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Nala Renewables (Nala), a global power and renewable energy investment and development platform, recently announced the acquisition of a 34MWp operational solar photovoltaic (PV) portfolio from renewable energy group Green Genius. Furthermore, Nala signed an agreement with Green Genius to acquire an additional 45MWp of PV projects in the near future, increasing the total portfolio size to 79MWp. All projects are located in Lithuania, underscoring Nala’s strategic expansion into Central and Eastern Europe. With a generation of around 96,000MWh of clean energy per year from the full 79MWp portfolio, Nala will make an important contribution to the UN Sustainable Development Goals, saving an estimated 20k tonnes of CO2 equivalent emissions per year. DNV is proud to have acted as technical advisor to Nala with the technical due diligence, construction monitoring and completion report for the 34MWh acquisition, while still providing full technical assurance in the construction phase until handover of the additional 45MWp. Rémy VEROT Calum Adamson Eren Ulusoy Haseeb Tahir Olha Zaiats Georgios Kefalas Martijn Maandag Marek Roszak Read more here: https://dnv.social/5yF

Fancy a bit of #TravelTuesday? Well, you’re in luck! This Tuesday, we’re travelling to Finland. 🛩 🇫🇮 Fotowatio Renewable Ventures (FRV) has announced its entry into the Finnish photovoltaic (PV) market with local operator Will & Must. Both parties have established a framework development agreement with the objective of developing 600 MW of PV projects up to the ‘ready-to-build’ phase. FRV’s arrival in Finland marks the company’s first foray into a Nordic country, which in this case coincides with Will & Must’s plans to reach 1000 ha. of land dedicated to solar ready for deployment by 2027. The 600 MW figure, meanwhile, corresponds to a pipeline of several projects at different stages of planning, which are expected to enter the ‘ready-to-build’ phase between 2024 and 2026. Read the rest of this press release here: https://lnkd.in/ez7xwqq3 Keep up to date with every regional development by registering for a free trial of Energy Global here: https://bit.ly/3NwDhus #traveltuesday  #EG #renewables #energy #sustainable #solar #Finland

Sonnedix has acquired a 49 MW portfolio of solar PV plants that are operating in Portugal from Cubico Sustainable Investments. Sonnedix welcomed the deal as its first acquisition of operational assets in Portugal. “This operational acquisition represents a step change in Sonnedix’s activity in the Portuguese market to date, delivering immediate operational capacity and secure, visible revenues via the feed in tariff scheme,” said Mario Volpe, Sonnedix’s Head of Growth for Southern Europe. “It supports our ongoing strategy in Portugal, where the focus is on converting our significant pipeline and continuing to grow our portfolio of high-quality renewable energy assets in order to deliver green, flexible, and secure energy to the grid.” There are four solar PV plants in the Portuguese solar portfolio that were brought online between 2012 and 2014, which are located in the southern regions of Evora, Setubal and Faro. According to Sonnedix, the whole portfolio is backed by the Portuguese government through a feed-in-tariff scheme, which provides long-term revenue certainty and mitigates risk by protecting Sonnedix against price volatility. “Portugal is an attractive market for renewable energy providers with its regulatory framework setting a stable investment signal,” commented Axel Thiemann, CEO of Sonnedix. “Through our existing projects in Iberia, Sonnedix is well-placed to leverage and capitalise on synergies to continue its growth journey in the region, helping us become a true leader in the Portuguese renewables market.” Sonnedix entered the Portuguese market in late 2022 and currently has a renewables portfolio that includes 172.7MW under construction, 51.5 MW in the development pipeline of 51.5 MW, and the newly-acquired operational assets. #cleanenergy

CEE Group Expands Renewable Energy Portfolio with 102.5 MWp PV Project in Murcia, Spain, Through CEE RF8 Fund The CEE Group, a Hamburg-based asset manager specializing in renewable energies, has acquired a PV project in San Pedro del Pinatar, located in the Region of Murcia, southern Spain. This acquisition is part of the newly launched CEE Renewable Fund 8 (CEE RF8). The solar park, which has a total peak capacity of 102.5 MWp, is currently under construction and is scheduled to be connected to the grid in the second half of 2025. The seller and EPC contractor is a European corporation with extensive experience in developing, constructing, and operating renewable energy facilities. Previously, in 2021, the CEE Group […] Read the full story here: https://lnkd.in/dUjRjRfN #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #ceegroup #europe #ppa #pvproject #renewableenergy #spain

🔋DTEK expands renewable energy portfolio in Romania DTEK. DTEK’s EU renewables arm DRI is building a new 60MW solar park in Mureș County, Romania. This marks DRI's fourth renewable energy project in the country, growing its total renewable capacity in Romania to 299MW. The Glodeni II solar park will be co-located with DRI's existing 53MW Glodeni I solar farm, creating one of the largest solar complexes in Romania. DRI also operates a 60MW wind farm and recently acquired a 126MW solar project in the country. "Glodeni II is another step in DRI's plan to reach 1GW of renewables in Romania by 2030," said DRI CEO John Stuart. The new project will power over 22,400 homes and avoid 21,800 tonnes of CO2 annually. Read more: https://lnkd.in/ebmsgkr9 #renewables

