Sashika Liyanage’s Post

🚀 Sumitomo Invests in German Engineering Big news in the world of renewable energy! 📢 Sumitomo Corporation has announced a strategic investment in EEW Offshore Wind, a renowned German manufacturer of monopiles for offshore wind turbines. Sumitomo, highlighting EEW's advanced technology and high-quality welding capabilities, sees this partnership as crucial. EEW, a leading supplier, has long been at the forefront of this industry. This investment is aimed at overcoming bottlenecks in the European offshore wind power sector by ensuring a stable supply of monopiles. This move not only strengthens Sumitomo's position in the renewable energy market but also underscores the growing importance of sustainable energy solutions. Let's discuss: How do you think this investment will impact the European offshore wind industry? Leave your thoughts below! 👇 #RenewableEnergy #WindPower #SustainableFuture

Big news in renewables! 🌍 Invenergy and Honda Motor Co Ltd have signed a major VPPA for the 63 MW Rusutsu Wind project in Japan. This wind farm will offset 64,000 tonnes of carbon annually. 🌟 A significant step towards a greener future! This builds on Invenergy's previous 200 MW deal with another Honda company in North America, related to the Samson Solar Energy Center, one of the largest in the western hemisphere. Besides clean energy, it will bring over $27 million in taxes and contributions to Lamar County and local schools in Texas. Such projects show the trend of major corporations committing to sustainable energy. Invenergy and Honda are setting a strong example. #RenewableEnergy #Sustainability #GreenFuture

At JLR, increasing energy from renewables and optimising our energy use is integral to improving efficiency across our entire global operations.   That's why we have delivered 53 energy efficiency projects in the last year and have many more in progress. And it's why we have set an ambitious global renewables strategy, which aims to increase self-generated energy to 36.4% of our global consumption by 2030. We have tailored the plan to include a range of solutions in order to maximise the unique qualities of our 31 global sites, and as part of that, self-generated energy capability from solar will be boosted by 16%.   I am pleased to share that work has now started to deliver the first phase of projects in the UK, which will be capable of producing almost 120 Mega Watts (MW) of renewable energy at their peak - accounting for more than a quarter of JLR’s current UK electricity requirements. This includes new solar at our Halewood plant in Merseyside, the newly named Electric Propulsion Manufacturing Centre (EPMC) in Wolverhampton, and our Gaydon headquarters, which are scheduled for completion by the end of 2026. The steps we're taking support our goal of achieving net zero emissions by 2039 and will propel us strongly in the direction of hitting our mid-term science-based targets along the way. #Reimagine #Sustainability #RenewableEnergy 

SeeNext’s report, “Automotive Industry in Southeast Europe” is out, and it features an interview with Matej Kruspan, Rezolv’s Chief Commercial Officer – see below. 🔽   In it, Matej explains: 📈 The interest we are seeing from the automotive sector in renewable energy power purchase agreements (PPAs). 🏭 Why the energy transition matters just as much to companies in automotive supply chains as it does to the big OEMs. 📝 The benefits available through signing a PPA with Rezolv. You can download the full report (for free) here: https://lnkd.in/dikYUSXt   Many thanks to SeeNext for the opportunity to contribute to the report.   #AutomotiveIndustry #SoutheastEurope #SEE #energytransition #renewables #renewableenergy #PPA

Vattenfall and BASF have partnered with Vestas to supply and service 112 V236-15.0 MW wind turbines for the Nordlicht offshore wind projects in the German North Sea. This agreement focuses on the use of low-emission steel in manufacturing parts of the turbine towers, significantly reducing their carbon footprint. The Nordlicht project, comprising Nordlicht 1 and 2, will feature 68 turbines in Nordlicht 1 and 44 in Nordlicht 2. These V236 turbines, the most powerful on the offshore market, will collectively produce electricity for 1.6 million households from 2028. The top sections of 56 out of the 112 towers will use low-emission steel, reducing the carbon footprint of these sections by 66% compared to conventional steelmaking. This innovative steel is made from 100% recycled steel scrap melted in an electric arc furnace powered entirely by wind energy, demonstrating a significant advancement in eco-friendly manufacturing practices. The Nordlicht project not only represents a significant expansion in offshore wind capacity but also sets a precedent for the use of green steel in large-scale renewable energy projects. By reducing the carbon footprint of the turbine towers, Vattenfall, BASF, and Vestas are leading the way in sustainable wind energy development, contributing to a greener future for the energy industry. #greensteel #climatechange #offshorewind #industrialdecarbonisation #Geneir

🌍 Exploring the Power Purchase Agreement (PPA) Market in Germany Germany’s energy landscape is evolving rapidly, with Power Purchase Agreements (PPAs) playing a pivotal role in driving the transition towards renewable energy. In this carousel, we’ll delve into the key characteristics, opportunities, and challenges shaping the PPA market in Germany. From corporate sustainability goals to regulatory frameworks, discover how PPAs are transforming the way businesses procure energy and contribute to a greener future. #CPPAs #RenewableEnergy #GermanPPAs #EnergyIndustry

