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MPC Capital AG has commissioned the Monte Plata II solar park in the Dominican Republic by adding 43 MW of capacity to the existing Monte Plata solar park. As a result, Monte Plata II solar park’s total operational capacity has reached 76 MW. The expansion of the solar project was funded through MPC Capital’s MPC Caribbean Clean Energy fund, with a total investment of approximately $45 million and financing from undisclosed development finance institutions. “Bringing Monte Plata II from the early development stages to operation highlights our expertise and extensive network in the Latin American market,” said Constantin S. Baack, CEO of MPC Capital. “We have built a strong track record across the entire value chain, including development, financing, as well as contracting long-term cash flows through the structuring of PPAs. We are dedicated to leverage this experience as we expand into the European energy market.” Monte Plata II is expected to generate 67 GWh of clean energy annually, reducing CO2 emissions by an estimated 45,000 tons per year. The solar project has secured a 15-year PPA with a utility off-taker. #cleanenergy

German company Encavis AG has acquired two solar projects in Andalucia, Spain. Encavis’ expanded Spanish solar portfolio now includes the 109 MW Lirios solar park, which was acquired from BayWa r.e. EMEA, as well as the 30 MW La Florida Hive solar park that was developed by Hive Energy. “We have seized the excellent opportunity to further expand our Spanish solar park portfolio on a massive scale,” said Mario Schirru, CIO/COO of Encavis AG. “With the additional 1 terawatt hour of electricity purchased in 2023, Encavis has not only far exceeded its expansion target for 2023 but has also specifically acquired projects in one of our focus markets that can be quickly connected to the grid.” Lirios is currently under construction and slated to come online in Q4 2025, while La Florida will be connected to the grid in H2 2025. Hive Energy also developed the Guillena solar project in Andalucia that was acquired by Encavis in 2022 and is set to become operational in Q3 2024. Encavis acquired about 550 MW of new generation capacity in 2023, including a mix a solar and wind projects that correspond to an annual electricity production of 1,000 GWh. Encavis said it far surpassed its original target of acquiring an additional 750 GWh by a third, or more than 33 percent. #cleanenergy

Scatec ASA has signed a deal to sell a stake in the the Kalkbult, Linde, and Dreunberg solar power plants in South Africa for a gross consideration ZAR921 million ($50 million). Scatec will sell part of its ownership stake in the South African solar plants to Greenstreet 1 Proprietary Ltd., a subsidiary of STANLIB Infrastructure Fund II, managed by STANLIB Asset Management Proprietary Ltd. Scatec currently holds an economic interest of approximately 46% in the Kalkbult and 44% in the Linde and Dreunberg solar power plants. The transaction will be conducted through a two-step process, whereby Scatec will sell down to approximately 13% in Kalkbult and 12% in Linde and Dreunberg. The three solar projects came online in 2014, have a combined capacity of 190 MW, and are underpinned by 20-year PPAs with Eskom Holdings SOC Ltd. “This transaction signifies continued implementation of our strategy to recycle capital into new investments in renewable energy,” said Scatec CEO Terje Pilskog. “We are very pleased to secure a value accretive transaction and are confident that STANLIB, who has been invested in the assets since inception, will be a solid majority owner of the asset going forward." Pilskog added: “Having been in South Africa for over a decade, we have grown into a leading renewable energy player in the country. South Africa will continue to remain a core growth market for us, and we will continue to build scale through new investments, including the Grootfontein solar projects under construction, the Mogobe battery storage project, and through Lyra Energy, our private sector focused vehicle.” Scatec added it will continue to provide Operations & Maintenance and Asset Management services to the three facilities, which were won under Rounds 1 and 2 of South Africa’s REIPPP Programme. The first part of the deal is expected to close in H2 2024, followed by the second phase in H1 2025. #cleanenergy

Construction is starting on one of our biggest batteries ever. Quinbrook Infrastructure Partners' ‘supernode’ in Brendale will combine renewable energy storage with a globally connected data centre, creating good jobs for Queenslanders. It’s being built right next to one of our largest publicly owned substations. That makes it the perfect location to store excess power from Queensland’s record uptake of rooftop solar. Quinbrook are kicking off the build on stage one, a 250MW/2hr Battery Energy Storage System – the biggest in the state. Eventually the Supernode will be a $2.5 billion integrated data centre powered by renewables and battery storage. It’s even more investment in cheaper renewables and digital capacity to help our local industries grow. That's what our Energy and Jobs Plan is all about. Mayor Peter Flannery City of Moreton Bay Nikki Boyd Mick de Brenni #renewables #energy #battery #datacentre

Valta Energy, a leader in solar project financing since 2009, faced challenges with inefficient document management and complex deal-making. They turned to DealRoom, seeking to streamline their M&A processes and improve collaboration. How did it impact their efficiency and standing in the renewable energy sector? Check out the image below for an in-depth look at their journey and the lessons learned. #MAScience #MergersAndAcquisitions #DealRoom #CaseStudy #DueDiligence

Keppel MET Renewables strengthens its #solarportfolio with the #acquisition of two #photovoltaicprojects in Northern Italy, totalling 20 MWp of installed capacity. L’article Keppel MET Renewables acquires two photovoltaic projects in Northern Italy est apparu en premier sur energynews.

