RheinEnergie has energized its largest solar plant with 19 MW capacity in Germany's Bavaria; ERG is acquiring 34 MW solar in Italy from ABN AMRO; Ingka Investments will purchase 92 MW wind and solar in Poland from OX2; BNZ to build 49 MW solar plant in Portugal.
19 MW solar plant online in Bavaria: German utility RheinEnergie has brought online a 19 MW solar power plant in Bavaria's Hemau, with capacity to supply electricity to around 6,400 households annually. It is the Cologne based company's largest solar PV system to date. It won the project under the innovation tender held under Germany's Renewable Energy Sources Act (EEG). The company now operates 28 ground mounted and rooftop solar PV projects across the country representing 58 MW in total.
ERG to buy 34 MW in Italy: ERG has entered an agreement with ABN AMRO Sustainable Impact Fund to acquire MP Solar BV that owns 18 solar PV systems in Italy. All the projects represent close to 34 MW capacity and are operational since 2011 through 7 Italian special purpose vehicles (SPV). These benefit from the country's Conto Energia (II,III,IV) tariff regime, ERG says. The deal is expected to close in July 2022 and consolidates ERG's presence in the Italian PV market it said.
Ingka acquires more wind and solar projects: Ingka Investments has purchased a ready-to-build (RTB) wind (63 MW) and solar park (29 MW) in Poland from OX2 that has developed both these projects. Both facilities are planned to come online by the end of 2024. The €173 million deal will secure long-term access to renewable energy for IKEA Retail operations and its value chain partners in the country, stated Ingka. "This investment represents another important step for Ingka Investments as it will mean a further reduction of the climate footprint of IKEA Retail including distribution and logistics, and also IKEA value chain partners based around the country," said Managing Director Ingka Investments, Krister Mattsson.
BNZ to build 49 MW solar plant in Portugal: Spanish IPP BNZ has secured authorization to start the construction of its 1st solar power plant in Portugal. The 49 MW project will be located in Ave intermunicipal community and is planned to come online in 2023. It is expected to generate enough clean energy to supply annual electricity needs of around 14,000 people. In Portugal, BNZ aims to install over 400 MW solar capacity by 2024.