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[waldron] 29/11/2021 22:56

GLS Bank cooperates with Meyer Burger for sustainable photovoltaic package on commercial roofs

EQS Group-News: Meyer Burger Technology AG / Key word(s): Miscellaneous/Sustainability
04.11.2021 / 06:48

GLS Bank, one of the leading sustainability banking institutions in Germany, has entered into a cooperation with Meyer Burger for its "carefree" photovoltaic package. The GLS Bank initiative specifically targets commercial customers and is intended to drive the expansion of PV installations in the commercial and public sectors, initially as part of a regional pilot initiative in the German Ruhr region. As part of the package, the bank offers attractive financing as well as other services related to commercial PV systems, with a particular focus on quality and sustainability - this is the motivation for choosing Meyer Burger as the only PV module cooperation partner to date.

"Environmental protection, resource conservation and social aspects are key guiding principles for our products and our manufacturing processes. We want to set new standards, by ourselves and in particular also jointly with partners. We are therefore very pleased that GLS Bank has selected us as a cooperation partner for sustainable solar modules in its visionary project," said Katja Tavernaro, Chief Sustainability Officer at Meyer Burger Technology Ltd. "Our high-performance solar modules are a prime example of a successful balance between sustainability and economic efficiency. We have managed to reduce our production footprint in terms of material and energy consumption, we run our manufacturing operations on electricity from renewable sources and our products do not contain toxic ingredients such as lead. We pay close attention to social standards in our supply chains and source our components from Europe whenever possible."

GLS Bank is pursuing the future goal of 100 percent renewables and has long been committed to the energy transition. "We do not just want to get photovoltaics on the roof, we also ask questions about the quality and sustainability of the modules," says Michael Orth of GLS Bank. Meyer Burger will present itself in Bochum at the project's kick-off event on November 16.

[waldron] 23/11/2021 16:05

Eni rebrands energy transition business, gears for 2022 IPO

Solar panels. Source: Eni SpA (www.eni.com).

November 23 (Renewables Now) - Italian oil and gas company Eni SpA (BIT:ENI) on Monday presented the official plan for listing a minority stake in its recently merged renewables, retail and e-mobility business, to be operated under the Plenitude brand.

Eni Plentitude will encompass all of the group's business dealing with the production of power from renewable energy sources, retail activities, the sale of energy solutions and the creation of a charging network for electric vehicles (EVs).

The initial public offering (IPO) of the rebranded entity is aimed at providing the parent company with free capital to deliver returns to its shareholders and fund initiatives related to the energy transition. The transaction will be completed in 2022, leaving Eni with a majority stake in Plentitude.

“The IPO of Plenitude is a cornerstone of our decarbonization strategy and key to our ongoing transformation. It is the first step in creating an industrial and financial entity to reduce our Scope 3 emissions, and aligns to our wider commitment to delivering value through energy transition,” said Eni’s CEO Claudio Descalzi.

The Italian group merged its retail and renewables operations in order to generate cost synergies from banding together green energy production with retail supply operations. The combined business is expected to more than double its earnings before interest, taxes, depreciation and amortisation (EBITDA) to EUR 1.3 billion (USD 1.47bn) in 2025 from about EUR 600 million in 2021. Its cash flow from operations (CFFO) is seen to reach EUR 1 billion by the same year.

For renewables, Plenitude will aim at EUR 400 million of EBITDA by 2025 and CFFO of around EUR 300 million in 2025. Some EUR 5.9 billion will be channelled during the 2022-2025 period into the business to back a goal for 6 GW of installed renewable capacity by 2025. The target for 2030 is at least 15 GW.

The EV charging points of Plentitude are anticipated to top 31,000 by 2030. Currently, the division is the second-largest operator in Italy with around 6,500 charging points.

