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Macquarie takes risk in Island Green Power
has reached an agreement to get a 50% stake in UK renewables designer Island Green Power.
The investment, through the Macquarie Green Investment Group Renewable
Mar 31, 2022 // Markets & Finance News, UK, Europe, macquarie, island green power
Island Green Power Proposes 500-MW Solar Project in UK
Island Green Power (IGP) has revealed plans for a 500-MW solar and battery energy storage system, named the East Pye Solar project, in South Norfolk, England. The project will utilize multiple sites near Long Stratton and connect to an existing 400KV overhead line. IGP emphasizes a design that minimizes local community impacts while promoting biodiversity. A consultation phase will occur this autumn to gather stakeholder feedback about community benefits.If approved, East Pye Solar could provide power for approximately 115,000 homes annually. The project, which exceeds 50 MW, must go through a Development Consent Order (DCO) process, anticipated to take two to three years, with a goal of submitting the application in late 2025. Recently, IGP secured development consent for the 600-MW Cottam Solar Project in England.
What impacts and benefits are expected from Island Green Power's East Pye Solar project?
Expected Impacts and Benefits of Island Green Power's East Pye Solar Project:- Renewable Energy Generation: The East Pye Solar project will contribute significantly to the UK’s renewable energy targets, producing enough solar energy to power around 115,000 homes each year.- Reduction in Carbon Emissions: By providing sustainable energy, the project is expected to substantially lower carbon emissions, supporting the UK’s commitment to achieving net-zero greenhouse gas emissions by 2050.- Energy Security: The integration of a battery energy storage system enhances energy reliability and storage capacity, aiding in the stabilization of the grid and mitigating the risks of energy shortages.- Local Economic Boost: The construction and operational phases of the project are likely to create jobs, stimulate local businesses, and increase economic activity in the surrounding communities.- Enhancement of Local Biodiversity: IGP's design commitment includes measures to enhance local biodiversity, such as creating wildlife habitats and implementing ecosystem-friendly practices during and after construction.- Community Engagement: The consultation phase will provide local stakeholders with the opportunity to voice their opinions and suggestions, fostering a sense of community involvement and ownership in the project.- Infrastructure Development: Connectivity to existing power lines and modernizing local energy infrastructures can improve overall local energy management and efficiency.- Acknowledgment of Local Concerns: By prioritizing a design that minimizes community impacts, IGP demonstrates a commitment to addressing local concerns related to land use, environmental impact, and community wellbeing.- Long-term Sustainability: The project supports long-term regional sustainability goals, contributing to a more balanced energy mix and decreasing reliance on fossil fuels.- Potential for Future Innovations: The success of this solar project could pave the way for additional renewable energy initiatives in the area, fostering a culture of innovation and sustainability in energy production.- Educational Opportunities: The project may also provide educational opportunities for local schools and communities, raising awareness about renewable energy technologies and practices.- Adaptation to Climate Objectives: Establishing such projects aligns with local and national climate objectives, aiding in climate resilience and adaptation strategies for the region.By focusing on these benefits, the East Pye Solar project illustrates a significant step towards transitioning to renewable energy sources while considering the social, ecological, and economic fabric of the communities it impacts.
Sep 11, 2024 // Plants, UK, Europe, Solar Project, island green power
Solar power met 45% of demand on Caribbean island of St Eustatius last year
The Netherlands-administered Caribbean island last year saw almost half its power demand provided by a 4.1 MW solar-plus-storage plant, commissioned in late 2017. The facility generated 6.5 million kWh of the 14.3 million kWh of electricity consumed in the territory in 2018.
Oct 25, 2019 // Plants, Large-Scale, Commercial, Storage, Europe, solar-plus-storage, Netherlands, Caribbean
Rikers Island might come to be a renewable resource and storage space center
Rikers Island, the well known island house to New york city City's main jail complex, is to be made use of to discover the development of renewable resource generation as well as battery power storage.
Mar 9, 2021 // Markets & Finance News, USA, New York, solar-plus-storage, North America, colocation, bill de blasio, feasibility study, rikers island
What is Island system?
A power system not tied to the power grid and used mostly in remote regions. Unlike grid-connected installations, an island system generates electricity only
Sep 12, 2023
New York Funds Energy Storage On Long Island
Gov. Andrew M. Cuomo, D-N.Y., has announced a funding opportunity for both residential and commercial energy storage on Long Island.
