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AEI Sells 66-MW Solar Portfolio in Poland
The operational solar farms, which were taken over in 2018, were sold to a UK-based firm specializing in renewable energy. Grete BUKauskaite, AEI
Dec 17, 2024 // Plants, Large-Scale, Commercial, Poland, Europe, AEI
RES Seeks Approval for 100-MW Battery in Northern Ireland
UK-based renewable energy developer RES has formally submitted an application to construct a 100 MW battery energy storage facility near Dromore, County Tyrone, Northern Ireland. This move is part of a broader strategy to enhance local energy infrastructure and support renewable energy integration.The proposed facility aims to improve grid stability and facilitate the deployment of more renewable sources, contributing to the UK’s climate goals. If approved, the project would reinforce the region's energy capacity and support the transition towards a more sustainable and resilient energy system.
How will RES's battery storage facility impact renewable energy integration in Northern Ireland?
Enhanced Grid Stability: The 100 MW battery storage facility will provide critical backup power during peak demand times, ensuring that the grid remains stable and reliable. This can help prevent outages and maintain consistent energy supply in Northern Ireland.
Facilitating Renewable Energy Flow: By providing energy storage, the facility can absorb excess electricity generated from renewable sources during peak production times (e.g., windy or sunny days) and release it during low production periods, thereby enabling better integration of wind and solar energy into the grid.
Supporting Renewable Energy Targets: The project aligns with Northern Ireland's commitment to increasing its renewable energy capacity. By enabling more efficient use of renewable resources, the battery storage facility could help meet governmental and environmental targets aimed at reducing carbon emissions.
Economic Resilience: By improving the energy infrastructure, the battery storage project may attract further investment in local renewable energy projects. This can bolster local economies by creating jobs and stimulating growth in the green energy sector.
Reducing Energy Costs: With the ability to store energy and release it during peak demand, the facility may help to reduce overall energy costs for consumers by decreasing reliance on expensive peaking power plants that often run on fossil fuels.
Enhanced Flexibility for Grid Operators: The storage facility will provide grid operators with more flexible options for managing supply and demand, enabling them to respond quickly to fluctuations in energy use and generation.
Encouraging Decentralized Energy Systems: By integrating battery storage, this project could encourage the development of decentralized energy systems, where local communities generate and store their own renewable energy, reducing dependence on centralized grids.
Technology Demonstration: As one of the larger battery storage projects in Northern Ireland, it serves as a demonstration of advanced energy storage technologies, potentially paving the way for further innovations and investments in this field.
Mitigating Energy Waste: The facility will help mitigate energy waste during periods of high generation when demand is low. By capturing this energy for later use, it ensures that renewable resources are utilized more effectively.
Engaging Stakeholders: The development process may also foster better dialogue and partnerships among various stakeholders, including local communities, government agencies, and energy companies, promoting collaborative approaches to energy challenges in the region.
Jan 9, 2025 // Storage, Ireland, Europe, res
PS Renewables Secures Approval for 34-MW Solar Plant
while promoting sustainability and reducing carbon emissions in line with the UK's green energy goals.
How will PS Renewables' Lincolnshire solar project
Jan 29, 2025 // Plants, PV Power Plant, PS Renewables
Sonnedix safeguards EUR321m in financing for 63MW solar profile in Spain
private equity financier JZ International (JZI) as well as Elliott Advisors (UK).
