Clean Energy Pipeline’s Post

UK energy company Centrica has completed the acquisition of a 16 MW solar farm and a co-located 3 MW battery energy storage system in Dorset, England. Centrica acquired the development rights for the two clean energy projects near Winterborne Whitechurch, which is scheduled to break ground in early 2024, with a view to export first power to the grid in 2025. Once online, Centrica’s new projects will be capable of powering 4,600 homes per annum, while the BES component will be able to deliver two hours of energy. “Solar will play an increasingly important role in the UK as we strive for a net zero energy system,” said Gregory McKenna, BSc, MBA, CDir, FIoD, Managing Director of Centrica Business Solutions. “We’re proud to be leading the charge in delivering a bank of assets across the UK that will help meet the need for clean energy generation and storage.” The new deal also forms part of Centrica’s plan to invest between £600 million to £800 million per annum until 2028 in renewables generation. Centrica recently acquired the 13 MW Roundponds Solar Farm in Wiltshire, which was commissioned in 2015. Sue Peart, Commercial Director of Centrica Energy Assets, added: “As the UK strives towards net zero, on-shore renewable power generation will play an essential role in delivering a secure supply of energy to homes and businesses. “The recent grid reforms announced by Ofgem are welcome news, but to unlock the full potential of renewable energy, we need to go further. This year will be pivotal for the energy industry – boosting capacity and prioritising the transmission network will be central to creating a grid fit for the future, and one that can manage the transition to net zero.” #cleanenergy

Equitix has acquired a portfolio of two hybrid renewable energy projects in Spain. The portfolio includes two operational wind farms, one in Castilla-y-Leon and the other in Castilla-la-Mancha, both with co-located hybrid solar PV developments, and a battery storage project that has received a grant from the Spanish government. The newly acquired solar PV and battery storage assets will be constructed on the same sites as the existing wind farms, which aims to maximise grid capacity usage and leverage the complementary energy generation profiles of wind and solar PV. "This acquisition is a clear demonstration of our commitment to supporting the green transition and further evidence of our ability to deliver our European core fund strategy being ahead of the market by investing in one of the few multi-technologies hybridised projects in Europe," said Achal Bhuwania, CIO at Equitix. "Our experience as a major investor in renewable energy and energy storage, complemented by our dedicated team in Spain was pivotal to our success in originating and completing this deal.” The acquired projects will contribute an additional 226 MW of renewable energy capacity to the national grid and are expected to prevent 92,000 tons of carbon dioxide emissions annually. #cleanenergy

ReNew has signed five PPAs involving 2.2 GW of renewable energy capacity in India. “We are thrilled to announce the signing of these significant PPAs,” said Sumant Sinha, Founder, Chairman and CEO, ReNew. “This achievement reflects our unwavering commitment to India’s renewable energy goals and strengthens our position as a leading green energy provider. These agreements, with a strong counterparty profile, will not only contribute to a cleaner future but also deliver long-term financial benefits for ReNew and its shareholders.” ReNew signed three solar PPAs totaling 800 MW with NTPC Limited, Damodar Valley Corporation (DVC), and Solar Energy Corporation of India Limited (SECI) at a weighted average tariff of INR 2.59 per kWh. ReNew also penned a c.1 GW Firm and Dispatchable Renewable Energy (FDRE) PPA was signed with SJVN LIMITED, at a tariff of INR 4.39 per kWh, in addition to a 438 MW PPA with a large multinational C&I customer. In addition to the PPAs, ReNew has received Letter of Awards for an additional c.5.8 GW of RE capacity. ReNew’s overall portfolio totals 15.6 GW of renewable energy capacity. ReNew’s latest PPAs will see 1.5 GW of solar and 688 MW of wind projects developed and commissioned over the next 24 months. ReNew’s operational capacity currently stands at approximately 9.5 GW. #cleanenergy

