Clean Energy Pipeline

Iberdrola has announced plans to more than double its investment in the UK to £24 billion between 2024 and 2028. Iberdrola’s commitment represents a significant increase from its previous plan of £12 billion, and comes ahead of the International Investment Summit in London on 14 October. Through its UK arm, ScottishPower, Iberdrola has already invested £30 billion in the country over the past 15 years, citing the UK’s clear policies and stable regulatory frameworks as key drivers. Following the acquisition of Electricity North West (ENW), the UK has become the Group’s largest investment destination through 2026. Iberdrola Executive Chairman Ignacio Galán, who will join Prime Minister Keir Starmer at the Council of Nations and Regions in Scotland, commented: “After having invested more than £30 billion in the last 15 years, the clear policy direction, stable regulatory frameworks, and overall attractiveness of the UK are leading us to double our investments for 2024-28, reaching up to £24 billion. “This is a vote of confidence in the UK’s clear and stable policies and is a major boost to the economy and the path towards green energy security and Net Zero.” With the UK’s growing power demand and its policies promoting Net Zero, electrification, and industrialisation, Iberdrola’s new plan will focus primarily on upgrading transmission and distribution networks. Two-thirds of the £24 billion investment will be directed towards this, with major projects including the Eastern Green Link 1 subsea superhighway between Scotland and England, and significant upgrades under the RIIO-T3 framework, to be approved in 2025. ScottishPower is also in the final stages of integrating ENW, which serves the north west of England, and continues to advance the construction of its East Anglia 3 offshore wind farm. The company further aims to develop the recently awarded East Anglia 2 offshore wind farm, a £4 billion project expected to power 1 million homes. New investments will also target onshore wind, solar PV, and battery storage projects. #cleanenergy

AMPYR Solar Europe and the Echt-Susteren Energy Cooperative have completed the 13.2 MWp Groensebos solar park in the Netherlands. The Groensebos solar park is located in village of Maria Hoop, part of the Echt-Susteren municipality, and features 23,000 solar panels, which will be capable of providing clean power to 3,960 homes per annum, while displacing about 5,300 tonnes of carbon emissions annually. AMPYR Solar Europe and the Echt-Susteren Energy Cooperative both own a 50% stake in the solar project. “The Netherlands is an important country for AMPYR Solar Europe, and the Groensebos project marks the latest step in turning our significant pipeline into reality,” said Tarun Agrawal, CEO of AMPYR Solar Europe. “Following the completion of the Hoeve de Ruif solar park last year, we are pleased to commission our second project in the Echt-Susteren municipality. “By working in partnership with the Echt-Susteren Energy Cooperative, we developed a renewable energy asset that not only provides clean power to the local community, but also tests the feasibility of an important agri-PV project. We also ensured that incorporating the local flora, fauna and other vegetation in the vicinity was a key consideration in the final design of the park.” Eric van Kaathoven, Chairman at the Echt-Susteren Energy Cooperative, added: “We are proud to have worked alongside AMPYR Solar Europe on this project, which has resulted in a multifunctional solar park, where sustainable energy generation and a pilot project, placing horticulture under solar panels, work together. “It also showcases the forward-thinking of the Echt-Susteren municipality, which is committed to leading the way in renewable energy generation in the province of Limburg. We are excited about the park providing clean energy for many years to come.” As an agri-PV pilot project, the design also integrates local vegetation, including herb-rich grassland and native plants. AMPYR Solar Europe will also sell the Guarantees of Origin (GoO) generated from the Groensebos solar plant to VW Kraftwerk GmbH as part of a renewable energy agreement. AMPYR Solar Europe currently has a Dutch pipeline exceeding 1 GWp and a European pipeline nearing 8 GWp. #cleanenergy

