Author: Arnes Biogradlija

Statkraft has agreed to help further decarbonize the power sector in the UK and include a new approach to grid stability management. GE’s rotating stabilizer technology will be installed by Statkraft UK at its Keith stability project in northeast Scotland. To the UK energy market, the deal comes at a crucial time as it adapts to a “new normal”, with the country’s energy mix seeing increases in renewable power. GE Power Conversion will produce and build two rotating stabilizer synchronous machines at Statkraft’s site in Keith, Moray, to help implement this approach to grid stability management. Statkraft, was awarded four…

GE Renewable Energy’s first unit of the Wudongde (WDD) hydropower station was successfully linked to the power generation grid and completed 72 hours of test operations. This marked an important step towards the official commissioning and service of the remaining units and of the entire project. GE Hydro Solutions supplies 6 x 850 MW of Francis turbine generator sets and associated hydropower equipment for the WDD project. At 850 MW these are the largest units in a hydropower plant ever used in the world. They represent another large-scale national energy infrastructure project built with CTG by GE Hydro Solutions following…

Sunrunand and Vivint Solar have entered into a final agreement pursuant to which Sunrun will acquire Vivint Solar in an all-stock transaction. Each share of Vivint Solar common stock will be exchanged for 0.55 shares of Sunrun common stock, representing a combined enterprise value of $9.2 billion based on the closing price of Sunrun’s shares on 6 July 2020. Vivint Solar shareholders are expected to own about 36 percent and Sunrun shareholders are expected to own about 64 percent of the combined company’s fully diluted shares. The exchange ratio implies a 10 percent premium for Vivint Solar shares based on…

NextPower III, NextEnergy Capital’s third institutional solar fund, has acquired its first asset in India. The 27.4 MWp plant was acquired from IBC SOLAR which constructed and operated the plant since May 2018. The plant profits from a long-term power purchase agreement with an off-taker investment grade (AA+ rated) with a 25-year period of 100 percent of the revenue contracted. The investment policy of NextPower III is to purchase solar power plants on a ready-to-build basis or in operation through international high-growth markets. “This acquisition allows NextPower III to further increase its presence globally and enter the Asia Pacific market where…

Encavis has expanded its French solar park portfolio and now owns 100 percent of 12 further solar parks in France with a total capacity of 75 MW. Encavis had already increased its ownership in the Spanish large-scale solar project La Cabrera (200 MW total capacity), the Brandenburg / Havel solar park (18.7 MW total capacity) and the Bitterfeld solar park (6 MW total capacity) to 100 percent in the first half of 2020. “Through acquisition of minority shares in our solar parks, we are consistently implementing our growth strategy ‘Fast Forward 2025’. Whenever Encavis has the opportunity to acquire missing…

IBC Solar is expanding their portfolio within the European market with inverters from GoodWe. Through the partnership, IBC SOLAR provides an even bigger selection of quality inverters for its customers. “In GoodWe we have found an innovative partner that stands for quality and sustainability and has an unbeatable price-performance level in terms of its products. This, in combination with GoodWe’s established and professional pre-and after-sales structure, enables Europe-wide sales with a strong local presence.”Britta Beier, senior vice president, supply chain management at IBC Solar. “The reliability and quality of our products are of primary importance for us. We are proud to…

ENERCON has agreed another cooperation with the utility Energie Burgenland in its expansion of onshore wind energy in Austria. The two companies recently concluded contracts on the supply of 51 ENERCON wind energy converters. That corresponds to 212 megawatts overall volume. The numerous ENERCON wind energy converters are to be installed in seven wind farms designed for Burgenland in separate output levels. Construction of most of the projects resulting from this collaboration is expected to start this summer. “We are very happy that Energie Burgenland has chosen to put its trust in our company and technology once again. We have…

The Innovation Fund, one of the largest EU funding programs for the demonstration of innovative low-carbon technologies contributing to greenhouse gas (GHG) reduction, has published first call for proposals. The Innovation and Networks Executive Agency (INEA) is responsible for the implementation of the calls. The call for proposals targets innovative renewable energy and energy storage technologies and projects are selected according to the following criteria: Effectiveness of greenhouse gas emissions avoidance;Degree of innovation;Project maturity;Scalability;Cost efficiency. The maximum co-financing rate is 60% of the relevant costs of projects, out of which up to 40% need not be dependent on verified avoidance of greenhouse…

COVID-19 has resulted in the construction of fewer new wind farms, solar panels and other facilities to produce renewable energy, says the news article from ResearchAndMarkets.com. The COVID-19 crisis has resulted in the construction of fewer new wind farms, solar panels and other facilities to produce renewable energy. This decline is due to a slowdown in construction activity, supply chain disruptions and lockdown measures. However, it is expected that growth will resume next year as a result of the completion of postponed projects and continued government support. Despite the disruption to planned projects, it is predicted that the world will…

Tidal stream energy has made a further step towards commercial viability following what has been described as the most comprehensive lifecycle assessment to-date of a megawatt-scale array in the UK. The assessment, authored by Black & Veatch and free to view by anyone, shares lessons learned during the planning, design, delivery, and operation of MeyGen’s six-megawatt (MW) array in Scotland’s Pentland Firth. Phase 1A of the MeyGen project was partly funded through a £10m grant from the Department for Business Energy and Industrial Strategy, with a requirement that lessons learnt from the project were collated and shared. “The assessment offers…