Nova Clean Energy’s Post

Nova Clean Energy has bought the 1GW HyFuels portfolio of mid-to-late-stage wind and solar projects in Texas, as well as an early-stage green ammonia project, from BNB Renewable Energy, LLC. The portfolio includes projects on the Texas Gulf Coast in an area of around 25,000 acres. The first phase is due to be commissioned in 2026. BNB Renewable Energy has developed wind and solar projects in the US and Mexico for industrial clients for 20 years, and has had a development services agreement with Nova since late 2020. They have partnered on HyFuels since mid-2023. Ben Pratt (pictured left), president of Nova Clean Energy, said: “The Texas grid is going to continue to need a variety of power sources to serve its fast-growing demand. Wind paired with solar provides a generation profile that industrial as well as utility customers increasingly want to see.” Jos Nicholas (pictured right), chief executive of BNB, said: "A lot of important stakeholders have come together to help us get to this point... Together, we and Nova look forward to working with and learning from this community in Calhoun and Victoria counties in order to bring low-cost electricity and green ammonia to this amazingly productive part of Texas and our nation’s economy.”   Nova was formed in 2022 and has a 5GW portfolio of wind, solar and battery storage projects in eight US states. https://lnkd.in/eF48UPEk #investment #windenergy #solarpower #greenammonia

Cap and floor to attract investment in renewable energy storage. Scottish Renewables #EnergyStorage #RenewableEnergy #PumpedStorageHydro #LDES #CleanEnergy #CapAndFloor #DESNZ #Ofgem #SustainableEnergy #EnergyTransition #GreenEconomy #ScotlandRenewables #NetZero #EnergySecurity

Nova Clean Energy Completes Acquisition of 1 Gigawatt Wind and Solar Development Portfolio from BNB Renewables Nova Clean Energy has acquired HyFuels, comprising a portfolio of over 1 gigawatt in mid-to-late-stage wind and solar development projects, along with an early-stage green ammonia project. Positioned in Texas Gulf Coast, HyFuels is strategically located to support the petrochemical sector, reaffirming Texas’s position as a frontrunner in this industry. HyFuels, spanning approximately 25,000 acres, boasts an equal distribution of wind and solar power sources, ensuring a consistent and reliable stream of local clean energy. Anticipated to commence Full Notice to Proceed (NTP) in 2025, with Commercial Operations expected by 2026, the project’s initial phase is poised for significant progress. […] Read the full story here: https://lnkd.in/dpu8imtN #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #america #hyfuels #northamerica #novacleanenergy #renewableenergy #renewableenergy #solarenergy #unitedstates

The integration of large amounts of renewable energy into our grid demands flexibility and reliability. The work that Ventia does every day plays an integral part in delivering on this challenge. Read about our expanding renewables offering here: https://lnkd.in/gEWeiazj #solar #renewables #energytransition

Octopus Energy Generation has acquired the 122 MW Schiebsdorf solar farm in Brandenburg and the 20.8 MW Hartungshof solar farm in Saarland, Germany. “We’ve reached a major milestone with these investments – they are not only our first move into solar in Germany, but Schiebsdorf will also become the largest solar farm in our European generation portfolio,” said Zoisa North-Bond, CEO of Octopus Energy Generation. “Solar farms like these are bringing cheaper, greener energy to more people. And we’re geared up to rapidly scale our renewables investments in the coming years to further amplify Germany’s green energy revolution.” Together, the two solar projects will be capable of generating the equivalent power for 55,000 German homes per annum. The Hartungshof solar farm came online in March 2023, while the Schiebsdorf solar project is currently under construction and slated to come online later this year. The solar farms were acquired by the Sky (ORI SCsp) fund which is managed by Octopus Energy Generation. The two solar deals represent the latest efforts from the Octopus to direct €1 billion of investment into green energy infrastructure in Germany by 2027, aligning with the German government’s target to secure 80% of its electricity from renewables by 2030.  Octopus entered the German renewables sector 18 months ago and has since backed four onshore wind farms and taken a stake in the Butendiek offshore wind farm, with ‘several more projects across solar, onshore wind, offshore wind and storage already in the pipeline’. #cleanenergy

Exciting follow-up news for the Spanish and Italian #renewables landscape ☀ It's been around seven months since #renantis and #ventient energy have made public the plan to merge with the ambitious goal of creating a new independent power producer (#IPP) with an estimated #pipeline of 18 GW.  The expansion of a homeland-based company such as Renantis makes me proud of the progress my Country is making in the area of renewable energy. And the merge is finally about to take place officially. Led by CEO Toni Volpe, the international projects will vary from #photovoltaic energy, #wind on and floating #offshore, #energystorage, to #greenhydrogen ones. Personally, I am very excited to see how this will evolve in light of new international job opportunities and, of course, one more step towards safeguarding our environment. See the article below:

At the EUAA National Conference held over the last couple of days, one of the issues discussed was how will the renewable energy industry (that is set to provide 80% of our power by 2030), deliver a product to energy users that is fit for purpose. In other words, delivering a product that fits the demand profile of large commercial and industrial energy users. Therefore, it is pleasing to see companies like NEOEN committing to do more of just that, firmed renewable energy. I know there are others who are beginning to lean into this and it is challenging but it's what needs to happen.

OMV Petrom Acquisition of 710 MW PV Projects from Jantzen Renewables Finalized OMV Petrom, the largest integrated energy producer in Southeastern Europe, closed the acquisition of several #photovoltaic projects from the Danish company Jantzen Renewables ApS. The projects are to be developed in Teleorman County and are now at the ‘ready-to-build’ stage. The installed power of these photovoltaic parks will be ~710 MW, being among the most important projects of this type and development stage in Southeastern Europe. “This acquisition marks a key step forward in OMV Petrom’s firm commitment to develop a portfolio of around 2.5 GW of installed renewable energy capacity by 2030, capitalizing on strategic partnerships. We want to meet the increase in demand for green energy and remain a reliable partner for our customers, also contributing to the security of Romania’s energy supply. Our next step is to identify the right partners with whom to build these projects,” Franck Neel, member of the OMV Petrom Executive Board, responsible for Gas and Power, stated.

Big news in the renewable energy sector! 🌿💡🌍 Masdar has just announced an impressive move with a €3.2bn acquisition of Terna Energy. This makes it one of the biggest deals in European renewables to date. This strategic acquisition is a true game-changer, marking Masdar's commitment to expanding its green energy influence across Europe. Terna Energy, holding a significant portfolio of wind, solar, and hydro assets, aligns perfectly with Masdar's sustainable vision. 🌬️☀️💧 Are you excited about the future of renewable energy in Europe? This deal could be the spark that accelerates the green transition even further. 👇 How do you see this impacting the industry in the long run? Share your thoughts! #RenewableEnergy #GreenInvestment #SustainableFuture

More global renewable energy companies expending to Australia due to the great potential here. Seems as though it is down to the same reason I moved over☀ There is a lot going on in the renewables space at the moment #renewables #renewableenergy #solarenergy #solarfarm