Enel Colombia has secured Colombian pesos equivalent to a $300 million loan from the European Investment Bank (EIB), in partnership with Enel Group and SACE (Italian Export Credit Agency), to help finance the development of power grids and renewable energy generation in Colombia. The new facility will finance the Guayepo I and II solar PV plants, with a combined capacity of 486 MW, and the upgrade and expansion of the Enel Colombia distribution business, which serves over 3.7 million customers in Bogota, and more energy transition focused initiatives. “The agreement with the EIB and SACE is a virtuous example of synergies between the public and private sector and confirms our sustainability commitment,” said Enel CFO Stefano De Angelis. “This partnership adds further value to our business projects through a development strategy focused on renewables and grids, while contributing to accelerate the energy transition as well as the achievement of Sustainable Development Goals (SDGs), in line with our Group’s Strategic Plan, the Paris Agreement and the UN 2030 Agenda.” “This project, in line with the Global Gateway Investment Agenda, contributes to reducing the infrastructure gap between wealthier and less developed regions of Colombia and increases the participation of renewable energy in the power matrix of the country by incorporating additional solar energy generation capacity,” noted EIB Vice-President Ioannis Tsakiris. “I welcome the opportunity to continue the fruitful cooperation with the Enel Group, which has a longstanding and successful relationship with the EIB and is one of its largest borrowers, and SACE, with whom the EIB also has an extensive relationship in supporting projects inside and outside the European Union.” The loan to Enel Colombia is further backed by a SACE guarantee. The new agreement bolsters an existing collaboration between Enel and SACE in Latin America, which has already resulted in a multi-country, multi-business and multi-currency facility of up to $900 million in Latin America to Enel Group’s subsidiaries in the area. “We are pleased to be part of this high-impact transaction, which testifies to our long-lasting partnership with Enel and the EIB and our strategic vision of long-term growth,” stated Valerio Perinelli, Chief Business Officer at SACE. “Latin America and Colombia represent a significant opportunity for both the energy transition and the Italian technologies that can support it. Our team in Bogotá, where we have inaugurated our office in recent days, will continue to play a vital role for these projects.” #cleanenergy

Ørsted has announced the completion of a 600 MW combined solar and battery energy storage project in Pinal County, near Phoenix, Arizona. “Solar energy paired with battery energy storage will be critical to the reliable delivery of power as the demand for electricity grows,” said David Hardy, Executive Vice President and CEO of Region Americas at Ørsted. “We’re thrilled to have completed our first project in Arizona and added a valuable asset to our US portfolio, which will help meet the growing demand of the state and region with reliable, clean energy.”   Ørsted’s Eleven Mile Solar Center features a 300 MW solar farm and a 300 MW / 1,200MWh BESS. The Eleven Mile Solar Center is set to provide clean power to businesses, homes, and Meta’s planned data centre in Mesa, Arizona.    “The Eleven Mile Solar Center represents a significant investment in southern Arizona and support for our state’s growing energy needs,” noted Arizona Corporate Commissioner Lea Marquez Peterson. “The Eleven Mile project exemplifies how clean energy can help us diversify our resources while ensuring reliability for the local grid.” With Eleven Mile Solar Center now online, Ørsted has 5.6 GW of onshore renewables in operation globally. #cleanenergy

The U.S. International Development Finance Corporation (DFC) has made a $40 million loan commitment to Africa GreenCo. The facility aims to enhance GreenCo’s creditworthiness, providing financial backing for its payment obligations to independent power producers (IPPs), while helping the company establish itself as a reliable energy aggregator and an alternative to financially strained public utilities in countries like Zambia, South Africa, and Namibia. “DFC’s involvement will further enhance our operations and enable us to scale our capacity to provide clean, affordable energy to more people across Southern Africa,” said Pug Bennet, Chief Investment Officer of GreenCo. “With DFC’s facility, GreenCo will be able to access $50 million of Liquidity Buffer Capacity that will back over 350 MW of renewable energy capacity. Together, we can help address the region’s growing demand for energy while supporting global climate goals.” GreenCo’s model involves aggregating renewable energy-generated power and trading it in both national markets and the Southern African Power Pool (SAPP). Erica Koszalka Ehst, DFC’s Vice President of Energy, stated: “DFC is committed to supporting projects that create sustainable and scalable impacts. Our financial support to GreenCo is part of our ongoing effort to help build clean energy economies in Africa and support the region’s transition to a net-zero future.” #cleanenergy

The Net Zero Technology Centre (NZTC) has entered into an exclusive partnership with Emirati-owned company Euro Mechanical as part of plans to expand its global footprint and establish a permanent presence in the UAE. The collaboration aims to leverage the expertise of both organisations to support asset operators and owners in their decarbonisation efforts and adoption of innovative energy solutions. The new partnership marks a key milestone in NZTC’s growing presence in the UAE, following two years of delivering key services such as Technology Due Diligence, Open Innovation Competitions, and Horizon Scanning. Myrtle Dawes, CEO, Net Zero Technology Centre, said: “NZTC is at the forefront of technology development and deployment having screened thousands of technologies and supported hundreds of field trials. This puts us in a unique position to provide technology focused insight and foresight to clients in the UAE who are trying to navigate the complexities of decarbonisation. "Recognising the need for sustainable growth, the UAE has embarked on an ambitious journey towards decarbonisation. To achieve this goal, cost-effective, emerging and ready-to-deploy solutions such as alternative fuels, electrification, waste heat recovery, energy storage systems, carbon capture, storage and utilisation, and hydrogen must be adopted and scaled. Euro Mechanical is the obvious partner of choice for NZTC due to their significant reputation and footprint in the UAE, with a strong commitment to innovation and sustainable energy solutions across a range of industries.” “In recognition of NZTC’s outstanding track record, Euro Mechanical are delighted to form the partnership agreement and support the delivery of NZTC’s value-added services to the UAE,” added Jon Rawding, CEO, Euro Mechanical. “We extend our gratitude to Scottish Development International for facilitating the introduction between NZTC and Euro Mechanical." #cleanenergy

