Author: Arnes Biogradlija

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…

Minesto, together with its partner SEV, has been conducting installation work for its tidal energy project in Vestmannasund, Faroe Islands, but due to a technical issue occurring during cable laying the subsea cable installation that connects to the electric grid was not completed. Since the issue is not related to Minesto’s DG100 tidal kite powerplant, the company expects to complete the infrastructure installation during upcoming periods of favourable tidal conditions. “No matter how eager we are to get the kite system up and running with electricity production to grid as soon as possible, we respect the lead time required to safely…

Ørsted, has awarded Semco Maritime a one-year service contract for programmed preventive maintenance on the two offshore substations for wind farms Borkum Riffgrund 1 and Borkum Riffgrund 2 in Germany. Semco Maritime will perform maintenance work on the substations’ LV utilities and fire, safety and structural systems. The contract furthermore includes upgrading of the helideck system on the Borkum Riffgrund 1 substation. “We look forward to working with Ørsted and ensuring that the sustainable energy produced at sea is brought to shore as smoothly and efficiently as possible. At the same time, we are pleased to return to the two…

Enel Green Power through its Indian renewable subsidiary EGP India, has signed a 25-year energy supply contract for a 420 MW solar project in the State of Rajasthan, India. The project was awarded under the 2 GW Ninth Tranche of the national solar tender issued by the government company Solar Energy Corporation of India (SECI). “This new tender award is testament to Enel Green Power’s continuous commitment to expand its clean, sustainable energy footprint, with the aim to move forward along the Enel Group’s path towards full decarbonization. India represents an important market in a strategic geography for our company,…