Green Genius has secured PLN 175 million for its 66 MW Poland projects; Faurecia will get onsite solar plants in 22 countries from EDP and Engie; Bavaria plans to expand RE generation by 2030; Agrivoltaic research project launched in Germany.
Green Genius gets finance for 66 MW in Poland: Renewable energy developer Green Genius has raised PLN 175 million ($39.5 million) to finance 66 MW solar PV plants in Poland, from Sequoia Investment Management Company Limited. Green Genius says it has developed 128.1 MW solar PV capacity in Poland and plans to complete construction of another 66 MW in early 2023. The company aims for its installed solar power capacity to grow to 242 MW in Poland by mid-2022 (see Polish Solar Company To Expand Polish Solar Portfolio). Earlier, Green Genius said it will install 500 MW solar power capacity in Lithuania by 2025, along with 200 MW wind farms. This 700 MW capacity will represent about 10% of Lithuania's electricity needs, it added.
Faurecia to get solar plants in 22 countries: French automotive technology company Faurecia, part of Forvia Group, has signed power purchase agreements (PPA) with Engie and EDP to install 100 MW solar PV capacity by 2023 onsite for its locations in 22 countries. More than 150 sites will be fitted with solar arrays by the 2 French energy companies. They will sell power generated to Faurecia for 15 years, which will be enough to cover 7% of its global electricity needs as the company targets to become carbon neutral in its industrial operations by 2025. Almost 30% of this total capacity will be installed before the end of 2022. While Engie will establish this capacity in Faurecia's locations in Brazil, the Czech Republic, France, Germany, Hungary, India, Mexico, Morocco, the Netherlands, Poland, Romania, Slovakia, South Africa and the United Kingdom, EDP will bring it online in Portugal, Spain, Italy, the United States, China, South Korea, Japan and Thailand.
Bavaria to double RE generation by 2030: The German state of Bavaria has plans to double renewable energy power generation by 2030 to achieve the federal target of 80% renewable energies in the region's electricity sector, to be driven by wind and solar PV. However, the Bavarian Economics and Energy Minister Hubert Aiwanger said, "Against the background of Russia's attack on Ukraine, a completely new situation has arisen, also with regard to security of supply and Bavaria's future energy supply. On the way to a climate-neutral Bavaria in 2040, it is important to use as much electricity as possible in Bavaria and thus gain greater independence from energy imports." However, he asked for current obstacles to massive and accelerated expansion to be comprehensively dismantled at the federal level. It wants a separate tendering segment for agri-PV under EEG regime. Bavaria has more solar capacity installed than any other German state.
Germany opens agrivoltaic research facility: Baden-Wurttemberg along with the Fraunhofer Institute for Solar Energy Systems (ISE) has opened an agrivoltaic research facility, the 1st of 5 planned agri-PV pilot plants in the region. The 1st one was opened above apple trees at the Obsthof Bernhard in Kressbronn on Lake Constance. Results of the project that will run till 2024 will be examined in detail on pome and berry fruit. The government is providing €2.5 million for the projects over the next 3 years with a combined output of up to 1,700 kW. These will be set up in Bavendorf, Heuchlingen, Karlsruhe, Kressbronn and Oberkirch-Nußbach. Fraunhofer ISE said the overarching goal of the project is to answer open questions about the dual use of land for agriculture and solar power generation.
.png?w=50&fm=png){kind=logo}