Emerald Transformer’s Post

DTEK Group has reached first power for its debut clean energy projects outside of Ukraine, involving one wind and one solar project in Romania. The two Romanian renewable projects form part of DTEK’s plans to 5 GW of installed capacity in the EU by 2030, with Italy, Poland, Romania and Croatia also earmarked for new developments. “Ukrainians have made a clear choice that their future lies inside Europe, and DTEK’s expansion into the EU is living proof of that ambition,” said Maxim Timchenko, CEO of DTEK. “I am exceptionally proud of the teams at Glodeni and Ruginoasa in producing green energy for Romanian consumers. This moment marks is a further step forward in the integration of Europe’s and Ukraine’s energy systems as Ukraine moves towards EU accession.” The 60 MW Ruginoasa wind farm will comprise 10 Vestas V162-6.0 MW turbines in Lasi County, Romania, representing a total investment of €107 million. The 53 MWp Glodeni solar park in Mureș County, Romania, involves a total investment of €43 million. The two Romanian projects are being developed by Netherlands-based DTEK Renewables International (DRI), with construction work beginning last March. At a total cost of €150 million, the two projects will produce approximately 225,000 MWh of clean electricity per annum. Sebastian Burduja, Romanian Minister of Energy, added: “Romania has embarked on building an energy system that is green, affordable, and secure, demonstrating the country’s ambition in this sector, honoring our partnership with the European Union’s Green Deal, and reducing our CO2 emissions long-term. We are delighted to have such important investments and investors in Romania, and we underline once more our key message for all companies in the global energy sector: come on over, Romania is open for business.” DTEK is working with contractors Eximprod Engineering, TRACTEBEL Engineering, and Electromontaj S.A. for the Ruginoasa wind farm, and Ostenweg, Risen, Ideematec, Krone Solar, and EnergoBit for the Glodeni solar park. #cleanenergy

Masdar (Abu Dhabi Future Energy Company) has reached a definitive agreement to acquire an initial 67% stake in Greek company TERNA ENERGY SA from GEK TERNA Group of Companies and other shareholders. Once the deal is complete, Masdar plans to launch an all-cash mandatory tender offer to acquire all the remaining outstanding shares of the company with the intention of reaching 100%. Masdar said the deal and subsequent offer values Terna Energy’s total equity at €2.4 billion, with an enterprise value of €3.2 billion, making it the largest ever transaction on the Athens Stock Exchange. “Today marks a major milestone in Masdar’s strategy to expand its portfolio to 100 GW of clean energy by 2030 and it will make a substantial contribution to the renewable energy capacity of Greece,” said HE Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Chairman of Masdar and COP28 President. Founded in 1997, Terna Energy has a strong history of developing sustainable energy projects and aims to reach 6 GW of renewables operational capacity by 2030 across Greece and Europe. Georgios Peristeris, Chairman and CEO of GEK TERNA, and Executive Chairman of TERNA ENERGY, stated: “Our agreement with Masdar is a recognition of the great value of TERNA ENERGY and the result of the hard work of hundreds of people for more than 25 years. “At the same time, it marks the beginning of a new era of even greater growth for GEK TERNA Group. It is also a strong vote of confidence for Greece and its prospects." Masdar was supported by Rothschild & Co. as sole financial advisor, in addition to Simmons & Simmons, Bernitsas Law, Latham & Watkins as legal advisors on the deal. GEK TERNA Group was also supported by Reed Smith LLP and POTAMITISVEKRIS as international and Greek legal advisors, respectively, in addition to Morgan Stanley as sole financial advisor to TERNA ENERGY. “We are injecting capital and global expertise to accelerate TERNA ENERGY’s expansion, supporting Greece’s renewable energy ambitions and extending Masdar’s global reach,” commented Mohamed Jameel Al Ramahi, CEO of Masdar. #cleanenergy

🌞💨💧 #RenewableEnergy took center stage in Portugal last weekend! The country ran entirely on renewables, showcasing the power of #SustainableEnergy. Between Friday and Monday, Portugal generated a massive 172.5 GWh of electricity from renewable sources, utilizing: 🌀 Wind (97.6 GWh) 💧 Hydro (68.3 GWh) ☀️ PV (Solar - 6.6 GWh) Not only did they meet their domestic electricity demands consuming 131.1 GWh, but they also exported the surplus to neighboring Spain 🇪🇸. This impressive feat was fueled by favorable weather conditions and Portugal's commitment to #CleanEnergy. With an installed capacity of 16,329 MW—thanks to over 7,500 MW from hydro, around 5,500 MW from wind, and approximately 2,536 MW from PV—Portugal is on a clear path to sustainability. The country's recent awarding of 5 GW in grid-connection permits, primarily for PV projects, points to a bright and green future by 2030. 🌱🔋📈 Let’s cheer for #Portugal's green weekend and its steps towards a #ZeroCarbon future! 🎉🇵🇹 Source: https://lnkd.in/eYmR2TYa #GreenEnergy #Sustainability #ClimateAction #EnergyTransition #CleanTech #Renewables #IRENA #PortugalPower #Innovation #EcoFriendly #SolarPower #WindPower #Hydropower #EnvironmentalConservation #FutureIsClean #GoGreen #SustainableDevelopment #EnergySector

First wind power plant of this kind in Azerbaijan...