(EUR 1.0 = USD 1.128)

[waldron] 18/11/2021 09:58

Source: ENGIE | 4 hours ago

ENGIE completes the acquisition of Xina Solar One a 100MW Concentrated Solar Power plant in South Africa

ENGIE will now hold a 40% equity stake in the Xina Solar One 100 MW Concentrated Solar Power plant, as well as a 46% of the Xina Operations & Maintenance Company (Pty) Ltd



JOHANNESBURG, South Africa, November 18, 2021/APO Group/ --

ENGIE (ENGIE.com) is pleased to announce that it has completed the acquisition of Abengoa’s indirect stake in Xina Solar One (Pty) Ltd. Following completion of the transaction, ENGIE will now hold a 40% equity stake in the Xina Solar One 100 MW Concentrated Solar Power (CSP) plant, as well as a 46% of the Xina Operations & Maintenance Company (Pty) Ltd.

The Xina Solar One plant, located at Pofadder in the Northern Cape, provides approximately 400 GWh of clean, sustainable and dispatchable electrical energy to 95,000 South African households and prevents the emission into the atmosphere of approximately 348,000 tons of CO2 each year. The plant uses parabolic trough technology to generate renewable, sustainable and dispatchable power from the sun. Furthermore, this power plant features a thermal energy storage system that uses molten salts to store the necessary energy for a further 5½ hours supply, and thereby assists in meeting the South African peak demand.

Xina Solar One, which started commercial operation in August 2017, is one of the country’s first solar thermal power plants designed with thermal storage which allows the plant to operate during peak hours when there is a higher demand for electrical energy.

Through this acquisition, ENGIE is pleased to reinforce its commitment to be a reliable, responsible and ethical long-term investor in South Africa’s electricity supply industry

With this acquisition, ENGIE will have a total installed capacity of 1,320 MW in South Africa and consolidates its position as a major IPP player. The Group is present in the country with around 520 employees in electricity production, engineering and energy solutions.

“The acquisition of Xina Solar One supports our 2045 net zero carbon ambitions by contributing to a global target of 50 GW of installed renewable capacity by 2025 and 80 GW by 2030”, commented Mohamed Hoosen, ENGIE Managing Director, Renewables for Asia, Middle East & Africa.

“Through this acquisition, ENGIE is pleased to reinforce its commitment to be a reliable, responsible and ethical long-term investor in South Africa’s electricity supply industry. The partnership with Abengoa will deepen our ability to expand local skills and expertise in solar thermal generation”, says Desnei Leaf-Camp, new CEO of Xina Solar One.

In South Africa, in addition to Xina Solar One, ENGIE has interests in a CSP plant (100 MW Kathu), a wind farm (94 MW Aurora), 2 solar photovoltaic plants (21 MW) and 2 thermal power peaking plants (670 MW Avon and 335 MW Dedisa).

Co-shareholders on Xina Solar One include the Public Investment Corporation, a pension fund manager and a shareholder on ENGIE’s Kathu solar thermal project (20%); Industrial Development Corporation, a development finance institution wholly-owned by the South African Government (20%); and Xina Community Trust, funded by the IDC (20%).

“Abengoa along with the other partners IDC, PIC and the Community Trust are extremely proud of the technical achievements at Xina Solar One and considers ENGIE’s commitment the best fit for a long-term investor in South Africa”, says Javier Payan, Chief Financial Officer of Abengoa South Africa.

Distributed by APO Group on behalf of ENGIE.

[gibbs1] 11/11/2021 06:55

Engie Colombia, the local subsidiary of French developer Engie, has inked an agreement to acquire a 76MW solar park in the country, marking its entrance into Colombia’s renewable market

[grupo guitarlumber] 10/11/2021 19:34

Engie Nears Deal to Buy Spanish Renewables Producer Eolia

Francois de Beaupuy and Dinesh Nair, Bloomberg News


(Bloomberg) -- A consortium led by French utility Engie SA is nearing a deal to acquire Eolia Renovables de Inversiones SCR SA, a Spanish renewable power producer owned by Alberta Investment Management Corp., said people with knowledge of the matter.

An agreement is set to be announced as soon as Wednesday, the people said, asking not to be identified because the information is private. The sale price could be above 2 billion euros ($2.3 billion), local media including the Expansion newspaper have reported.

A representative for Engie declined to comment, while spokespeople for AIMCo. and Eolia didn’t immediately respond to requests for comment.

Demand for renewable energy assets has soared in recent years, with infrastructure funds and strategic investors spending billions of dollars to gain exposure to the sector as governments promote low-carbon energy and crack down on fossil fuels to fight global warming. The value of deals involving alternative energy companies has more than doubled this year to an annual record of $92 billion, according to data compiled by Bloomberg.

