Nala Renewables

We are delighted to present our first annual Sustainability Report, covering our activities in 2023. This is an important milestone in the Nala journey that gives us a firm foundation upon which to continue to build the business. 2023 was very much about establishing our principles, practices and how our business strategy aligns with the UN Sustainable Development Goals. Our highlights include: - Climate mitigation: Our operational projects produced around 24,000 MWh of zero-carbon-at-source power and we estimate that this served the equivalent of around 2,000 households and avoided around 13,000 tonnes of CO2 equivalent emissions. - People and communities: This is integral to the work we do at Nala, from our internal team to the communities in which we operate. We have introduced policies to ensure our diverse team are supported and undertaken social engagement work at our projects such as in Arica, Chile. Looking to the future, responsible investing principles will remain a core part of our strategy as the ESG landscape becomes progressively complex and stakeholder expectations increase. Sustainability reports, such as this, are important part of how we communicate our approach and achievements to our broad range of stakeholders. You can read the full report here https://lnkd.in/esgcyvim Nik Stone Will Herlinger Rémy VEROT Tola Ogunlesi Julian Johnson #sustainability #renewableenergy #decarbonisation #esg

Incredibly proud of the Nala Renewables finance team for being shortlisted as the Energy & Natural Resources Finance Team of the year in the London and South East Finance Awards 2024. Congratulations Chiara Princi and each and every member of the best finance team in the industry. #L&SEFinanceAwards #LondonFinance #RenewableEnergy #EnergyTransition #Sustainability

Happy to have visited one of our operating projects in #Belgium. This 25MW - 4h duration #BESS asset storing 100MWh and generating c.42,000 MWh supplying c. 2400 #household with #electricity is one of the largest operating #BESS in #Belgium. At Nala Renewables, we firmly believe that we must build flexibility into the system in order to maintain grid stability and guarantee a continuous supply of electricity during the day on the #Belgian #Network. In addition, Nala Renewables conducts regular site visits, safety walks and in depth inspections ensuring that we continuously deliver the highest standards in terms of #HSE and #Operational #Quality. #BESS #Storage #energytransition #decarbonising #Operations #Belgium #Network #Grid

We are thrilled to announce that we have acquired a 99.2 MW onshore wind project from OX2, a leading company in the development and construction of renewable energy solutions active across Europe and Australia. The project is located in eastern-Romania and is expected to start construction during Q3 2024.   The project will consist of 16 Vestas V162-6.2 MW™ wind turbines and is expected to be commissioned during the first half of 2026. It is expected to support Nala's contribution to the UN Sustainable Development Goals by generating around 312 GWh of clean energy per year, representing the energy use of around 51,000 households, as well as saving approximately 150,000 tonnes of CO2 equivalent emissions per year*. The deal reached by Nala with OX2 includes a 12-year PPA with a multinational corporate offtaker, negotiated and structured by both Nala and OX2, providing Nala with material revenue security.   “We are very pleased to sign our first wind project with OX2 with whom we have built a long-term partnership over the past months. This is a flagship transaction for Nala and also demonstrates our ability to secure contracted assets and capitalize on the increasing demand for renewable energy PPA’s from multinational organizations”, said Rémy VEROT, COO of Nala Renewables.   “We would like to thank OX2 for their efforts and co-operation during this transaction and we look forward to working with a suite of world-class partners to bring the project through construction and into operations,” said Panagiotis Bourtsalas, Investment VP at Nala Renewables. For the full press release please visit https://lnkd.in/eQZ_eAqA   William Herlinger Rémy VEROT Tola Ogunlesi  Julian Johnson  Panagiotis Bourtsalas Angus Grant  Catherine Wu  Vasco Bouça Vitorio  Anu Onifade  Calum Adamson  Nedas Matulevicius #sustainability #renewableenergy #decarbonisation

We are delighted to announce Nala’s expansion into Lithuania through our acquisition of 34MWp operational solar PV portfolio from renewable energy group GREEN GENIUS.   In addition, we have signed an agreement with Green Genius for Nala to acquire a further 45MWp of PV projects in the near-term that are expected to increase the total size of the portfolio to 79MWp, and further extending Nala’s presence in CEE and the Baltics.   This will support Nala's contribution to the UN Sustainable Development Goals by generating around 96,000MWh of clean energy per year from the full 79MWp portfolio, representing the energy use of around 9,500 households, as well as saving approximately 20,000 tonnes of CO2 equivalent emissions per year.   For the full press release, please read here: https://lnkd.in/eQEnRpTc William Herlinger Rémy VEROT Tola Ogunlesi Julian Johnson Michael Stevenson, CFA Catherine Wu Eren Ulusoy #sustainability #renewableenergy #decarbonisation

https://lnkd.in/d5S7EBWt We are excited to announce that we have signed an agreement with renewable energy group, Monsson, to acquire a 61 MWp solar PV project located in Western Romania.   This will support Nala's contribution to the UN Sustainable Development Goals by generating around 80,000 MWh of clean energy per year, representing the energy use of around 13,000 households, as well as saving approximately 39,000 tonnes of CO2 equivalent emissions per year!   Monsson William Herlinger Rémy VEROT Tola Ogunlesi Julian Johnson #sustainability #renewableenergy #decarbonising

It was a great couple of days spent with the team of Wayu Energy (Nala Renewables South East Asia focussed platform wherein it owns 80%) based in #Vietnam #HoChiMinhCity who bring in deep domain expertise and passion for #decarbonising the emerging economies of #SouthEastAsia with focus on 2 key markets - #Vietnam and #Philippines as they continue to develop, construct, operate and acquire #renewables assets including ground mounted and #rooftop solar assets. It is exciting to see the progress achieved by Wayu Energy in building the portfolio of operational and under construction assets and in 12 months since inception, Wayu has about 20MW+ construction/operational solar assets in Vietnam. Nala/ Wayu envision this commitment to SEA to grow significantly in the coming 12 months+ by converting our pipeline across Vietnam and Philippines including #C&I and #utility scale solar, #BESS etc.

#EarthDay is a reminder of the importance of taking action to build a sustainable future - now in its 54th year of raising awareness and inspiring change through events, toolkits, and initiatives. The team behind Earthday.org is working with 150,000 partners in over 192 countries to drive positive action for our planet.   Through our battery storage, onshore wind and solar PV projects, like Pueblo Seco in Chile, Nala is helping to reduce carbon emissions and meet the growing demand for clean power. Our 150MW+ of operational and/or in-construction projects in Chile will provide electricity for c.7.982 homes per year and offset 48,100 tonnes of carbon emissions. The Chilean portfolio forms part of the wider ~4GW global Nala portfolio and pipeline. Always Advancing Green Energy. #sustainability #renewableenergy