The total capacity of Clean Energy Projects Acquired in 2023 remained relatively on par with the deals recorded in the previous corresponding year, according to new figures published in Clean Energy Pipeline’s annual data report. Green investors acquired more than 182.6 GW of global renewable energy capacity in 2023, compared with 189 GW of capacity acquired across 2022. Investors have showed a willingness to invest in projects in the Pre-Construction phase and were responsible for 80% of the M&A project deal flow in 2023, totalling 146.7 GW of capacity acquired. By comparison, M&A deals involving projects Under Construction (7.3 GW) captured a 4% share of the market in 2023, while companies that acquired projects already In Operation (28.5 GW) accounted for 15% of the total deals. For more information, please download your copy of Clean Energy Pipeline's Global Market Outlook 2024 report. #cleanenergy
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Q ENERGY has closed the sale of a 73.2 MW portfolio of renewable energy projects in France to Italian company ERG. “We are thrilled to announce the sale of our 73.2 MW portfolio of renewable energy projects to ERG,” stated Joshua Lim, Deputy Managing Director of Q ENERGY France. “This collaboration underscores our shared dedication to driving impactful change in the renewable energy landscape. It also represents a pivotal moment for both organisations, as we collectively accelerate progress towards a more sustainable and environmentally conscious future.” Q Energy’s new portfolio comprises two operational solar PV farms, one in the Gironde area of France and the other in the Pyrénées Orientales, with a combined installed capacity of 20.4 MWp. The portfolio also includes a a 24 MW wind farm in the final phase of commissioning, following a recent repowering in the Aude region. Once fully operational, the portfolio will generate approximately 125 GWh of clean electricity per annum. Q-ENERGY added that the two PV plants in operation and the wind farm, benefit from a tariff regime supported by a 20-year CfD, while the production of the solar project in the Pays de la Loire region, which will enter operation in the second quarter of 2024, is linked to a 15-year PPA signed with a leading French retail company. #cleanenergy
Q ENERGY sells 73.2 MW French renewables portfolio to ERG
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CJR Renewables has been awarded the role of principal contractor for the BESS Tocopilla project, a cutting-edge 136.5 MW / 682.5 MWh Battery Energy Storage System, located within ENGIE‘s Tocopilla Thermal Complex in Chile. This landmark initiative aims to enhance renewable energy storage and utilization in the Antofagasta Region, reinforcing Chile‘s transition to a more sustainable energy landscape. The project will involve comprehensive electrical and assembly works, including the installation of 240 Sungrow Batteries, 30 Transformer Centers, and various high and low voltage infrastructure. CJR Renewables will also oversee the crucial phases of commissioning and the integration of high-voltage equipment into the substation, ensuring the system‘s optimal performance and reliability. By leveraging state-of-the-art technology and expertise, the BESS Tocopilla will play a pivotal role in stabilizing the local grid and providing a reliable energy storage solution, marking a significant step forward in Chile‘s renewable energy journey. #CJRRenewables #BuildingPositiveEnergy #ProudlyCJRRenewables
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The US added 11 GW of new utility-scale clean power capacity in Q2 2024, marking a 91% increase compared previous year’s corresponding period, bringing the total installed capacity for the first half of the year to 19 GW — more than double the five-year average. The findings were highlighted as American Clean Power Association (ACP) released its Clean Power Quarterly Market Report for Q2 2024. The strong quarter brought total installations for the year up to 19 GW, more than doubling the five-year average for the first half of 2024. With the second half of the year typically stronger for clean energy additions, the US renewables industry is on track for a second consecutive record-breaking year in 2024. “Clean energy is answering the call to unleash more American energy, with another record quarter of deployment,” said Jason Grumet, CEO of ACP. “While all clean energy technologies are expanding their market share, energy storage is scaling at a stunning speed and has surpassed 20 GW of operating capacity. With rapidly growing demand and the need to make significant strides in decarbonising our economy, the stakes are high. “Our recent progress is encouraging, but we are not moving fast enough. ACP is committed to working with all stakeholders and policymakers to accelerate progress toward a secure, reliable, and clean energy future.” #cleanenergy
US adds 11 GW of new renewables capacity