In July 2024, Australia saw significant growth in its renewable energy project pipeline, with 6 GW of new battery capacity leading the expansion. Research from Rystad Energy highlighted that 21 new large-scale solar, wind, and energy storage projects were added, totaling 9.6 GW of capacity. While this was less than the 28 GW added in the previous month, the battery storage sector remained robust, contributing over 60% of the new capacity. This surge in battery projects underscores the technology's critical role in Australia's transition to renewable energy, as the country aims to reach its 82% renewable energy target by 2030. Alongside the battery developments, 1.7 GW of new solar PV and 2 GW of onshore wind projects were also announced. Queensland led in new developments with 2.6 GW, including notable solar and battery projects, followed by Victoria and South Australia. British-owned Pacific Green was a key player, advancing two major battery projects in Victoria and South Australia. Despite challenges, investor interest in Australia's renewable energy market remains strong. #EnergyStorage #Australia #OdinGlobal https://lnkd.in/e3seKJ6N

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

Global renewable energy consultancy SgurrEnergy has announced an ambitious target of achieving 200 GW of global capacity by 2028. This significant milestone marks a significant leap from the company’s current capacity of 122.545 GW, showcasing its commitment to accelerating the transition to clean energy. The company’s 2024 has been marked by several key achievements, including a notable focus on energy storage with 6.8 GWh of capacity. India, in particular, has emerged as a key market for SgurrEnergy, with an impressive 14,940 MW of installed capacity. SgurrEnergy’s Director, Arif Aga expressed optimism about the company’s future growth trajectory. “We have consistently pushed the boundaries of innovation in the renewable energy sector, and our commitment to achieving 200 GW by 2028 reflects our dedication to building a sustainable, green energy future,” he said. Read more at : https://lnkd.in/gzrUHJdq #News #RenewableEnergy #Solar #wind SgurrEnergy

AGL Energy has followed suit with Origin Energy to say it will shift from direct investment into renewable energy generation toward decarbonisation targets, favouring alternatives like pumped hydro, gas and batteries. #Renewables #Australia #Solarenergy

Masdar Arlington Energy has broken ground on two new battery energy storage system (BESS) projects in the UK with a combined capacity of 55 MW. Once operational, the Royle Barn Road plant in Rochdale and Welkin Road plant in Stockport will capable of providing power for 25,700 homes. Masdar said the new BESS projects are being developed on previously industrialised sites. The two BESS projects form part of Masdar Arlington Energy’s to develop a 3 GWh pipeline of BESS projects in the UK. “To achieve the global energy transition agreed in the UAE Consensus, we need to utilise world-changing renewable energy sources and technology, including wind, solar and battery energy storage,” said Masdar (Abu Dhabi Future Energy Company) CEO Mohamed Jameel Al Ramahi. “The two BESS plants we are breaking ground on today underline the critical role energy storage will play in helping energy systems and infrastructure in the UK and across the globe to move away from carbon-intensive sources of power.” Husain Al Meer CMgr, CEng MIEM,MIAM, Masdar’s Director of Global Offshore Wind & UK, added: “Grid-level energy storage is critical to the long-term adoption of renewable energy in the grid. “Our £1 billion investment in BESS in the UK highlights Masdar’s commitment to advancing storage solutions to help commercialise clean technologies. Today’s announcement adds to our growing portfolio of BESS projects around the globe with more to come in the future.” #cleanenergy

The Global Renewables Alliance (GRA) is urging the G7 to step up its commitment to renewable energy, despite welcoming some positive developments in the recent G7 communiqué https://lnkd.in/g3WwX53i #RenewableEnergy #News Global Renewables Alliance #G7Summit

Big news in renewable energy! Macquarie Group has just launched Aula Energy, a new Australian-based renewables business with an impressive project pipeline of 4 gigawatts in wind, solar, and storage. Aula Energy aims to develop, build, and operate utility-scale projects across Australia and New Zealand, with an initial portfolio featuring the 372 MW Boulder Creek wind project in Queensland and up to 2.4 GW of onshore wind in Western Australia. Led by industry veteran Chad Hymas, Aula Energy emphasizes a collaborative approach, prioritizing long-term partnerships and sustainable development. Macquarie's Lachlan Creswell highlights the move as a significant step in diversifying and expanding their onshore portfolio in response to the growing demand for renewables. For more details on this exciting venture and its impact on the energy transition, read the full article: https://lnkd.in/gRCiN54R Image source: Engie (Hazelwood battery) #RenewableEnergy #Sustainability #GreenInvestments #SustainableEnergyLaunch #RenewableFuture #CleanEnergyLeadership #SolarPower #GreenEnergy #Energy