In the rapidly growing solar industry, ensuring that photovoltaic (PV) systems operate at peak performance is essential for maximizing energy output and ROI. Effective Operation and Maintenance (O&M) are not just about fixing problems as they arise.   Top Global PV Operation and Maintenance Industry Players: SMA Solar Technology AG SolarEdge Technologies Canadian Solar Inc. Enphase Energy ENGIE North America Inc. BayWa r.e. Global Enel Green Power BELECTRIC GmbH ACCIONA Natura Eco Energy Pvt. Ltd. Anesco Ltd TATA POWER SOLAR pvt ltd SunPower Corporation   Know More @ https://lnkd.in/ddBfA3pd   #pvoperationandmaintenance #solarpv #solarenergy #renewableenergy #pvmaintenance #solarplant #pvsystem #solarpower #energyefficiency #sustainableenergy #cleanenergy #greenenergy #climatechange #solarindustry #energytransition #pv #operation #maintenance #solarpvoperation #solarpvmaintenance #startup #metastatinsight

NextEnergy Solar Fund (NESF) the listed FTSE 250 investment company managed by NextEnergy Capital has officially reached over 1GW of installed net capacity, becoming the first solar plus fund in the sector to achieve this milestone!   NESF's maiden standalone 50MW energy storage asset, named Camilla, has successfully begun commercial operations, increasing NESF’s total installed net capacity to 1,014MW.    Michael Bonte-Friedheim, NextEnergy Group's Founding Partner and CEO, commented:   “I’m delighted to confirm that Camilla’s energisation increases NESF’s total installed net capacity to over 1GW, alongside the recent energisation of NESF’s first two international solar co-investments. "Expanding into energy storage complements NESF’s existing large portfolio of solar assets on a standalone and co-located basis and provides multiple diversification benefits for shareholders.” Dario Hernandez, Head of Energy Storage, and Stephen Rosser, Investment Director and UK Legal Counsel marked the accomplishment at NextEnergy Group's London office.   Find more details through the link: https://lnkd.in/egDTnwMX   | #energystorage | #energytransition | #milestone | #nextisnow | #nationalgrid | #solarenergy | #batterystorage | #cleanenergyfuture |

☀️ JERA Nex Expands into U.S. Solar Market JERA Nex, the energy giant, is making its first major move into the U.S. solar market with a significant investment in 395 MW of solar farms. This bold step aligns with their global renewable energy strategy and marks a key milestone in their commitment to a sustainable future. Learn more about this exciting development read more below 🌍 #SolarEnergy #Renewables #Sustainability #CleanEnergy #EnergyTransition #SolarPower #USMarket #RenewableEnergy #GreenEnergy

Capital Dynamics has fully acquired six solar PV projects in Spain, all of which are underpinned by pay-as-produced PPAs with an S&P 500 company. The first set of projects involves three solar projects totalling 157 MWp that are under construction in Andalucía and are expected to be completed by the end of 2024. The second set of solar projects totals 160 MWp and includes three fully consented, construction-ready solar PV assets in the Aragon province. Capital Dynamics said these projects have obtained the necessary environmental and planning permissions, and are slated to come online in H2 2025. “These acquisitions represent a significant addition to our portfolio from our exclusive pipeline of proprietary deals in Spain,” stated Dario Bertagna, Co-Head of Capital Dynamics Clean Energy. “Spain continues to be a prime market for our investment strategy, and we expect to deploy substantial capital in the region. Spain’s robust PPA market enables us to mitigate risk and enhance asset returns. With increasing government support and the anticipated stabilisation of rates across Europe, the upcoming year is crucial for creating value for our investors and contributing to a more sustainable future.” Capital Dynamics currently owns and operates almost 2 GW of subsidy-free clean energy assets. Baker McKenzie acted as legal adviser to Capital Dynamics on both acquisition processes, with Everoze and Enertis Applus+ serving as lead technical advisors. #cleanenergy