Europe PV News Snippets

European Energy Buys 85.8 MW Wind & Solar Assets… & More

Europe PV News Snippets

  • European Energy has acquired 85.8 MW wind and solar power capacity from Vattenfall, in various European markets
  • SUNfarming raises €9.5 million to acquire and construct 20 MW Polish solar portfolio
  • Octopus Hydrogen to install electrolyzers for Innova’s co-located solar and battery storage sites in UK

European Energy purchases 85.8 MW RE: European Energy has acquired 8 wind and solar assets located in Denmark, Germany, the Netherlands and UK from Vattenfall. It comprises 57.8 MW of operational assets and 28 MW of solar projects under development, all of which are scheduled to come online in 2022. European Energy said it will take over day-to-day operations of these assets from Vattenfall. It believes the deal will help European Energy consolidate its position further in Denmark and Germany, and enter the Netherlands and UK. For Vattenfall, this divestment will help it focus on its major windfarms in operation and under construction. It will bring the French company capital to invest in developing onshore wind.

€9.5 million for SUNfarming: SUNfarming has raised €9.5 million as bridge financing to support a 20 MW solar portfolio in Poland. This capital will be invested by the company into acquisition and construction of 23 ready-to-build and tariff secured portfolio of ground mounted solar PV assets, each with capacity of up to 1 MW  each. Construction is expected to start soon since completion date is somewhere in Q1.2022. These projects are approved for 15-year contract for difference (CFD) regime that was auctioned in December 2020. SUNfarming said it is in final purchase negotiations for additional portfolios of similar design and scale. Management said this acquisition takes its existing portfolio to 84 MW as it aims to grow to 200 MW by 2023.

Green hydrogen project in UK: Octopus Hydrogen will install electrolyzers with up to 20 MW capacity across the UK alongside compression and mobile hydrogen storage infrastructure at several of renewable energy company Innova’s co-located solar and battery energy storage sites. The partnership also involves green energy consultancy Novus who together with Innova plans to build 4 GW of solar, wind and battery capacity across the UK over next few years. Hydrogen production facilities of Octopus Hydrogen will be directly connected to the onsite renewable energy generation and produce between 500 kg and 2,500 kg green hydrogen per day. It will be sold to local businesses, the company announced.

About The Author

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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