ULTEUM’s Post

We’ve taken another step forward in the progression of our flagship Swedish onshore wind portfolio. Through a fourth PPA, this time with Procter & Gamble who will offtake most of the output from our 140MW Sörlidberget wind farm, we have now contracted almost 100% of the renewable energy generated by this 553MW cluster.   Securing PPAs is a central part of a long-term, subsidy-free investment strategy, and it’s great to partner with such a key player as Procter & Gamble to drive decarbonisation.    https://lnkd.in/eRj7Exx4  

Ardagh Glass Packaging-Europe (AGP-Europe) has taken a major step towards achieving its sustainability goals. The company has signed a 10-year renewable energy Power Purchase Agreement (PPA) with Renewable Power Capital (RPC) for 100% of the capacity of the newly-built 161MW Vitberget wind project in Sweden. Schneider Electric provided valuable support in the project selection and PPA negotiation. The PPA will offset approximately 40% of AGP-Europe's power load and help to reduce Ardagh's greenhouse gas emissions. This agreement represents a significant move towards achieving Ardagh's 2030 goal of transitioning to 100% renewable electricity and its 2030 Science Based Targets initiative CO2 reduction. #renewableenergy #sustainability #windpower

🌍 Another Corporate Purchase Power Agreement (CPPA) announcement 🤝 Flogas Enterprise has signed an agreement with Slane Irish Whiskey to supply the distillery with renewable electricity from the Cronalaght windfarm in Co. Donegal. This aligns with Slane Irish Whiskey's goal to achieve 100% renewable electricity by 2030, with the CPPA ensuring that 60% of the distillery's energy demand will be met from wind power. This is part of a larger wave of impactful CPPAs transforming the energy landscape in Ireland, with some other noteworthy agreements this year: 🌞 Meta / Highfield: 2 solar PPAs, representing a €180M investment and delivering a robust capacity of 276 MWp. 💨 Amazon / Ørsted: A 16MW onshore wind farm in Northern Ireland. ☀️ Power Capital / Google: A forward-looking 14-year solar PPA contributing 58MW of new renewable energy to the Irish grid, to be built at a cost of c. €50 million. These achievements contribute to Ireland's ambitious Climate Action Plan, targeting 15% of electricity demand to be fulfilled by renewable energy CPPAs by 2030. Moreover, recent planning conditions emphasise the importance of CPPAs for new data centers, ensuring that energy consumed aligns with a commitment to new renewable energy generation. We look forward to seeing more of these deals supporting the growth of renewable energy in Ireland. #StakelumConsultancy #Sustainability #SustainableIreland #Renewables #RenewableEnergy #CorporatePartnerships #PPAs #CPPAs #SolarEnergy #WinderEnergy #ClimateAction #GreenEnergy #FutureOfEnergy https://lnkd.in/etuggcnf

Renewable Power Capital has launched construction work on two onshore wind farms in Sweden totalling 230 MW. RPC’s Storhöjden and Knäsjöberget wind farms are underpinned with two 10-year PPAs with LyondellBasell for the clean electricity produced by projects. Steve Hunter, Managing Director of Power Markets and Asset Management at RPC, said: “We are delighted to announce the start of construction at these two wind farms. This progress, and the fact we have already secured PPAs for the wind farms, is a testament to both the expertise of our team and the strength of our subsidy-free investment strategy. "We have already hit some important milestones this year and are excited to build on this progress, working alongside our partners such as LyondellBasell to develop clean energy capacity.” The two Swedish wind farms form part of RPC’s 553MW cluster of four wind farms in the Kramfors and Sollefteå municipalities. RPC ordered 80 Nordex Group turbines last month for the wind cluster. Delivery and installation of the turbines will start in spring 2025, with the Storhöjden and Knäsjöberget wind farms slated to come online at the beginning of 2026. The two PPAs are expected to generate approximately 720 GWh) of wind power per annum and represent the largest offtake arrangements that LyondellBasell has secured to date. Christopher Cain, Senior Vice President for Net Zero Transition Strategy at LyondellBasell, added: “We are taking decisive steps to reduce our scope 1 and 2 greenhouse gas emissions and power purchase agreements are a critical lever towards meeting our targets. “The projects in Sweden make significant contribution to our renewable energy goal and help us accelerate the development of clean energy.” #cleanenergy

Are you looking to start a renewable energy project in Australia? Securing land tenure for a renewable energy project is a critical step in the renewable energy project lifecycle. With different land tenure structures that can be adopted to deliver a renewable energy project, Stephanie Lambert and Harry Stone look at the benefits and setbacks of four typical leasing structures in the market for Australian renewable energy projects. Click on the link below to read the full article. #DLARealEstate #DLAAustralia #RenewableEnergy

