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    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    Australia's largest planned renewables zone swamped with 34 GW of capacity

    Iberdrola wins 25MW floating solar project in France

    Total launches battery-based energy storage project in France

    CIP and Amberside Energy partner to deliver solar and battery storage projects in the UK

    Iberdrola and Danone signed PPA for 590 MW solar park in Spain

    MPC Energy Solutions announced the start of operations for its solar plants in El Salvador

    Siemens Gamesa extends its €2.5 billion syndicated financing facility, linking it to ESG criteria

    Siemens Gamesa and Doosan Enerbility sign offshore wind partnership framework agreement

    Myanmar, Russia sign pact on developing nuclear power

    MarketVector Indexes Licenses the MarketVector Global Uranium and Nuclear Energy Infrastructure Index to VanEck Europe

    2030 To See Germany Install 4-5 Onshore Wind Turbines A Day

    South Australian Solar Power Excess To Power Hydrogen Plant

    Australian, Dutch Ink Renewable Hydrogen Supply Chain Deal

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    Refiners Should Not Be Making Above Normal Profits- Biden

    Refiners Should Not Be Making Above Normal Profits- Biden

    Cluster of Businesses Want The EU To Improve Energy Security

    Cluster of Businesses Want The EU To Improve Energy Security

    Enel plans to expand power distribution business into US

    In A Move To Avert Blackouts Australia Halts Power Market

    Central American Development Bank commits $800 million toward the fuel relief effort

    Central American Development Bank commits $800 million toward the fuel relief effort

    A New 500-MW Supercritical Coal-Fired Power Plant Going into Operationa in Philippines

    EU Reduces Plans of Fossil-Fueled Electricity By One-Third

    BP to invest up to £18 billion in UK energy system by 2030

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Array Technologies increased revenue 35% to US$872.7 million in 2020

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

    GE Renewable Energy connects the world's most powerful hydro unit to the grid in Wudongde, China

    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    India achieved a solar share of 10.69 percent of installed power capacity

    Altea Green Power inks deal with Aer Soleir to build 300MW projects in Italy

    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

    TotalEnergies starts up its fourth solar power plant in Japan

    ACCIONA Energia to supply 100% renewable energy to Grupo Violas in Portugal

    Fermi Energia Selects GE Hitachi Nuclear Energy BWRX-300 Small Modular Reactor for Deployment in Estonia

    Atlas and Hitachi to develop energy storage systems for renewable projects

    Nine New Countries Sign Up for Global Offshore Wind Alliance at COP27 in Sharm El-Sheikh

    SolarDuck to build 5MW floating solar demonstrator integrated with offshore wind farm

    United Kingdom Onshore Wind Generation Has Now Reached 37GW

    ABO Wind connects first wind farm in Poland

    US Authorities Seek To Reduce Regulations On Offshore Wind

    Europe’s latest wind offshore auction mainly using non-price criteria is a success

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    Italy’s Innovatec targets EUR 100m in revenue from new solar business

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CIP and Amberside Energy partner to deliver solar and battery storage projects in the UK

in News, Renewable Power, Solar Energy
Total launches battery-based energy storage project in France

Amberside Energy and Copenhagen Infrastructure Partners, on behalf of its Flagship Funds, have announced a partnership for the development of 2 GW of solar and battery storage projects in the UK.

Under the terms of the partnership, CIP’s Flagship Funds will provide the capital for project development with the ambition of creating a portfolio of scale that, over time, will have projects in operation, in construction, as well as under development. Subject to investment decisions at the time, CIP intends to provide the capital required for the construction of the projects in this portfolio.

The projects are aligned with the UK’s net zero targets and will make a significant contribution towards increasing energy independence in the UK, providing predictable and affordable power at a competitive cost and decarbonising energy production.

“We look forward to a successful partnership with Ambershide Energy for the development of a significant pipeline of clean-energy projects that will help accelerate the UK’s energy transition to ‘net zero’ greenhouse gas emissions by 2050. UK solar and battery storage have become increasingly competitive in recent years and are now some of the most cost-efficient technologies, contributing to enhancing grid flexibility, resilience, and increasing the overall security of supply. We look forward to working closely with AE’s highly experienced team to deliver projects that, in addition to clean power at competitive prices, also generate investment, jobs, and socioeconomic benefits,” said Radu Gruescu, Partner at CIP.

Local community engagement and maintaining industry-leading ESG standards will be core to the partnership’s objectives, with the projects also expected to deliver local and regional socio-economic benefits.

Amberside Energy will continue to lead origination and development activities for the solar and battery storage projects while CIP will contribute its expertise in procurement, structuring, and financing renewable energy projects.

“We are delighted to form a partnership with CIP. Together, we will be able to accelerate the energy transition in the UK at scale. Our origination and development efforts are well underway, and our proprietary grid model combined with experience gained from auditing and asset managing such schemes helps maximise the efficiency of the development process. We expect our first projects to be ready to begin construction in the next two years and to deliver significant benefits to the communities who host them, as well as generating sustainable green power for many years ahead,” stated Marc Scambler, Co-Founder and CEO of Amberside Energy.

Orrick Herrington & Sutcliffe LLP advised CIP on the transaction as legal advisors. DAC Beachcroft advised Amberside Energy.

 

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LatestNews

Australia's largest planned renewables zone swamped with 34 GW of capacity
News

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February 8, 2023
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