Europe
Sweden Tests Solar-Powered Hybrid Truck
Funded by Vinnova and Scania, this research project is developing a solar-powered hybrid truck with a 560-horsepower plug-in hybrid and 18m trailer covered with 100 sqm solar panels. Expected to reduce emissions and sell electricity to the grid, the truck is being tested by Ernsts Express AB.
Aug 31, 2023 // Transport, Sweden, hybrid, Europe, Scania, Electric, truck
Encavis Buys 12MW Battery in Germany
Encavis AG has announced the purchase of a 12MW/24MWh battery storage project in Hettstedt, Germany. The energy storage system will be integrated into the grid in 2024 and will store electricity from Encavis' renewable power facilities, reducing the cost of balancing energy. Mario Schirru, Encavis' Chief Investment Officer, highlighted the new plant's ability to generate more revenue from their Renewable Energy. First half of 2023 results reported flat revenue and earnings per share.
Aug 30, 2023 // Markets & Finance News, Storage, Germany, Europe, encavis
France Awards 378 MW in C&I Solar Tender
France's C&I rooftop PV applications have been awarded 860+ MW since 2017, demonstrating the country's commitment to sustainable energy goals.
Aug 29, 2023 // Rooftop PV, France, tender, Europe
Asterion Buys German Steag, Bets on Renewables
Spanish investment firm Asterion Industrial Partners has reached a EUR 2.6 billion deal to acquire German energy company Steag GmbH. The proposed transaction includes investment in renewable energy, new green job creation, and is expected to close by 2023.
Aug 28, 2023 // Markets & Finance News, Storage, Spain, Europe, Asterion
Fortum to Build 90-MW Solar Park in Sweden
Fortum, a Finnish energy company, plans to build a 90-MW solar power plant in Sweden. The project, called Alvret, will cover 95 hectares of land and is estimated to take up to three years to complete. Construction will begin once the permit process is finished. An additional 80-MW solar project is planned for Virolahti, Finland.
Aug 28, 2023 // Plants, Large-Scale, Commercial, Sweden, Europe, PV Power Plant, Fortum
RWE Builds Solar-Storage at Hambach Mine
RWE AG is constructing an 8.4-MW solar farm with an 8-MWh battery storage system in Germany, consisting of 22,000 bifacial modules that will power 3,100 households. The project is part of a EUR 4 billion (USD 4.34bn) plan to build 1,000 MW of renewable energy in the Rhenish mining district by 2030.
Aug 25, 2023 // Plants, Storage, Germany, Europe, rwe
23.7% Solar Cell: A New Monolith Perovskite-PERC
New research from the Netherlands has led to the creation of a monolithic perovskite-PERC tandem solar cell with a tunnel recombination junction, achieving an efficiency of 23.7%. This technology is expected to be beneficial for scaling up to larger sizes.
Aug 25, 2023 // Technology, Europe, solar cell, perovskite, Netherlands, Eindhoven University of Technology, TNO, TNO/Holst Centre, Eindhoven Institute for Renewable Energy Systems, EIRES
Atea Powers Up with Green PPA
Atea, an IT infrastructure supplier, has signed a 10-year Power Purchase Agreement with Better Energy to purchase 70GWh of renewable energy from their new solar project in Denmark. Atea shows their commitment to reducing carbon emissions and supporting clean energy technologies. Better Energy is excited to welcome Atea to their partnership.
Aug 23, 2023 // Markets & Finance News, PPA, Europe, Denmark, Better Energy, Atea
Serbia's Solar Gateway: 300 MW
Join the Kladovo Solar Gate project and help Serbia become a leader in renewable energy. This proposed 300 MW solar photovoltaic plant is located 5 kilometres from the city of Kladovo and is in its early planning stages. Be part of a potentially revolutionary new energy source.
Aug 22, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, Europe, PV Power Plant, Serbia
Northvolt Raises $1.2bn for Expansion
Northvolt, a leading European battery manufacturer, has secured over $9bn in equity and debt to fund its European and North American expansion. Investor include Investment Management Corporation of Ontario, BlackRock, Canada Pension Plan Investment Board, OMERS, Goldman Sachs Asset Management, AP Funds 1-4, Folksam Group, ATP and Volkswagen Group.
Aug 22, 2023 // Markets & Finance News, NORTHVOLT, Sweden, Europe
Secursun Launches 1.1GW German Solar Portfolio
Secursun, a German joint venture, has started construction of its portfolio of 1.1GW solar parks in Germany, with 7+ projects beginning this year & more to complete by 2026. Berlin-based Securenergy Solutions & Sunotec specialize in solar construction.
Aug 22, 2023 // Markets & Finance News, Germany, Europe, Secursun
Renewable Energy Investment Hits Record-Breaking $358 Billion in 1H 2023
Global new investment in renewable energy skyrocketed to $358 billion in the first six months of 2023, a 22% rise compared to the start of last year and an all-time high for any six-month period. This is based on the latest investment data from BloombergNEF’s 2H 2023 Renewable Energy Investment Tracker report, published on August 21, 2023.
Aug 22, 2023 // Market Research, USA, Germany, China, Europe, Asia, North America
PAD RES Secures €54m for Poland Solar
PAD RES secures €54 million investment from Polish Development Fund for two solar farms in Pomeranian Voivodeship with 117 MW capacity, 140 hectares coverage. Electrum chosen as general contractor to strengthen market position for energy transition in Poland.
Aug 21, 2023 // Plants, Large-Scale, Commercial, Markets & Finance News, Poland, Europe, PV Power Plant, PAD RES
Latvia's 115MW Solar Farm: Powering a Greener Future.
European Energy is set to build a 115MW solar farm in Broceni, Latvia. Generating 120,000MWh of renewable electricity annually, this project will lead to reduced electricity and heating costs for citizens, helping Latvia transition to a greener economy. European Energy's portfolio of 1.5GW of renewable energy projects in Latvia shows their commitment to sustainability.
Aug 21, 2023 // Plants, Large-Scale, Commercial, Europe, european energy, PV Power Plant, Latvia
Trina Solar Powers 140MW Albanian PV Project
Trina Solar and Voltalia have partnered to build Karavasta Solar, a 140MW solar project in Albania. Funded by EBRD, the project is expected to generate electricity and employment to the local community, with 1% of the total investment going towards social initiatives.
Aug 17, 2023 // Markets & Finance News, Europe, Trina Solar, Albania, Solar Project
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