Ardagh secures wind energy deal for European #glass operations Ardagh Group's Glass Packaging-Europe (AGP-Europe) has entered a 10-year renewable energy agreement with a #wind #power project. The #renewableenergy project will supply about 40% of AGP-Europe’s power load and help offset its scope 2 greenhouse gas emissions. It has secured a Power Purchase Agreement (PPA) with Renewable Power Capital’s (RPC) 161MW Vitberget wind project in Sweden. Schneider Electric supported Ardagh in the project selection and PPA negotiation. The PPA is for 100% of #Vitberget’s capacity and is planned to start in 2026 once operations begin. The PPA is an incremental step toward meeting Ardagh’s 2030 goal of transitioning to 100% renewable electricity, as well as a fundamental step toward achieving its 2030 Science Based Targets initiative CO2 reduction. Vitberget is part of RPC’s 553MW cluster of four wind farms in the Kramfors and Sollefteå municipalities. The PPA follows RPC’s announcement early this month that it has ordered 80 Nordex turbines for these wind farms, confirming its commitment to the Swedish wind sector. This PPA, coupled with the recent order of the Nordex turbines, reinforces RPC's dedication to advancing the Swedish land-based wind sector further contributing to the decarbonisation of European industries. Martin Petersson, CEO AGP-Europe, said: “Having recently opened our new NextGen Furnace at AGP in Obernkirchen, #Germany, which could save approximately 45,000 tonnes of carbon annually, the impact of this PPA will be significant. "Not only does it demonstrate our commitment to progressing our sustainability roadmap, but it also shows how we continue to minimise our greenhouse gas emissions.”

Low Carbon has reached commercial operations at the 30 MW Mörknässkogen onshore wind project in Finland. The Mörknässkogen wind farm is located on the west coast of Finland near the city of Vaasa and comprises five Nordex turbines. “Mörknässkogen is our first Finnish wind project to enter operations and is a major milestone for Low Carbon as we look to increase the amount of renewable energy capacity globally,” said Roy Bedlow, Founder and Chief Executive of Low Carbon. “The 10-year PPA with our partners Ecolab underlines our shared vision for a world powered by renewables and provides long-term investment certainty for the project.” The project forms part of Low Carbon’s Finnish pipeline totalling more than 120 MW of onshore wind, which the company says benefits from the region’s abundant wind resource and resultant attractive levelised cost of energy. “We are delighted to see our first wind project come online in Finland,” commented John Isherwood, Managing Director at Low Carbon. “Finland is a leading European market for onshore wind, where this Low Carbon project and others to follow will play a key role in helping the country meet its climate change targets.” The clean power generated from Mörknässkogen will be sold via a 10-year virtual PPA to Ecolab. Emilio Tenuta, Senior Vice President and Chief Sustainability Officer at Ecolab, added: “The Mörknässkogen wind project with Low Carbon has delivered Ecolab a significant win in our electrification journey. With our European operational energy needs now fully covered by this wind farm, we are a significant step closer to our goal of 100% renewable electricity globally by 2030.” #cleanenergy

Bayer AG Signs Renewable Energy Supply Agreement with Wuppertaler Stadtwerke in Germany In a move highlighting its global sustainability commitment, Bayer AG has entered into a long-term supply agreement for renewable energy with Wuppertaler Stadtwerke (WSW), the public utility company of Wuppertal in North Rhein-Westphalia, Germany. Under the agreement, WSW will provide Bayer with over 120 GWh of wind and/or solar power from German wind and solar parks annually, equivalent to the electricity consumption of approximately 30,000 households. This will enable Bayer’s sites in Darmstadt, Weimar, Bitterfeld, Bergkamen, Berlin, and Wuppertal to obtain 100 percent of their purchased electricity from renewable sources. The delivery will be facilitated through Power Purchase Agreements (PPAs), […] Read the full story here: https://lnkd.in/dHBMJWHs #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #middleeast #africa #india #asiapacific #asia #bayerag #europe #germany #ppa #renewableenergy #wsw

2023 proved to be a challenging year for the Australian renewable energy sector with funding slashed as much as 80 % compared to the previous year. No new utility-scale wind farms were approved and progress on offshore wind farms is also facing challenges due to the slow approval process and environmental challenges.

The Clean Energy Finance Corporation has provided an update related to its 2022/23 year, with $1.9 billion in new investment commitments made, including a record $1.2 billion in renewable energy and grid-related projects. According to CEO Ian Learmonth, the $1.2 billion helped bring forward large-scale solar, wind and storage projects with a total transaction value of $5.7 billion, with such investments critical to reaching a national goal of 82 per cent renewable energy by 2030. The period included CEFC investments in “large-scale transformational” projects, including a $100 million commitment to the NSW Waratah Super Battery (claimed to be one of the largest standby network batteries in the world) and a commitment of up to $222.5 million for the 756 megawatt Golden Plains Wind Farm in Victoria. #manufacturing #renewables #renewableenergy Golden Plains Shire Council #australianmanufacturing Department of Climate Change, Energy, the Environment and Water #energy #energynews