EUROPE ROUND-UP: Denmark's very first bifacial solar farm is offered, RWE to pocket French solar

Aug 3, 2020 06:07 PM ET
  • A round-up of the most up to date news from Europe's solar market, as European Energy liquidates Denmark's initial solar farm constructed making use of bifacial panels and also both RWE and also Octopus grab French solar properties.

European Energy unloads 50MW Danish bifacial solar farm

3 August 2020: Renewables asset proprietor European Energy has actually accepted divest its 50MW Hanstholmvej solar park in Denmark.

European Energy asserts the project to be the initial to feature bifacial panels in Denmark as well as it will certainly currently alter hands to be owned by LHI Group, a German investment administration company.

The project's financing is underpinned by a long-term company power purchase contract signed with an unrevealed huge international business.

European Energy is to retain duty for the operation and also administration of the project.

French solar attributes in monstrous Nordex/RWE bargain

31 July 2020: A prospective bargain for energy giant RWE to get Nordex's multi-gigawatt European renewables pipe consists of around 100MW of French solar.

Renewables designer Nordex authorized a sale contract with RWE for 2.7 GW of projects spread out throughout Europe for a cash money consideration of EUR402.5 million and also while the considerable majority is wind, around 100MW of prospective solar projects in France is included in the offer

Closing of the purchase is subject to regulative approvals yet is anticipated to happen in Q4 2020.

Earlier this RWE year finished a significant asset swap with power company E.On to increase down its concentrate on utility-scale renewables.

Octopus gets in French PV market with 120MW portfolio get

31 July 2020: Octopus Renewables, one of the UK's biggest proprietors of solar assets, has actually sprinkled almost EUR60 million on a 120MW-strong portfolio of solar possessions in France.

The offer-- its very first in the nation-- will see it get 14 completely functional possessions, every one of which obtain feed-in tariffs under France's 2011 Tariff Order.

The projects all began running between 2013 and also 2015 and also have on typical 12.7 years of feed-in toll support, Octopus claimed.

The renewables group will pay EUR58.9 million to obtain the portfolio which has EUR99 numerous existing forecasting finance from Hamburg Commercial Bank.

Solar increases Finland's 'first of its kind' power neighborhood

31 July 2020: A self-dependent "intelligent power community" has actually started operations in Finland, offering clean power to 300 companies.

The Lemene Project provides 12MW of power to business, all located in the Marjamäki sector area in Lempäälä, Finland. A 4MW ground-mounted solar project types part of a smart grid network that also makes up inverters given by FIMER.

Claimed to be a first of its kind in Finland, its completion comes in the middle of a bigger action from the Finnish federal government to increase the use of renewables in the country. It was just one of 11 projects to receive federal government backing, sharing a EUR4.74 million funding pot from the Finnish Ministry of Economic Affairs and also Employment.

The solar aspect of the project is one of Finland's biggest solar farms in operation as well as has a yearly result of 3,600 MWh.

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