In total amount, Sonnedix has more than 1GW of PV nuclear power plant in
Aug 10, 2020 // Markets & Finance News, UTILITY-SCALE SOLAR, Spain, Sonnedix, Axel Thiemann, Europe
ERG revealed to establish 600 MW PV portfolio in Germany
and operating wind farms with an overall mounted ability of 1,9 GW, including UK, France, Germany, Poland, Romania, Bulgaria as well as Italy. The Aream Group,
Dec 8, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, Germany, Europe, ERG, Luca Bettonte
Magnetar Capital secures 3GW United States solar pipe with Lendlease deal
and renewables financial investments in North America. A profile of Magnetar's UK solar properties in excess of 300MW was marketed in 2017 to Rockfire
Nov 17, 2020 // Plants, Large-Scale, Markets & Finance News, Storage, USA, UTILITY-SCALE SOLAR, North America, Craig Carson, Utility-Scale Storage, magnetar capital, vesper energy, Adam Daley
Gresham House elevates fresh funds for 485-MW battery pipe
UK battery storage fund claimed on Wednesday it has actually released 114.29 million average shares at a cost of GBP 1.05 apiece as part of an initial placement as well as an offer for registration. The offer received solid demand and had to be scaled back.
Funds from the transaction will certainly be assigned to fund Gresham House's 485-MW pipe of energy storage projects. This consists of as much as six brand-new near-term purchases for approximately 245 MW of capability. A small portion of the overall quantity will certainly be made use of to money dedications on particular existing storage space projects.
"We just recently laid out our programme to develop a more 10 projects of c. 485MW of battery storage over the following 12-18 months. This very successful fundraise, our biggest to date, opens a considerable very first step in the following phase of our portfolio development [.]," claimed chairman John Leggate CBE.
Jefferies International Ltd was the sole worldwide coordinator, bookrunner as well as economic advisor of the sale. The new stock is expected to begin trading on the London bourse on November 27.
Nov 27, 2020 // Storage, UK, Europe, John Leggate, Gresham House Energy Storage Fund Plc
InterGen wins Capacity Market agreement
a Capacity Market contract for a 320MW battery energy storage project in the UK.
The period of the contract is 15 years.
The Gateway battery will certainly
Feb 24, 2022 // Markets & Finance News, Storage, UK, Europe, InterGen, Jim Lightfoot
BeBa Energy finishes Norwich Airport solar mount
as well as built to include solar PV.
Garage 9 will be made use of by KLM UK Engineering to execute aircraft maintenance, with the 735 panel solar array
Apr 16, 2021 // Plants, Rooftop PV, UK, Europe, rooftop PV, BeBa Energy, Shaun Beattie
Sungrow to provide equipment for Malawi's 1st utility-size solar-storage project
with InfraCo Africa. The advancement is supported by RINA as well as Innovate
May 13, 2021 // Plants, Sungrow, China, Asia, solar-storage project, Shane Eglinton
JLEN, Foresight bag 50MW battery project
firm said.
ILI Group is creating 4GW of energy storage space projects in the UK, with a project pipeline comprising 2.5 GW of pumped storage hydro and 1.5 GW
Aug 2, 2022 // Storage, Foresight Solar Fund, SCOTLAND, ILI Group, Mark Wilson, JLEN, Ross Driver
ILI Group secures planning for 50MW Scottish battery
well as reducing reliance on fossil fuels, Projects like Cathkin will aid the UK realise its net zero
Aug 19, 2022 // Storage, SCOTLAND, ILI Group, Yoo Energy, Abbey Group
TagEnergy receives EUR450m capital injection
growing portfolio of greater than 2.7 GW in 5 countries spanning the UK, Spain, Portugal, France and Australia.
Impala and TagTeam Holding, the
Apr 12, 2022 // Markets & Finance News, Australia, Europe, Oceania, tagenergy, Franck Woitiez, Raphael Lance
Neoen strikes manage Chinese solar firm
in multiple nations, consisting of France, Germany, Switzerland as well as the
Dec 28, 2022 // Markets & Finance News, China, Asia, neoen, Suzhou Talesun Solar Technologies
China Three Gorges buys 104.5 MWp of solar projects in Spain
in Spain from EDP Renovaveis SA (ELI: EDPR) and 619 MW of solar PV assets from UK renewables capitalist Nexwell Power.
In Aldesa's press release on Monday,
Dec 13, 2022 // Plants, Large-Scale, Commercial, Markets & Finance News, Spain, China, Europe, Asia, solar projects, Three Gorges