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Pivot Power, Wartsila group reveal 100MW UK storage duo
Pivot Power, part of EDF Renewables, has actually introduced a take care of modern technology company Wartsila to deliver 2 new grid-scale battery storage space
Jul 21, 2021 // Storage, UK, Europe, Pivot Power, Wartsila group
Standard Solar buys PV array for microfiltration treatment plant
Lawsbrook solar setup with 4 MWh of storage, which was again established by EDF Renewables. Standard Solar presently owns and runs nearly 20 MW of clean power in
Apr 26, 2023 // Markets & Finance News, USA, North America, Standard Solar, PV Power Plant, Knox Solar + Storage project
Funding Secured for Abu Dhabi's 1.5-GW Solar Project
EDF Renewables, Korea Western Power Co. (KOWEPO), and Masdar have successfully secured financial closure for the 1.5-GW Al Ajban solar project in Abu Dhabi's Al Khazna area. This achievement follows the acquisition of debt financing from a consortium of six banks, including BNP Paribas, Credit Agricole CIB, and HSBC Middle East. The project aims to provide electricity to approximately 160,000 homes and features three million bifacial photovoltaic panels mounted on single-axis trackers.The Al Ajban solar complex, located about 70 kilometers northeast of Abu Dhabi, is expected to begin commercial operations in the third quarter of 2026. The energy generated will be supplied to the utility EWEC under a 30-year power purchase agreement. The ownership of the project is split between the partners, with EDF and KOWEPO each holding 20% and Masdar holding 60%, following their successful bid in April to build and operate the solar facility. What are the key details and implications of the Al Ajban solar project? Key Details and Implications of the Al Ajban Solar Project- Location: The Al Ajban solar project is situated in the Al Khazna area, approximately 70 kilometers northeast of Abu Dhabi, highlighting the UAE's commitment to utilizing its vast desert areas for renewable energy generation.- Capacity: This project boasts a substantial capacity of 1.5 gigawatts (GW), making it one of the largest solar power initiatives in the region.- Technology: The solar complex will utilize three million bifacial photovoltaic (PV) panels. Bifacial technology enhances efficiency as these panels can capture sunlight from both sides, benefiting from reflected sunlight from the ground.- Tracking System: The panels will be mounted on single-axis trackers, allowing them to follow the sun's path throughout the day and further increasing energy output.- Electricity Supply: The energy produced will supply electricity to approximately 160,000 homes, significantly contributing to the UAE’s goal of increasing energy access and sustainability.- Power Purchase Agreement: The project has secured a 30-year power purchase agreement (PPA) with the Emirates Water and Electricity Company (EWEC), ensuring long-term revenue stability and support for infrastructure costs.- Financial Structure: Financial closure was achieved through a consortium of six banks, including major players such as BNP Paribas, Credit Agricole CIB, and HSBC Middle East, signaling strong investor confidence in renewable energy projects in the region.- Ownership Stake: The ownership distribution entails EDF Renewables and Korea Western Power Co. (KOWEPO) each holding 20% of the project, while Masdar holds a majority stake of 60%, showcasing collaborative international efforts in the renewable sector.- Environmental Impact: The project is part of the UAE's larger strategic initiative to diversify its energy mix and reduce reliance on fossil fuels, aligning with its sustainability goals and climate commitments.- Job Creation and Economic Development: The construction and operation of the Al Ajban solar project are expected to create jobs and foster economic growth in the region, both during the building phase and in ongoing maintenance and operation.- Timeline: Commercial operations are anticipated to commence in the third quarter of 2026, marking a significant milestone in the UAE's renewable energy timeline.- Future Implications: Successful completion and operation of the Al Ajban solar project could set a precedent for future investments in solar energy across the Middle East and beyond, paving the way for a transition to more sustainable energy systems globally.