Eolia develops, builds and operates wind farms and solar photovoltaic plants, with a portfolio of 824 megawatts in Spain, according to the company’s website. The acquisition fits Engie’s strategy of accelerating in renewables, and energy infrastructure such as district heating and electric-car charging networks.

The transaction will also reinforce its presence in Spain, where Engie and financial partners bought a portfolio of hydropower assets from EDP-Energias de Portugal SA for 2.21 billion euros last year.

To help fund its priorities, Engie announced last week that it that it agreed to sell its energy-services business Equans for 7.1 billion euros to French construction conglomerate Bouygues SA. The power and gas utility already sold most of its holding in French water company Suez SA a year ago, and an interest in its French gas-transmission network in July.

Separately, Engie raised its guidance for full-year revenue and profit on Wednesday, citing a strong operational performance and “external tailwinds” amid a surge in gas and power prices.

“We have maintained our focus on robust operational performance, notably for our nuclear generation, we have increased production from renewables, and recovered significantly from last year’s Covid impacts,” Chief Executive Officer Catherine MacGregor said in a the statement.



(Updates with details of Eolia’s operations in sixth paragraph.)

[sarkasm] 09/11/2021 09:59

GLS Bank cooperates with Meyer Burger for sustainable photovoltaic package on commercial roofs
11/04/2021 | 05:50am GMT

EQS Group-News: Meyer Burger Technology AG / Key word(s):

Miscellaneous/Sustainability GLS Bank cooperates with Meyer Burger for sustainable photovoltaic package on commercial roofs 2021-11-04 / 06:48

-----------------------------------------------------------------------------------------------------------------------

GLS Bank, one of the leading sustainability banking institutions in Germany, has entered into a cooperation with Meyer Burger for its "carefree" photovoltaic package. The GLS Bank initiative specifically targets commercial customers and is intended to drive the expansion of PV installations in the commercial and public sectors, initially as part of a regional pilot initiative in the German Ruhr region. As part of the package, the bank offers attractive financing as well as other services related to commercial PV systems, with a particular focus on quality and sustainability - this is the motivation for choosing Meyer Burger as the only PV module cooperation partner to date.

"Environmental protection, resource conservation and social aspects are key guiding principles for our products and our manufacturing processes. We want to set new standards, by ourselves and in particular also jointly with partners. We are therefore very pleased that GLS Bank has selected us as a cooperation partner for sustainable solar modules in its visionary project," said Katja Tavernaro, Chief Sustainability Officer at Meyer Burger Technology Ltd. "Our high-performance solar modules are a prime example of a successful balance between sustainability and economic efficiency. We have managed to reduce our production footprint in terms of material and energy consumption, we run our manufacturing operations on electricity from renewable sources and our products do not contain toxic ingredients such as lead. We pay close attention to social standards in our supply chains and source our components from Europe whenever possible."

GLS Bank is pursuing the future goal of 100 percent renewables and has long been committed to the energy transition. "We do not just want to get photovoltaics on the roof, we also ask questions about the quality and sustainability of the modules," says Michael Orth of GLS Bank. Meyer Burger will present itself in Bochum at the project's kick-off event on November 16.

[adrian j boris] 06/11/2021 08:05

(MT Newswires) -- Rio Tinto is planning to invest AU$2 billion ($1.5 billion) on wind and solar energy in Western Australia’s Pilbara region to reduce its gas consumption, The Sydney Morning Herald reported Friday.

The planned move is in line with the mining giant’s step towards green steel, which are made using electricity from renewable sources instead of coal, according to the report.

Back in October, Rio Tinto said it aims to reduce by half its carbon emissions by 2030, The Sydney Morning Herald wrote.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

[pvb] 05/11/2021 18:52

Just another ordinary day in Boris Land...

[solsticefire] 05/11/2021 18:45

A wise move.Good luck getting more Spam theres a shortage of delivery drivers,unless the canal folk are still delivering.

[uppompeii] 05/11/2021 08:44

I finally ran out of spam and came out of my bunker on Weds only to see the aurora hanging low in the northern skies over Norfolk. That was enough to send me back in.

