Europe

Statera Secures €345M for UK BESS, Power Projects
Statera Energy Limited secures GBP 300 million in debt financing to deliver the UK's largest 300-MW/600-MWh BESS project near Greater London. Statkraft support enables the financing of over 16 GW of Statera projects, with 7.5 GW expected to be operational by 2030.
Nov 23, 2023 // Storage, UK, Europe, Statera Energy
Modus Secures Debt for 22-MW Lithuanian Solar
Modus Asset Management secures EUR 14 million from SEB Bank to finance the purchase of a solar portfolio in Lithuania with bifacial photovoltaic panels and single-axis trackers. This acquisition brings Modus' solar portfolio up to 76 MW and is expected to generate 26 GWh of electricity annually.
Nov 23, 2023 // Markets & Finance News, Europe, Lithuania, modus
Voltalia Secures PPA for 34MW Solar in UK
Voltalia secures PPA with Co-op for 34-MW Eastgate solar project in Northern England. Co-op to purchase green energy for 15 years, enough to power 170 food stores and 500 funeralcare homes, helping reach net zero operations by 2035.
Nov 23, 2023 // Plants, Large-Scale, Commercial, UK, PPA, Voltalia, Europe
Europe's Largest Solar Plant Halted in Romania
Discover why Romania's largest solar power project in Europe was cancelled. Learn how private companies are blocked from building projects over 50 hectares outside urban areas and read about Germany's 800MW floating solar power plant in Bulgaria!
Nov 22, 2023 // Plants, Europe, Romania, PV Power Plant
Gresham House Energizes 50MW UK BESS
Gresham House Energy Storage Fund energises West Didsbury 50MW battery in Manchester, England. Operational capacity reaches 690MW with revenue expected in December. Expansion to 100MWh in 2024 and 1.1GW/1.7GWh of projects by year end. Each megawatt/megawatt-hour capacity lowers cashflow and more commissioning announced soon.
Nov 21, 2023 // Storage, UK, Europe, Gresham House
51 MW of Romanian Solar Power Secured by INVL Fund
INVL Renewable Energy Fund I secures EUR 25 million loan from Kommunalkredit Austria AG to back 451 MW of solar parks in Romania and Poland. Construction set to be completed by end of 2025.
Nov 21, 2023 // Markets & Finance News, Poland, Europe, Romania, INVL Renewable Energy Fund I
R.Power Buys 18-MWp Polish Solar
Renew your power: R.Power Renewables, a Poland-based energy company, has purchased a 18-MWp solar project portfolio. 306 MWp projects sold and 471 MWp acquired since establishment with more planned. Discover this energy revolution!
Nov 21, 2023 // Markets & Finance News, Poland, Europe, r.power
Ignitis Takes 239-MWp Solar Leap in Latvia
Ignitis Group makes historic FID to build 239-MWp solar capacity in Latvia - largest ever such investment in Baltic states. EUR 178 million investment to increase green generation of Ignitis to 4-5 GW by 2030, construction to start in 2021.
Nov 21, 2023 // Markets & Finance News, Europe, IGNITIS, Latvia
Elecnor-Statkraft Deal: 1.8B EUR for Renewables Unit
Norwegian power company Statkraft AS wins the bid for Spanish infrastructure builder Elecnor SA's renewables unit Enerfin, valued at EUR 1.8 billion. Strengthening its operations in Spain and Brazil, Statkraft secures a share in 1,734 MW of wind and solar projects.
Nov 20, 2023 // Markets & Finance News, Spain, Europe, elecnor, Statkraft AS
GE, Alfanar Unite for 334MW of Renewables in Spain
GE Vernova & Alfanar form JV to develop 334MW of wind & solar projects in Spain; targeting ready-to-build status by 2025 & COD by 2027. Plans to explore battery & energy storage solutions.
Nov 20, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, Storage, Spain, Europe, Alfanar, GE Vernova
Greenvolt's 5MW Battery: Portugal's Renewables Revolution
Greenvolt is striving to be the first to get certified by the Portuguese govt in the near future. Discover the full story and see why this certification matters!
Nov 17, 2023 // Storage, Portugal, Europe, Greenvolt
Pacific Green Nabs 51% of 500-MW Italian BESS Portfolio
Pacific Green Technologies Inc has taken a majority stake in a 500-MW/2,800-MWh portfolio of BESS projects in Italy, with the CEO noting the move as part of their European expansion. Construction of the facilities to start in late 2025, with a 35-year operating lifespan.
Nov 17, 2023 // Markets & Finance News, Storage, Italy, Europe, Pacific Green Technologies
Cero Generation Powers Up 70-MW Agri-PV Plant
Cero Generation and Macquarie's Green Investment Group have successfully launched the 70-MW Pontinia solar photovoltaic plant in Italy's Lazio region. The agrivoltaic project produces electricity for the grid and two virtual PPAs with Heineken NV and Philips, while also growing agricultural crops on 65% of its surface area.
Nov 17, 2023 // Plants, Italy, Europe, cero generation, Agri-PV Plant
EDPR Powers Up 5-MWp Solar in France
EDP Renewables has achieved a major milestone with the completion of its first 5 MWp solar park in northeastern France. The Neuilly project will generate enough electricity to meet the needs of 1,200 households and mitigate over 2,500 tonnes of CO2 emissions every year. This is just the start of EDP's renewables expansion into France, with plans to develop 330 MWp of solar capacity and manage an additional 388 MW for clients. Join the French renewable energy revolution and make the switch to clean energy today!
Nov 16, 2023 // Plants, Large-Scale, Commercial, France, Europe, EDP Renewables, PV Power Plant
Foresight Solar Sells Half Stake in 99-MW Spanish Portfolio
Foresight Solar Fund Ltd (LON:FSFL) sells 50% stake in 99-MW Lorca solar portfolio, 21% premium to value. Funds will be used to reduce credit facility. 200 MW more divestment underway. Alexander Ohlsson highlights successful acquisition strategy.
Nov 16, 2023 // Markets & Finance News, Spain, Europe, Foresight Solar Fund Ltd