CEE Group & Goldbeck Solar have commissioned a 154 MW solar plant in Germany that module supplier Astronergy calls the country's largest operational TOPCon project; Endesa raises €500 million from ICO and EIB to back its solar and wind energy projects; Nordic Solar has secured DKK 2.2 billion flexible credit facility from EIG to grow its portfolio to 2 GW by 2025-end.
CEE & Goldbeck projects: CEE Group and Goldbeck Solar have energized the 154.77 MW Döllen Solar Park in Germany's Brandenburg, calling it one of the largest ground mounted PV plants in the country. Its module supplier China's Astronergy says this is the largest operational TOPCon solar power project in Germany currently for which it supplied Astro N5 high efficiency modules. It is expected to generate close to 160,000 MWh of clean energy annually.
CEE and Goldbeck have also acquired a 103.5 MW solar park from Dutch project developer Ecorus Group. The Fledderbosch Solar Park is located in the province of Groningen in the Netherlands and takes CEE's total solar portfolio in the country to over 350 MW. It is currently under construction and scheduled to come online in February 2024. Ecorus is its EPC service provider. Energy generated is contracted for 15 years by the government under the country's SDE++ support system.
€500 million for Endesa's RE projects: Endesa has raised a total of €500 million from the ICO and European Investment Bank (EIB) to invest in its solar and wind energy projects in Spain. The €300 million ICO loan will support 20 solar PV (2.35 GW) and 8 wind farms (550 MW), complementing the financing granted by the EIB. Endesa said the €200 million EIB loan tranche completes the framework loan approved by the EU bank to support Endesa's renewable energy expansion plan, totaling €700 million. The EIB framework loan will support the development of 16 solar PV (1.5 GW) and 8 wind energy (400 MW) projects in Spain.
DKK 2.2 billion for Nordic Solar: Danish solar energy company Nordic Solar has raised DKK 2.2 billion ($44 million) as a flexible credit facility from US based private equity firm EIG. The capital will enable Nordic Solar to achieve its ambitious growth targets of more than 5-fold, from 358 MW operational capacity now to 2 GW by 2025-end. Nordic said it also expects to double its development portfolio that today adds up to just under 1.8 GW. According to the company, the credit facility will thus help provide the capital resources for investment in new projects at the same time as the current development portfolio of 1.8 GW is being constructed.