Author: Arnes Biogradlija

Claritas Poland has received a new interim financing for 25 photovoltaic systems in Poland. The construction has already started and should be completed by Q1 2020. The consulting firm Capcora is acting as financial advisor with the structuring of the transaction and debt sourcing. The new portfolio, which is to be built by the end of the first quarter of 2020, consists of 25 open-space photovoltaic systems with an output of up to 1 MW each.  The portfolio benefits from a 15-year contract from the auction in November 2018. The deadline for completing projects was extended to November 2020 at the…

JinkoSolar has launched the Tiger Pro module series through a virtual product launch that was broadcasted live around the world. The Tiger Pro module series showcases multiple solar power efficiency innovations across three flagship model. The module series can generate maximum power output of up to 580Wp, which are 40% higher than current mainstream products installed in utility projects. The advantages of the Tiger Pro module series include lower power attenuation rate (at 2% for the first year) and better open-circuit voltage. Slated to begin mass production in the third quarter of 2020, the series is expected to lead the…

The first foundation for Vattenfall’s offshore wind farm Kriegers Flak, offshore Denmark, has been placed on the bottom of the Baltic Sea. As a part of the project 72 wind turbines will be installed on the foundations. The result will be Denmark’s largest offshore wind farm with a capacity that covers the annual electricity consumption of about 600,000 Danish households. “The foundation represents the first visible offshore part of the wind farm itself. It is a milestone in the development of this giant project and in Vattenfall’s journey towards making it possible to live fossil-free.”Catrin Jung, head of Offshore Wind, Vattenfall Installation…

SunPower announced that its planned company split into two independent, pure-play solar companies took an important step forward when Maxeon Solar Technologies’ future investor and long-time partner Tianjin Zhonghuan Semiconductor , received necessary regulatory approval from China’s State Administration for Market Regulation. SunPower announced last November that it planned to separate into SunPower and Maxeon Solar. Each company will focus on distinct offerings built on extensive experience across the solar value chain. Concurrent with the transaction, an equity investment of $298 million will be made in Maxeon Solar by TZS, a premier global supplier of silicon wafers. “Today’s announcement puts us one step closer…

Equinor, Shell and Total have decided to invest in the Northern Lights project in Norway’s first exploitation licence for CO2 storage on the Norwegian Continental Shelf. Plans for development and operation have been handed over to the Ministry of Petroleum and Energy. “The Northern Lights project could become the first step to develop a value chain for Carbon Capture and Storage (CCS), which is vital to reach the global climate goals of the Paris Agreement. Development of CCS projects will also represent new activities and industrial opportunities for Norwegian and European industries.”Anders Opedal, executive vice president for Technology, Projects & Drilling at Equinor The investment decision is…

Siemens Gamesa intends, together with Taiwan-based suppliers, to expand its nacelle assembly facility in Taichung to create a regional offshore wind nacelle industrial hub. The first project to be supported by the broader manufacturing plant will be the 300 MW Hai Long 2 project. The expansion is subject to certain conditions including the acceptance by the Taiwanese authorities of Hai Long 2’s Industrial Relevance Proposal (IRP), and the final investment decision by the project partners. Siemens Gamesa was named as preferred supplier for the offshore wind turbines in November 2019. The facility is currently under construction and will begin production…

DEME Concessions, a DEME Group subsidiary, completed the sale of its 12.5 percent interest in the Merkur offshore wind farm to APG and TRIG. The consortium comprising of funds managed and/or advised by Partners Group (50 percent), InfraRed Capital Partners (25 percent), DEME Concessions (12.5 precent), GE Energy Financial Services (6.25 percent) and ADEME, acting on behalf of France “Investments for the Future” programme (6.25 percent) successfully completed the selling of 100 percent of Merkur Offshore, one of the largest wind farms in Germany. The buyers are the Dutch pension investors APG, and The Renewables Infrastructure Group (TRIG). The deal…

SeaTwirl has now been granted a patent for an anchoring solution by the US Patent Office. The grant follows a notice of allowance that SeaTwirl published a press release about in January 2020. Offshore wind turbines will be subjected to severe weather conditions and the anchoring is therefore an important aspect. The patent refers to an anchoring solution with one or more float bodies between the turbine and the seabed anchoring. This improves the stability and reduces the risk that the turbine becomes partly submerged during a storm. “The anchoring is an important part of offshore wind power. We continue…

Sunverge has been selected by Delmarva Power, an Exelon Company, for a planned virtual power plant (VPP) behind-the-meter project on the Elk Neck peninsula in Cecil County, Maryland. During outages the VPP will provide backup power to homes located on a peninsula on the Chesapeake Bay. These homes are situated in a heavily forested area and supported by an overhead and underground distribution feeder that is four miles long. Many customers are vulnerable to grid outages because of this isolation, and can greatly benefit from reliable backup generation. “We are honored and excited to be selected for this project and to…

ScottishPower has acquired wind farm developments from local individual shareholders of 3R Energy and Mitchell Energy. The acquisition will see a combined capacity of 165MW of new clean electricity generation developed near Douglas in South Lanarkshire, 35 miles south of Glasgow. ScottishPower has signed two separate deals to build wind turbines in central Scotland that could see an investment of over £150 million as part of the company’s pledge to invest in the UK’s green economic recovery and contribute to meeting Net Zero goals. Both investments will build a renewable energy cluster in South Lanarkshire, totaling 220MW when linked to…