OW Ocean Winds and Mainstream Renewable Power have secured a Transmission Service Agreement (TSA) with Korea Electric Power Corporation (KEPCO) for the KF Wind floating offshore wind project in South Korea. The TSA with KEPCO is to supply 1,125 MW of clean energy to South Korea’s national grid. The agreement covers the 375 MW East Blue Power first phase of the project and the 750 MW KF Wind second phase of the project, with the connection point at KEPCO’s Shinonsan onshore station in Ulsan. Austin Park, Project Director of KF Wind, stated: “This agreement marks a very important milestone in the development of KF Wind and a major step forward towards getting the project ready for construction.” Upon completion, the full Ulsan floating offshore wind farm cluster, including KF Wind, will total around 6 GW of capacity. #cleanenergy

The UK government has approved a new cap and floor scheme aimed at supporting long duration energy storage (LDES) projects and reducing financial risks for developers. The scheme provides revenue support to developers if their earnings fall below a set 'floor' level, ensuring that, even if their income is lower than expected, developers can still meet debt payments. In exchange, if developers earn more than expected, they must share their some or all of their profits above a certain 'cap' level, which has been set up to protect consumers by balancing risk and reward between developers and the public. The Department for Energy Security and Net Zero said the scheme support scheme will ‘boost investor confidence’ and ‘unlock billions in funding for vital projects’ on the path to net zero. “We are wasting no time in unlocking Britain’s vast renewable potential by expanding wind and solar power,” stated Michael Shanks, Energy Minister. “But we also need to increase our ability to store this energy for when the sun isn’t shining, or the wind isn’t blowing. “We’re reversing a legacy that has seen no new long duration storage built for 40 years – and taking steps to unleash private investment in both established and new technologies.” Ofgem will oversee the scheme and manage applications, with two routes in place: one for established technologies and one for newer innovations. Several projects are already in development and a number are expected to be operational by 2030. Beatrice Filkin, Director of Major Projects at Ofgem, noted: “We are pleased to see the government’s publication today on its plans for long duration electricity storage. “Unlocking investment in this important technology is another significant step towards decarbonisation of the the power system.  “We are looking forward to continuing to work closely with government as we take on the role of regulator and investment support scheme delivery body for the sector.” The UK department noted that deploying 20GW of LDES could save the electricity system £24 billion between 2025 and 2050. #cleanenergy

Econergy Renewable Energy Ltd. has successfully connected the Swangate (West Melton) battery energy storage project in Yorkshire to the UK grid. The Swangate project features capacity of 50 MW / 102 MWh and is now supplying electricity to the grid, with phased transmission underway and full operation expected soon. “This represents the first operational energy storage project of Econergy’s 10.6 GWh pipeline of storage projects currently under development,” Ecoenergy said in a statement today. “Econergy is active in the energy storage sector in the UK and Poland and has recently expanded into Italy and Romania, where it is already a key player in the PV sector.” In the UK, Econergy has a pipeline of 26 energy storage projects totalling 6.8 GWh, including 15 co-location projects. The company is also developing 18 solar PV projects with a total capacity of 1.5 GW. Among these, the Dalmarnock storage project (82 MWh) is currently under construction and is expected to be connected in the third quarter of 2025. Econergy plans to start construction on additional energy storage and PV projects in 2024 and 2025. #cleanenergy

Encavis Asset Management AG (Encavis AM), part of Encavis AG, has sold two wind parks in France and one wind park in Germany on behalf of an institutional investor with a combined capacity of 48 MW. Encavise sold the wind farms to local buyers in each respective market. “To make a sale like this a success, you need experience and expertise in managing infrastructure portfolios,” said Karsten Mieth, CEO of Encavis AM. “Our asset management truly excels, especially in tough market conditions, handling complex international tenders, and balancing the diverse interests of European investors for our clients.” #cleanenergy