Europe & UK

Europe & UK

Does renewables pioneer Germany risk running out of power?

July 19, 2019 Anand Gupta

The country, the biggest electricity market in the European Union, is abandoning nuclear power by 2022 due to safety concerns FRANKFURT: Germany, a poster child for responsible energy, is renouncing nuclear and coal. The problem is, say many power producers and grid operators, it may struggle to keep the lights on. The country, the biggest […]

Europe & UK

Q CELLS supplies low-carbon modules to 4.5 MW solar plant in France

July 17, 2019 Anand Gupta

The largest ground mounted solar plant in France’s Brittany region was connected to the grid in early July, powered by 14,600 Q.PEAK-G4.2 solar modules – supplied by Q CELLS. Berlin, Germany: Hanwha Q CELLS GmbH (“Q CELLS” or “The Company”), the German subsidiary of one of the largest solar cell and module manufacturers in the […]

Europe & UK

Spain: EIB and ICO sign a green financing deal with IBERDROLA for the largest photovoltaic power plant under construction in Europe, in Extremadura

July 17, 2019 Anand Gupta

The EIB will provide EUR 145m and ICO up to EUR 140m to finance the Núñez de Balboa project The new installation will have a total power output of 500 MW and will come on line next year More than 1000 people will be employed at the plant during the construction phase The European Investment […]

Europe & UK

Sun Investment Group’s 600MW Solar Power Installations to Cut Poland’s Carbon Footprint by 306,000 Tonnes Annually

July 16, 2019 Anand Gupta

SIG to build new solar energy installations worth 600MW across Poland which will reduce the country’s CO2 output by the equivalent of taking 67,000 cars off the road per-year Sun Investment Group (SIG) recently sold the 42.36 MW Polish solar energy portfolio it shared with E Energija to Aberdeen Standard Investments. After the sale, SIG […]

Europe & UK

Europe’s Offshore Wind Market Continues Hammering Down Costs

July 16, 2019 Anand Gupta

Europe may lose ground to China in the years ahead, but recent announcements underscore its centrality to the global offshore wind market. Momentum is growing for U.S. offshore wind, and expectations for China are sky-high. But Europe is where the real market action is happening today, as a flurry of recent news highlights. Last week, […]

Europe & UK

Aquila renewables fund acquires stake in Norwegian wind farm

July 13, 2019 Anand Gupta

LONDON: * Aquila European Renewables Income Fund has acquired 25.9% of the share capital in Midfjellet Vindkraft AS, one of Norway’s largest operating wind farms, it said on Friday. * The value of the acquisition was not disclosed. * Revenues will come from a power purchase agreement which covers 70% of expected energy production for […]

Europe & UK

Scatec Solar reaches financial close for another 54 MW in Ukraine

July 8, 2019 Anand Gupta

Oslo: Scatec Solar and partners have closed financing for the 54 MW Boguslav project with a total investment of EUR 54 million. FMO, the Dutch development bank, Green for Growth Fund (under FMO’s B Facility) and GIEK (providing an unfunded credit guarantee) have signed credit agreements for the non-recourse debt financing of the Boguslav project. […]

Europe & UK

JinkoSolar Supplies 7.8MW for Two Power Plants in Hungary

July 5, 2019 Anand Gupta

MUNICH: JinkoSolar Holding Co., Ltd. (the “Company,” or “JinkoSolar”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it has supplied I+D Energias with 7.8MW of solar modules which were installed at two PV power plants in Hungary. The construction of both plants began in November 2018 and […]

Europe & UK

Landis+Gyr secures major contract with E.ON in Sweden

July 4, 2019 Anand Gupta

Landis+Gyr to deliver second wave Swedish smart meter rollout ZUG, Switzerland : Landis+Gyr (Swiss: LAND.SW), a global leader in transforming the way energy is managed, will deliver its Gridstream® Connect solution for one million metering points to E.ON in Sweden. With the contract, E.ON transitions to second generation smart metering technology for excelling customer service […]

Noor Ouarzazate solar complex_copy SENER

Europe & UK

SENER increases its EBITDA by 22.5%

July 3, 2019 Anand Gupta

The engineering group presents its results for 2018, which show an increase in EBITDA of 22.5%, a profit before taxes of 29.2 million euros—27.7% higher than in 2017—and an investment in R&D that remains above 20 million euros. Madrid (Spain): The engineering group SENER has published its Annual Report, which details the key facts regarding […]