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PSO was featured in an article by The Conversation Australia + NZ, highlighting the critical need for workforce growth to meet Australia’s 2030 renewable energy target. With more than 80% of new roles expected to be in renewables, including energy storage jobs overtaking domestic coal and gas, it’s clear that a rapid expansion in skills and training is essential. At PSO, we’re working closely with industry and government to address skill shortages and create stronger training pathways. Read more about the challenges and opportunities in the renewable energy transition in the full article by The Conversation below. #PSO #PoweringSkillsOrganisation #Energy #EnergyAustralia #EnergySector #Electrical #Gas #Renewables #EnergyWorkforce #SkillsDevelopment #SkillsTraining #EnergyTransition #VocationalEducationAndTraining #EnergyPathways #WorkforceDevelopment #TrainingPackages #TrainingProductDevelopment
Our electricity workforce must double to hit the 2030 renewables target. Energy storage jobs will soon overtake those in coal and gas
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India’s renewable energy sector continues to expand, reaching 152.65 GW total #installed capacity. Key gains include 7.62 GW in #solarpower, bringing its cumulative total to 89.43 GW, and 1.31 GW in #windpower. Ministry of New and Renewable Energy (MNRE) Read More - https://lnkd.in/dd3EBkvC #solarenergy #renewableenergy #EnergeticaIndia
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Qualitas Energy Secures Controlling Interest in 65 MW Wind Farm in Eastern Germany Qualitas Energy, an international investment and management platform, has acquired 55 percent stake in the rights of a project for repowering a wind farm in Eastern Germany. Qualitas Energy has purchased the rights from the Danish renewable energy company European Energy. Additionally, both parties have set up a joint development partnership for the repowering of the existing turbines. The goal is to double capacity to over 60 MW, employing modern turbines to power 43,000 households—four times the current reach—while improving efficiency through fewer turbines. Speaking about the development, Johannes Overbeck, Head of Investments of Qualitas Energy Deutschland GmbH, said, “We […] - https://lnkd.in/dAhW5Pbj #windenergy #windturbines #offshorewind #windturbine #cleanenergy #climatechange #sustainability #energynews #smartenergy #windfarm #windindustry #renewableenergy #renewables #europe #germany #qualitasenergy #renewableenergy #windenergy #windfarm #windturbines
Qualitas Energy Secures Controlling Interest in 65 MW Wind Farm in Eastern Germany
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Another key milestone for Telis Energy. Italy gives Telis a significant foothold in one of Europe’s most dynamic PV and Battery Energy Storage markets. ICYMI: Backed by The Carlyle Group Group, Telis seeks to play a significant role in the European energy transition, targeting a 10GW renewable energy pipeline by 2030 delivered through subsidiaries across Europe’s key markets. Telis combines the scale and synergy of an international platform with an emphasis on local knowledge and networks, sector expertise and an entrepreneurial mindset to capture emerging opportunities in solar, and other renewable energy segments. #energytransition #renewableenergy #batterystorage
Telis Energy has launched a new Italian platform to target the deployment of a 3 GW pipeline of battery energy and hybrid renewable projects by 2030. Telis Energy Italy will focus on originating and developing BESS and hybrid renewable projects that will ‘support Italy’s transition away from dependency on imported natural gas’. Telis Energy Italy will be led by industry expert Marco Petrone as the new CEO of the platform. “We are ambitious but confident,” commented Petrone. “Thanks to the experience and network of our team, we already have originated a pipeline of more than 1000 MWh BESS standalone projects and more than 100 MWp of Hybrid projects in specific regions in Italy, after a detailed assessment of the grid and point of connections and an accurate screening of the project’s lands, selected to minimise the projects’ risk.” “Italy has considerable potential and a significant need for energy storage and will play an integral role in Europe’s energy transition,” said Adrien Pinsard, CEO of Telis Energy Group. “Marco comes with a fantastic pedigree and an entrepreneurial mindset- the team has already identified some compelling opportunities and is well-placed to execute.” #cleanenergy
Telis Energy Italy targets 3 GW battery storage and hybrid renewables pipeline
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Genesis Energy Acquires 114 MW Edgecumbe Solar from Helios Genesis Energy's acquisition of the 114 MW Edgecumbe Solar project from Helios Energy advances its strategy to develop 500 MW of solar capacity in New Zealand by 2028, contributing significantly to the nation's renewable energy goals... #australia #EdgecumbeSolar #GenesisEnergy #Oceania #SolarAustralia #SolarOceania
Genesis Energy Acquires 114 MW Edgecumbe Solar from Helios
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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
ReNew pens 2.2 GW of clean energy PPAs
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OEG Energy Group Limited - Launch of New Offshore Service Offering 23 Degrees Renewables, an OEG Renewables company, has launched a new cable pull-in package for export and inter-array cables to offshore structures. 🔽 Find more info in comments below 🔽 #OEGEnergyGroup #23DegreesRenewables #OffshoreRenewables #RenewableEnergy #GreenEnergy ⤵️ Click Follow on our page to keep up to date with energy news ⤵️
OEG Energy Group Limited - Launch of New Offshore Service Offering
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