Recurrent Energy’s 300 MW Spanish PPA; Energiekontor’s €20 million bond; solar-powered EV from Indian company for Germany; VDMA’s PV equipment board; Canadian Solar’s new inverter certificate; Voltage Clean Energy’s European expansion.
103 MW online in Italy: EDP Renewables (EDPR) has grid-connected 2 large-scale solar power plants with a combined 103 MW DC/83 MW AC capacity in Italy. The Castrum 13 project is located in Montalto di Castro, and the Tuscia 21 is sited in Tuscania, both in the Viterbo region. Combined, their total generation is over 156 GWh annually. EDPR says this milestone follows weeks after the company grid-connected its largest solar project in Italy with 72 MW DC/62.4 MW AC capacity. This strengthens the company’s presence in Italy. EDPR’s Executive Director for South and East Europe, Roberto Pasqua said the company will add more than 200 MW of new solar and wind projects in the country over the next few months.
Additionally, EDPR has also started construction on its maiden standalone battery energy storage system (BESS) project in Europe with a 50 MW capacity. This one is located in Kent, England, and will contribute to the grid with 100 MWh of energy production or 2 hours of storage capacity. It is expected to be fully operational by 2025. EDPR says this project will support the stability of the British grid as more renewable energy projects come online in the country.
300 MW solar PPA in Spain: Canadian Solar subsidiary Recurrent Energy has signed a 10-year power purchase agreement (PPA) in Spain with an unidentified major US-based technology company. The Tordesillas Solar Project is located in Valladolid in Spain’s Castilla y León region, and is expected to enter commercial operations by 2026. Recurrent will own and operate the project. In Spain, the company has a project development pipeline of over 2 GW of solar and 60 MWh of battery energy storage assets.
€20 million corporate bond: German solar and wind power project developer Energiekontor AG has issued a new, sustainable corporate bond with a target volume of €20 million for renewable energy projects. The proceeds will provide interim financing for new wind and solar energy projects with a combined capacity of 12 GW in Germany, and the national markets of the UK, France, Portugal, and the US. Building permits for over 1 GW are already secured. The bond is open to subscription from institutional and private investors till the end of January 2025, it says, and carries an annual interest rate of 5.25% with a term of 7 years. The minimum subscription amount is €3,000. The company said it does not plan a stock exchange listing. As of December 10, 2024, when Energiekontor announced the bond issue, 75% of the total volume had already been placed.
Servotech and LESSzwei partner: Indian electric vehicle (EV) charger manufacturer Servotech Power Systems Ltd. will deploy 100% solar-powered EV charging infrastructure in Germany under a strategic partnership with Germany’s LESSzwei GmbH (LESS2). The duo will deploy this infrastructure in urban areas of Germany to power e-bikes, e-scooters, and e-cargo bikes. The focus will be on transforming existing PV systems and energy storage into innovative street charging points (BIKE-Ports) using solar power for fast and reliable charging round-the-clock. Each station with 3.3 kW output will be designed to simultaneously charge 4 two-wheelers. Driven by an artificial intelligence (AI)-based energy management system, this project named EnerMAAS will create a sustainable and scalable charging ecosystem to optimize energy use and reduce environmental impact, they stated.
While Servotech will oversee the manufacturing and supply of these solar-powered EV charging stations, LESS2 will be responsible for AI and app development. The Indian company will start with the supply of the initial 100 systems with 2 charging stations being deployed in each of the 50 selected cities across Germany. The project is backed by grant financing from the Federal Ministry for Economic Affairs and Climate Action (BMWK), Germany with a duration of 2.7 years.
VDMA’s new board: Counting 3,600 German and European mechanical and plant engineering companies as its members, the VDMA’s Photovoltaic Equipment sector group has finalized its Executive Board after fresh elections. The top management stays put with Dr. Peter Fath of RCT Solutions GmbH re-elected as the chairperson of the board, and Dr. Stefan Rinck of Singulus Technologies AG as the deputy chairperson. The remaining members of the board are Karl-Heinz Menauer of acp systems AG, Marco Saladin of M10 Solar Equipment GmbH, Dr. Holger Kühnlein of RENA Technologies GmbH, Marco Schaible of Robert Bürkle GmbH, Christian Schmitt of SIEMENS AG, and Carsten W. Hense of Wavelabs Solar Metrology Systems GmbH.
Fath stated, “We are glad to continue our successful cooperation on the Board. In view of the growing competition, particularly from China, we are doing everything we can to secure and further expand one of the leading positions in German-European solar machinery manufacturing. Our common goal is to re-establish PV production with machines and technologies from German and European photovoltaic machinery manufacturers in Europe.”
Today, Prof. Dr. Peter Fath will be a part of an executive panel discussion on day 4 of the TaiyangNews High Efficiency Solar Technologies Conference, where the subject of discussion is the next big thing in solar cell and module technologies. The virtual event begins at 10:00 AM CET on December 11, 2024. Registration for the event is free and can be done here.
New certificate for Canadian Solar inverters: Canadian Solar has secured a German medium-voltage grid-connected certification certificate for its solar PV inverters, from TÜV Rheinland. This means its inverters meet the latest test requirements of German 4110 TR3. Canadian Solar says this is the most stringent standard among the European grid-connected standards as it not only means a certificate but also represents the highest technical level in the industry. The new version of the test standard has stricter requirements on the reactive power part of the inverter voltage, has laid down increased dead zone requirements for grid voltage changes and improved the reactive power accuracy requirements.
European footprint for Voltage: US-based electrical balance of systems (eBOS) supplier to utility-scale solar PV projects, Voltage Clean Energy has opened its new European office in Frankfurt am Main in Germany as its point of contact for the Central European PV solar marketplace. Georg Urban heads it as the head of Europe. Urban has previously worked with LONGi and First Solar.
Source from Taiyang News
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