News

Germany’s Tion Renewables AG announced today that it has acquired a 26-MW solar park domestically from the local developer Sunovis.The financial details of the deal were not revealed, marking Tion’s 15th solar park acquisition in Germany. This follows its recent agreement to buy a 50-MW photovoltaic (PV) farm in Almeria, Spain from the Ma...

Copenhagen Infrastructure Partners (CIP) has partnered with the German renewable energy company Friesen Elektra Green Energy AG (Friesen Elektra) to establish a green hydrogen project in Lower Saxony, targeting a total capacity of up to 800 MW.Today, CIP and Friesen Elektra announced the launch of Project Anker, which will take place in S...

A floating solar plant with a capacity of 20 MWp has been established in Leutenheim, located in the Bas-Rhin region of France. This marks Alsace's first large-scale floating photovoltaic initiative, as announced by the French independent power producer (IPP) Generale du Solaire on Tuesday.The project was realized in collaboration with flo...

The Nordex Group has revealed a considerable rise in its order intake for 2024, increasing by approximately 13% to a total of 8,336 MW with 1,452 wind turbines, compared to 7,358 MW with 1,270 turbines the previous year.In just the fourth quarter of 2024, customers placed orders for 547 wind turbines, up from 420 turbines in Q4/2023, culm...

The European Investment Bank (EIB) and Societe Generale have launched a new initiative that could facilitate investments up to €8 billion aimed at assisting wind energy manufacturers in Europe.The EIB will offer a €500 million counter-guarantee to Societe Generale, which the bank will utilize to establish a portfolio of bank guarantees to...

Octopus Energy's generation division, one of the largest investors in renewable energy in Europe, has taken its most significant step in France by purchasing agrivoltaics developer OX2 France from OX2.This acquisition signifies Octopus' continued expansion in the French market, with plans for 21 projects underway in regions like Nouvelle-...

The year 2024 set a record for onshore wind energy in Germany, with approvals for a total of 2,405 wind turbines generating 14,056MW.In the tenders held by the Federal Network Agency, 1,890 turbines with a combined capacity of 10,996MW were awarded.Both of these figures represent unprecedented levels and indicate a noticeable in...

The US dollar saw a slight decline on Wednesday as caution prevailed before a highly anticipated US consumer prices report, whereas the British pound weakened following a mild inflation release.At 04:45 ET (09:45 GMT), the Dollar Index, which measures the greenback against a basket of six other currencies, was down 0.2% at 108.895, moving...

The Spanish government is currently reviewing a cap on the amount that companies can invest in power grids, according to Energy Minister Sara Aagesen on Wednesday."We are assessing the investment limits for grids as well as transmission and distribution systems," she stated during the Spanish Investors Day event in Madrid."We co...

Copenhagen Infrastructure Partners (CIP) from Denmark, in partnership with German firm Friesen Elektra Green Energy, has launched Project Anker, a facility for green hydrogen production located in Sande, Northern Germany.This project is set to have an initial electrolysis capacity of 400 MW, with plans for future expansion to 800 MW. It i...

EnergyPathways, a company focused on energy transition based in England, is progressing its large-scale offshore wind-powered energy storage project in the East Irish Sea toward a final investment decision (FID) later this year. This progress has been bolstered by obtaining a license to operate a block containing the project and selecting a UK cont...

The Abu Dhabi-based future energy firm Masdar, the clean energy company SOCAR Green, and ACWA Power, known for water desalination, have entered into a memorandum of understanding (MoU) to work together on developing 3.5GW offshore wind projects in the Azerbaijan sector of the Caspian Sea.These projects will mark the country’s inaugural of...

The German government's majority ownership of the power company Uniper has attracted interest from potential buyers, such as Abu Dhabi's Taqa and Norway's Equinor.As Germany looks for ways to reduce its stake, Uniper's value could exceed €10 billion ($10.3 billion).Taqa and other interested parties are assessing Uniper while Ger...

South Korea intends to invest a minimum of 21 trillion won (approximately $14.4 billion) by 2025 to enhance its domestic eco-friendly vehicle and battery industries, thereby improving their competitiveness, as stated by the Ministry of Trade, Industry and Energy on January 15.Referred to as "measures to strengthen the competitiveness of e...