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

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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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    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

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    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

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    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

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    GE’s digital power transformers selected for multiple projects across the globe

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

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    Italian Solar Farms, Matrix in Strategic Partnership with Energia Aljaval

    China installed 48.2 GW of new solar capacity in 2020

    Solek Group signs deal to build solar power plants in Chile

    Trina Solar betting on largest wafer size and third cut cells for 500W-plus modules

    TotalEnergies to Acquire SunPowers Commercial & Industrial Solar Business

    Vattenfall Wind

    UK Government grants consent for Vattenfall’s Norfolk Vanguard Offshore Wind Farm

    New DNV GL class rules for floating offshore wind energy expands industry horizon

    Norway to launch 1.5 gigawatt offshore wind tender

    Atlas and Hitachi to develop energy storage systems for renewable projects

    Velto Renewables supports the 360 MW offshore wind farm London Array

  • Market Moves
    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

    Ferroglobe Hydro power

    Ferroglobe completes sale of Spanish hydro facilities to TPG Sixth Street Partners

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Intersolar, EES and Power2drive NA Acquired by Diversified Communications

    Summit Energy Services Announces Merger with Schneider Energy Consulting

    SeaMade secures €250m European loan for Belgian offshore wind farms

    SeaMade secures €250m European loan for Belgian offshore wind farms

    Xcel Energy agrees to buy Mankato Energy Center for $650m

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    Intersolar Europe 2022: Solar Energy in Germany Takes Center Stage

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    Lightsource BP pioneers UK's first night-time solar service

    Altus Power and Heliene Establish Strategic Partnership to Support U.S. Solar Module Manufacturing

    EDP signs a Build & Transfer Agreement for a 200 MWac solar project in the U.S.

    I&M is Powering the Next Tomorrow with Plans to Add More than 2,000 MW of Solar

    WindEurope Annual Event 2022 in Bilbao - Registrations Open, Conference Programme Available

    WindEurope Annual Event 2022 in Bilbao – Registrations Open, Conference Programme Available

    RWE chooses Chantiers de l'Atlantique as key supplier for its F.E.W Baltic II wind farm - design, construction and installation of the electrical offshore substation

    RWE chooses Chantiers de l’Atlantique as key supplier for its F.E.W Baltic II wind farm – design, construction and installation of the electrical offshore substation

    EGAT deploys Siemens software solutions for the worlds largest Hydro-Floating Solar Hybrid Project

    EGAT deploys Siemens software solutions for the world’s largest Hydro-Floating Solar Hybrid Project

    Protermosolar adds value to the Spanish concentrated solar power industry in China

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    GE’s digital power transformers selected for multiple projects across the globe

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EIB to finance new medium-size onshore wind farm in Poland

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EIB to finance new medium-size onshore wind farm in Poland

The European Investment Bank (EIB) has agreed to provide a loan for the construction of a new wind farm in Poland. Located near the Baltic coast, the medium-size onshore wind farm will be equipped with 29 wind turbines and will have a total installed capacity of 94MW.

As per the terms of the agreement, EIB will be providing a loan of PLN258m (€60m) for the construction and operation of the project. EIB vice-president Teresa Czerwi?ska said: “There is huge potential for generating energy from renewable sources in Poland, and this project is yet another example of how wind farms can contribute to the country’s energy mix and sustainable development.

“The EIB has considerable expertise in financing wind energy around the world. With our new energy lending policy, we are committed to supporting even more such projects and we are happy that this particular project is very much in line with our climate objectives.”

The loan offered by EIB will cover nearly 47% of the project costs and is backed by the European Fund for Strategic Investments (EFSI). Construction works at the site have already begun in July 2019 and the wind facility is expected to become operational in the spring of 2021.

Once operational, the facility is expected to generate 300GWh of clean energy annually that will be sufficient to power nearly 75,000 households. The loan agreement was signed with Ignitis Renewables subsidiary Pomerania Wind Farm. Ignitis Renewables is part of Lithuanian energy company Ignitis Group.

Ignitis Group board member and head of business development Dominykas Tu?kus said: “Sustainable development through the implementation of renewable energy projects not only in Lithuania but also abroad is a top priority for the Ignitis Group in its Strategy 2030.

“Through these projects, we aim to increase our competitiveness and make a significant contribution to accelerated decarbonisation of the energy sector.”

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News

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

May 14, 2022
Giant offshore wind energy projects to be built in Irelands seas
News

Kier to deliver onshore converter station for offshore wind project in the north east

February 19, 2022
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News

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