Jul 8, 2019 // Markets & Finance News, New York State Energy Research and Development Authority, NYSERDA, Cuomo’s Green New Deal, NYSERDA and PSEG-LI
sPower and PSEG Long Island construct 20-MWac New York solar system
sPower, a company handling development, construction and operation of solar power facilities, and PSEG Long Island, a major electric utility provider, have completed a 20-MWac solar plant in Riverhead, New York. The project will provide power for approximately 2,870 homes annually, as New York moves to completely decarbonize its electricity system by 2040.
Jul 24, 2019 // Large-Scale, Commercial, USA, New York, sPower, PSEG Long Island, Paul Napoli, Long Island, North America
Enel Green Power Spain to develop solar farm with VRFB storage space in Mallorca
Enel Green Power Espana, the renewables division of Spanish utility Endesa SA (BME: ELE), has acquired construction permits to develop 2 smaller sized solar farms on the island of Mallorca, Spain, one of them including energy storage space in vanadium redox flow batteries (VRFB).
Dec 13, 2021 // Plants, Large-Scale, Commercial, Storage, Spain, Europe, PV Power Plant, Mallorca, Enel Green Power Espana
AUI Partners building Rhode Island's biggest single-rooftop solar project
NuGen Capital Management starts building and construction of a 6.76-MWdc roof solar energy system in the business's house state of Rhode Island. The project, comprised of over 16,000 photovoltaic panels, is being set up by AUI Partners on a 560,000 sq ft storage facility in East Greenwich, Rhode Island. Complete business operation of the project is expected in early 2021.
Dec 8, 2020 // Plants, Large-Scale, Rooftop PV, USA, North America, Solar Project, AUI Partners, David Milner, Steven Contente, Joe Walsh, Aaron Rust
Eunice's EUR 11m Green H2 Hub
Eunice Energy Group is leading a consortium to create the Crete-Aegean Hydrogen Valley (CRAVE-H2) project. The EUR 11 million project will use renewable electricity to produce 500 tonnes of green hydrogen annually and cover the entire value chain. European Commission and Clean Hydrogen Partnership co-finance EUR 8 million.
Jun 21, 2023 // Storage, Solar to Fuel, Eunice Energy Group, Crete-Aegean Hydrogen Valley project
Photon Energy hands over 1.3-MWp solar-storage system to Lord Howe Island
The governing authority of Australia's Lord Howe Island has been handed over a solar-plus-storage crossbreed power system, an AUD-11.1-million (USD 8.1 m/EUR 6.9 m) project aimed at aiding the tiny island community lower diesel intake.
Sep 17, 2021 // Plants, Large-Scale, Commercial, Storage, Australia, Oceania, photon energy, solar-storage system
Nautilus Solar Energy completes biggest community solar project in Rhode Island
Nautilus Solar Energy as well as TurningPoint Energy revealed the King community solar project located in North Smithfield, Rhode Island, has actually gotten to mechanical completion as well as will certainly be completely functional in July.
Jun 9, 2021 // Plants, USA, North America, Nautilus Solar Energy, Rhode Island, Jim Rice, Jeffrey Cheng
Corsica Sole to Build First Green Hydrogen Plant in Corsica
Corsica Sole is set to revolutionize the energy landscape with Foll'Hy, the first green hydrogen production plant in Corsica. This innovative project will store renewable power and fuel heavy maritime mobility, paving the way for a greener future.
Jan 30, 2024 // Solar to Fuel, Corsica, green hydrogen, Corsica Sole
Standard Solar purchases 6.2 MW of community solar in Rhode Island
US firm Standard Solar Inc stated on Tuesday that it has actually acquired a 6.2-MW portfolio of community solar projects in Rhode Island from China's Trina Solar Co Ltd (SHA:688599).
Oct 18, 2022 // Markets & Finance News, USA, North America, Standard Solar, Rhode Island
Nautilus Solar Energy obtains solar projects in Oregon and also Rhode Island
Nautilus Solar Energy, a national solar project purchase, advancement as well as asset administration company, got 2 solar portfolios from Pine Gate Renewables in Oregon as well as Rhode Island totaling about 17 MW. Both advancements remain in the early-to-mid stages.
Nautilus will certainly take each portfolio to completion and also be in charge of the long-term possession management and also maintenance solutions for the projects.
Sep 22, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, Nautilus Solar Energy, Solar Project, Jim Rice, Patty Wright