located near Houston, Texas. The construction of the project was carried out by RES (Renewable Energy Systems). In addition to serving as the original project creator, Cypress Creek also provides Wagyu with ongoing operations and maintenance and asset management. Wagyu has a special mix of Starbucks’ 15-year corporate PPA and BP’s 12-year physical hedge. It is the third and final project to enter operations within a portfolio that has…