Sep 18, 2024 // Plants, Large-Scale, Commercial, Masdar, EDF Renewables, PV Power Plant, KOWEPO
RES gets green light to establish France's 'biggest' floating solar project
of its kind when it was completed in 2019. Work is likewise now in progress by EDF Renewables to build a 20MW floating project that will certainly be colocated with the
Sep 29, 2021 // Plants, Large-Scale, Commercial, Floating PV, France, floating PV, Europe, res, RES Group
Canada’s Solar Provider Group enters Brazilian PV with US$250m push
Enel, Spain’s Enerside, the UK's Lightsource BP and France’s EDF Renewables all have utility-scale projects in the country. Brazil’s president Jair
Jan 6, 2020 // Markets & Finance News, South america, Latin america, Brazil, Solar Provider Group, spg
Nevada waves through 1.19GW/590MW solar-plus-storage hybrid
a 200MW PV project with a 75MW five-hour battery system being developed by EDF Renewables North America; a 300MW solar array, including a 135MW four-hour battery
Dec 6, 2019 // Plants, Large-Scale, Commercial, Storage, USA, EDF, Nevada, North America, 8minutenergy, 8minute Solar Energy, nv energy, arevia power, quinbrook infrastructure partners
Macquarie's GIG purchases United States eco-friendly platform with 6-GW pipeline
Macquarie Asset Management's Green Investment Group (GIG) has invested in US greenfield renewable energy platform Galehead Development, thus gaining access to a 6-GW project pipe.
Jul 19, 2022 // Markets & Finance News, USA, North America, macquarie, GIG, Galehead Development
Solar companies unite to launch variety and addition effort
participants include Capital Dynamics, Cypress Creek Renewables, EDF Renewables, Generate Capital, Mosaic, Nautilus Solar Energy, New Columbia Solar,
Oct 13, 2020 // Markets & Finance News, Capital Dynamics, USA, SEIA, nautilus, Cypress Creek Renewables, Mosaic, North America, Nextracker, sol systems, EDF Renewables, corporate social responsibility, renewables forward, generate capital, new columbia solar, volt energy, Gilbert Campbell
Fluence Energy and Atmos Renewables Revolutionize Australia's Renewables Portfolio
Fluence Energy's expanded contract with Atmos Renewables brings enhanced visibility and swift action to optimize Australia's renewable assets, combating curtailment and improving asset management.
Feb 12, 2024 // Plants, Australia, Oceania, Fluence Energy, Atmos Renewables
Leeward Renewable Energy signs PPAs with Verizon for 360MW of solar
early last year for 845MW of solar capacity with Lightsource bp, Invenergy, EDF Renewables and NextEra Energy Resources. Verizon has additionally previously penned PPAs
Jan 25, 2022 // Markets & Finance News, USA, PPA, Texas, Arizona, First Solar, North America, leeward renewable energy, Verizon
DSD raises US$ 85m to enhance C&I solar pipe
expected to increase ability to more than 550MWp in two years. In the US, EDF Renewables obtained 100% people dispersed generation firm EnterSolar in January, while
May 21, 2021 // Markets & Finance News, BlackRock, Erik Schiemann, bank of america, DSD
State's largest solar power project proposed for Concord, Sardinia
San Diego company planning the largest solar farm in New York State. EDF Renewables has filed documents in Albany to begin the process of seeking a permit to put
Oct 7, 2019 // Plants, Large-Scale, Commercial, EDF Renewables, Albany, Sardinia, Chuck Bockhahn, Clyde M. Drake, Beverly Gambino, Jack Honor, Douglas Bowen, Daniel A. Spitzer, John D. Chirlin
7X Energy sells 130-MW Texas solar project to KOMIPO
United States solar programmer 7X Energy Inc claimed today it has actually sold its 130-MW Elara solar project in Texas to KOMIPO America Inc, a subsidiary of Korea Midland Power Co Ltd
Jun 9, 2021 // Plants, Large-Scale, Commercial, Markets & Finance News, USA, North America, 7x energy, KOMIPO, Solar Project
US programmer Geenex Solar bags financing to advance PV as well as energy storage pipe
of over 20 solar properties in PJM completing more than 4.5 GW of capacity to EDF Renewables North America. PJM is a local transmission organisation that works with the
Dec 15, 2021 // Markets & Finance News, Storage, USA, PJM, North America, geenex solar, EnergyStorageUS, New Energy Capital
Masdar Opens New Office in Saudi Arabia With Focus On Renewable Projects
Jeddah Noor Solar Photovoltaic Plant, through a consortium led by Masdar with EDF Renewables and also Nesma Company as companions. The consortium authorized a 25-year PPA
Oct 31, 2022 // Markets & Finance News, clean energy, Mohamed Jameel Al Ramahi, Masdar, Saudi Arabia, Asia, energy mix, Dumat Al Jandal Wind Farm, Saudi Power Procurement Co, South Jeddah Noor Solar Photovoltaic Plant, wind and solar projects