🔋 Iberdrola Renewables is set to deploy six co-located Battery Energy Storage Systems (BESS) totalling an impressive 300MWh in Spain, showcasing the substantial growth in the energy storage market. 🚀💡 This strategic move by Iberdrola Renewables highlights the increasing importance of energy storage solutions in enhancing grid reliability and supporting the integration of renewable energy sources. Spain continues to emerge as a frontrunner in fostering a sustainable energy future, and investments of this scale are further signs of to the commitment to developing a greener future. Read more about Iberdrola Renewables's monumental investment here: https://lnkd.in/eFM_9J74 Solar & Storage Live Barcelona Solar & Storage Live Solar & Storage Live Zürich #EnergyStorage #Iberdrola #Spain #RenewableEnergy #SolarAndStorageLiveBarcelona #Sustainability #Innovation #CleanEnergy  

Orlen Wind 3 has entered into a preliminary agreement with EDP Renewables Polska to acquire PV projects with a combined capacity of 280MWp and a 26MW wind farm in Poland. The wind farm is located in the Province of Łódź, while the solar sites are in the Provinces of Zielona Góra and Poznań. Don't miss the most important daily news about emerging energy innovations, and new fast-growing markets. Subscribe to: 𝐈𝐁𝐂𝐄𝐍𝐓𝐑𝐄 𝐈𝐍𝐒𝐈𝐃𝐄𝐑: https://lnkd.in/geuhTh-M #RenewableEnergy #SolarPower #WindEnergy #EnergyTransition #Poland #CleanEnergy #Sustainability #GreenEnergy https://lnkd.in/g5t9s7i3

Czech company SOLEK HOLDING SE has outlined plans to build the 95.2 MW Leyda solar PV plant in Chile. SOLEK, owned by Zdeněk Sobotka, aims to deploy the new solar PV project over a 120-hectare area in San Antonio, 90km from Santiago de Chile. Once operational in Q4 2024, the Leyda solar project will generate 185 GWh of green energy per annum. The Leyda solar plant will supply power through a 15-year PPA with ENEL Generación Chile (Enel Group). “Chile takes renewable energy seriously; it has great ambitions in this area, thanks to which we are able to build large projects there,” said SOLEK founder and CEO Zdeněk Sobotka. “Leyda is our biggest investment to date. I believe that we will continue to build power plants of this scale. It has been ten years since SOLEK entered Chilean market. Having this experience and trust of the financial investors, we continue investing to renewable energy projects not only in Chile but also in other countries, for example in Colombia, Spain, France, Greece, Romania, and other countries including the Czech Republic.” SOLEK said construction of the Chilean portfolio was financed in partnership with international banks BNP Paribas and Natixis Investment Managers. BlackRock Debt Fund also provided a mezzanine financing. SOLEK operates nearly 40 photovoltaic power plants in Chile with a total capacity of over 250 MW. By the end of 2023, the entire SOLEK Group had 486 MW of solar power plants connected or under construction. SOLEK Group welcomed a business delegation of the Czech Minister of Industry and Trade, Jozef Sikela, at the site of the Leyda in Chile. “With the rapid growth of renewables, the demands on the energy grid are increasing,” commented Síkela. “It is one of the challenges in the process of modernisation of the energy sector. “Chile is already addressing these challenges and can be an inspiration for us in this respect. It has solved many issues, which also await the Czech Republic in terms of transformation of our energy sector. I am glad that we can share the experience with colleagues from Chile.” #cleanenergy

panish utility Iberdrola has planned to invest €15.5 billion (US$17 billion) in renewables by 2026 and commission 6GW of solar PV and onshore wind by 2027. Over half of the investment will be in offshore wind, and all the investment is towards projects already under construction. Despite a bigger investment in offshore wind compared with solar PV, the company partnered last year with Spanish module manufacturer Exiom to build a module assembly plant in the northern Spanish region of Asturias. With an annual nameplate capacity of 500MW, the plant is expected to be operational in Spring and will focus on tunnel oxide passivated contact (TOPCon) modules. Moreover, the Spanish utility recently signed a strategic collaboration agreement with industrial waste management company FCC Ámbito to promote the industrial-scale recycling of solar PV panels.

Saudi-owned Fotowatio Renewable Ventures (FRV) has switched on its solar/battery hybrid project in Dalby, Queensland, and one of the first true “hybrid” projects in Australia. FRV first proposed the 2.45 megawatt (MW) solar farm and 2.54 MW/5MWh battery in 2021, taking advantage of a proposed rule change at the time which allowed different renewable energy generators and batteries to share a grid connection point. Before the changes, it wasn’t possible to build renewables projects in stages or to share dedicated connection assets between projects or stages. #RenewableEnergy #CleanEnergy #Sustainability #GreenEnergy #SolarPower #WindEnergy #ClimateAction #EnergyEfficiency #Renewables #GreenTech