Wieland is entering into a partnership with the energy supplier Vattenfall. Together, we are creating the basis for an increasingly climate-neutral energy transition in e-mobility, power and data transmission, as well as heating solutions. The ten-year power purchase agreement will provide investment security, a price guarantee and risk diversification for both parties. Starting in 2025, a solar park in Nauen, Brandenburg, Germany, will provide 46 megawatts of fossil-free, renewable energy for our metalworking processes. Over the entire period, Vattenfall will supply Wieland with around 460 gigawatt hours of electricity, saving approximately 29,000 tons of carbon dioxide emissions annually. "Based on our sustainability strategy, we are consistently driving forward the reduction of emissions. In addition to our own renewable energy production through photovoltaic systems, Wieland has set itself the ambitious goal of using 100 percent renewable energy for its electrified production facilities in the future. Therefore, the energy partnership with Vattenfall represents another important milestone for climate protection and the achievement of our sustainability goals," explains Erwin Mayr, CEO of the Wieland Group. Christine zu Putlitz, responsible for marketing renewable energy at Vattenfall, added, "The demand for fossil-free energy partnerships for our solar and wind power plants has been increasing noticeably. Our energy partnership with Wieland is an example of how entire value chains can be made fossil-free in practice. Because it decarbonizes precisely those metalworking processes that ultimately form the basis for products and services central to the energy transition - including our own." Read the full press release: https://lnkd.in/eQZ-u28S #Wieland #WielandGroup #CreatingValueForGenerations #EnablingSustainability

RWE Supply & Trading and Salzgitter AG have signed a seven-year PPA for up to 64 GWh of clean electricity per annum. The seven-year offtake contract starts in 2027 and will help Salzgitter source renewable power for its steel production processes. RWE will supply power to Salzgitter from the 180 MWp Boitzenburger Land solar park in Brandenburg, which came online in autumn 2023 and is jointly owned by Solarenergie Boitzenburger Land GmbH, the GP JOULE Group, and Mainova AG. RWE noted that the PPA enables the solar park to operate without the need for a feed-in tariff under the Renewable Energy Sources Act. “We are delighted to support our long-standing customer Salzgitter in realising its sustainability strategy,” said David Egyptien, Head of Commodity Solutions Germany & Benelux at RWE Supply & Trading. “The demand for CO2-free electricity from renewable sources is growing strongly. With our energy solutions, we aim to promote climate protection across all economic sectors.” Marco Hauer, Head of Energy Procurement at Salzgitter Flachstahl GmbH, added: “Significant greenhouse gases are still released during conventional steel production. “Therefore, we are advancing the transition to almost CO2-free steel production on a large scale. We are serious about green energy sources. By 2025, half of our electricity requirements will come from non-fossil sources, and by 2030, we aim to use 100% green electricity.” #cleanenergy

🔌 Power Purchase Agreement (PPA): A Key to Renewable Energy Development A Power Purchase Agreement (PPA) is a vital long-term contract between an electricity generator and a buyer, such as a utility, government, or company. Here’s a closer look at how PPAs work: 📅 Duration: PPAs typically span 5 to 20 years, during which the power purchaser buys energy at a pre-negotiated price, ensuring price stability and predictability. 🎯 Purpose: PPAs are crucial in financing independently owned electricity projects, especially in renewable energy sectors like solar and wind. They provide the financial security needed to launch and sustain these projects. 🤝 Buyer and Seller: The seller is usually a special purpose entity that owns the project, enabling non-recourse project financing. The buyer could be a utility, a corporation, or even a building occupant in the case of distributed generation projects. 🔄 Delivery Point: Electricity can be sold directly at the point where the generator connects to the grid (a busbar sale) or at another negotiated delivery point, depending on the agreement’s complexity. 💵 Pricing: The PPA defines the electricity rates, which may be fixed, escalate over time, or follow other negotiated terms, providing financial clarity for both parties. PPAs are instrumental in advancing renewable energy adoption, securing financing for projects, and ensuring a stable and sustainable energy supply. As the world shifts towards cleaner energy, PPAs will continue to play a critical role in the transition. #RenewableEnergy #🔋 #PPA #CleanEnergy #Sustainability #UniversaPulsar #NeuralSolar #EnergyTransition #SolarEnergy #WindEnergy #PowerPurchaseAgreement #GreenHydrogen #Storage #ESS

🌬️ Japan Unleashes Offshore Wind Powerhouse Potential Japan is catalysing a renewable energy transformation, propelled by visionary government policies, cutting-edge tech and surging investor interest in its offshore wind industry. 🏢 Expansive Government Vision: By leveraging on its vast exclusive economic zones for large-scale floating wind projects, Japan is turbocharging development opportunities for offshore wind energy. 🌀 Floating Frontier Unlocked: Japan's pioneering deployment of 8 Hitachi 2.1 MW turbines on floating platforms taps into deeper, higher-quality offshore winds, amplifying renewable energy generation through cutting-edge technology. 💼 Corporate Confidence: The recent successful award of 1.8 GW capacity of offshore wind tenders reflects robust investor appetite and faith in the market's growth trajectory and the country's supportive regulatory environment. 📈 Exponential Growth Prospects: Leveraging on pivotal policies, tech prowess and investor support, Japan's offshore wind industry is poised for meteoric growth, powering global efforts in combating climate change. Sheffield Green's Japanese presence strategically positions us to capitalise on this booming sector's transformative potential. Learn more: https://buff.ly/4a5fPx5 #JapanOffshoreWind #RenewableEnergy #GreenEnergy #SustainableDevelopment #WindPower #CleanEnergy #EnergyTransition #InnovativeTechnology