Spain's Iberdrola pledged to invest nearly 14 billion euros in the #unitedkingdom through 2028. It adds some 8 billion euros to the investment Iberdrola had already pledged in Britain for the period between 2023 and 2025. Two-thirds of that will go to #grids, including more than 3 billion euros for a subsea cable - Eastern Green Link 1 (EGL1) - able to transport enough renewable energy to power two million households. Apart from #networks, Iberdrola will also invest in #renewables: #solar, #wind and #greenhydrogen

The Spanish energy market has seen a surge in investment in renewables 🌞 TotalEnergies and Soltec have obtained construction authorisation for a 200MW project in Murcia, in southern Spain. 🤝 "The Luminora Solar Dos project will enter construction in 2024 and will create more than 2200 jobs, both direct and indirect, during its construction phase, the developers said. The project features 337,174 bifacial photovoltaic modules and 5341 solar trackers, supplied by Soltec. 💼💰 The scheme will also help the Spanish government meet its targets for the reduction of carbon emissions. 🌎 This is a great step forward for Spain in terms of renewable energy and will help the country to meet its environmental targets. 🙌 #RenewableEnergy #Spain #solar #energystorage #climate17

#Morocco is set to award a new contract for the reconstruction of a new solar plant. The news comes after the country’s renewable energy agency (Masen) selected a number of companies as potential candidates. According to news reports cited by Zawya, “Morocco is close to finalizing Noor Midelt II package…the country is expected to announce soon the name of the company that will build the new complex.” With a capacity of 400 megawatts (MW), the #Noor #Midelt #II #solar #photovoltaic #power #plant represents the second undertaking in the Noor Midelt #solar #energy complex located in the #Atlas #Mountains of Central Morocco.

🌞 Exciting News from Morocco! 🇲🇦 Morocco is on the verge of awarding a new contract for the construction of a state-of-the-art solar plant. The country’s renewable energy agency, Masen, has shortlisted several companies as potential contenders for this significant project. Per Zawya’s news reports, “Morocco is close to finalizing the Noor Midelt II package, and we can expect an announcement soon regarding the chosen company for the new complex.” The Noor Midelt II solar photovoltaic power plant will have a whopping 400 MW capacity. It’s a part of the expansive Noor Midelt solar energy complex nestled in the Atlas Mountains of Central Morocco. 🌄 #Noor #Midelt #II #solar #photovoltaic #power #plant #Atlas #Mountains #Morocco #RenewableEnergy #energiarenovable #duurzameenergie #energie What are your thoughts on this advancement in renewable energy in Morocco? 💬

The natural gas and electricity supplier Premier Energy, a company controlled by the #Czech holding company Emma Capital, has green projects in Romania with a capacity of 1,000 MW, projects that are owned, managed or under development and which are equally divided between wind projects and photovoltaics. The company intends to increase its renewable energy production capacity in #Romania by 50% in the next two to three years, up to 1.5 GW, and in parallel to continue investing in the Republic of #Moldova. Click here to read more.... #renewableenergy #climatechange #sustainablefuture #decarbonisation #iea #europe #investment

Masdar (Abu Dhabi Future Energy Company) has signed agreements for solar and onshore wind projects totalling 1 GW in Azerbaijan. Masdar’s strategic agreements cover the first phase of a 10 GW pipeline of renewable energy projects in Azerbaijan that was first signed in June 2022. The 1 GW clean energy agreements were signed by Masdar Chief Executive Officer, Mohamed Jameel Al Ramahi, Azerbaijan Minister of Energy, HE Parviz Shahbazov and Azerbaijan Minister of the Economy, HE Mikayil Jabbarov. The signing came after the inauguration of Azerbaijan’s largest operational solar plant, the 230MW Garadagh Solar Park. “Garadagh is a testament to our shared commitment to diversifying the global energy mix. Azerbaijan’s ambition to develop low and zero-carbon solutions through renewable energy, is exactly what the world needs at this time,” said HE Dr. Sultan Al Jaber, COP28 President-Designate and Chairman of Masdar. “The UAE is proud to support Azerbaijan’s clean energy goals, to generate more than 30% of its overall energy capacity from renewables by 2030. We need all nations of the world to set out clear energy transition plans with clear targets for renewable energy capacity. As the UAE prepares to host COP28 in November, our North Star for climate action must be to keep the ambition of limiting global temperatures to 1.5C within reach.” The Garadagh solar plant was co-financed by Abu Dhabi Fund for Development, the Asian Development Bank (ADB), the EBRD, and Japan International Cooperation Agency (JICA). #cleanenergy