[gibbs1] 27/10/2021 11:54

extract

Diohohku
27 Oct '21 - 11:41 - 4099 of 4099
0 0 0
Centrica Business Solutions has established a team to develop large scale, grid-connected solar and battery storage assets in the UK and Europe.

10/25/21, 11:27 AM | Solar & Wind, Energy Storage & Grids | Centrica Business Solutions

Centrica Energy Assets will develop, build, manage and optimise a portfolio of Centrica-owned solar and battery projects that will help provide the company's customers with clean energy.




The UK solar market now exceeds 14GW, and Centrica has to date completed over 85MW of projects including most recently a 4,000 panel project for the British Army, covering an area the size of eight football pitches at the Defence School of Transport near Beverley, Yorkshire.

Centrica has an aspiration to build a total of 650MW of solar farms by 2026. In addition, the company aims to grow its battery portfolio over the same period, meaning its low carbon assets could increase by around 900MW.

They will work with landowners and farmers to deliver the plans, helping them to diversify, secure additional revenues and take part in the fight against climate change.

The battery assets would be controlled via Centrica Business Solutions' industry leading PowerRadar™ demand side response platform, which ensures that the assets achieve maximum value across both ancillary and wholesale markets.

[adrian j boris] 26/10/2021 08:23

Germany Is Testing an Innovative, Highly-Efficient Solar Power Plant Using Molten Salt
Home > News > U-turn
26 Oct 2021, 05:06 UTC · by Otilia Drăgan author pic
Solar thermal power plants could be considered a step up from conventional solar plants due to their ability to generate electricity around the clock, which is possible thanks to their integrated storage systems. The German Aerospace Center (DLR) has taken solar thermal power plants even further by innovatively using molten salt.
[Germany Is Testing an Innovative, Highly-Efficient Solar Power Plant Using Molten Salt]
6 photos
Parabolic Solar Collector at Platforma Solar de Almeria in SpainDLR Solar Power Plant at Evora Molten Salt PlatformDLR Solar Power Plant at Evora Molten Salt PlatformDLR Solar Power Plant at Evora Molten Salt PlatformDLR Solar Power Plant at Evora Molten Salt Platform
It seems unlikely that oil and salt can be connected to power generation, yet these are essential elements in solar thermal power plants. A special thermal oil is used to absorb the solar radiation that is collected with the help of mirrors, convert it into heat and send it through pipelines to a storage unit or a steam turbine to produce electricity. Those storage units are filled with molten salt, capable of maintaining high temperatures. So, the oil is used as a heat transfer medium, and the salt acts as a heat storage medium.

The only problem is that some energy is lost when the heat is transferred from the oil to the salt and that the oil’s operating temperature has limitations, which also limits the energy conversion. So basically, researchers are looking for ways to increase temperatures in these solar thermal power plants, and DLR is doing it by eliminating the oil and using salt not only for storage but also for transfer.

The High Performance Solar 2 (HPS2) project, funded by the German Government, began in 2016. In collaboration with the University of Évora and industry partners from Germany and Spain, the DLR Institute of Solar Research built a solar parabolic trough test facility in Portugal.

DLR announced that the test facility has just started operating using molten salt as a transfer agent. According to project representatives, power plants using this technology will be easier to build, more efficient, and will reduce electricity production costs by 10%.

The only problem with salt is the risk of solidifying during the heat transfer, which is why all the pipelines in the circuit need to be heated. Other than that, the project’s engineers are working on gradually increasing the operating temperature from 300 degrees Celsius (572 degrees Fahrenheit) to 500 degrees (932 degrees). The facility’s collector modules, filled with salt, are currently producing 3.5 MW. The salt that’s used is a ternary, not a binary mixture, because of its lower melting temperature.

This technical innovation could lead to increased energy storage capabilities and reduced production costs for solar power.

[sarkasm] 16/10/2021 00:01

rigzone


Shell-Backed Co Buys Solar Startup
by Bloomberg
|
Naureen S. Malik
|
Friday, October 15, 2021


Shell-Backed Co Buys Solar Startup

Nashville, Tennessee-based Silicon Ranch bought Clearloop for an undisclosed amount.

Silicon Ranch Corp., a solar developer backed by oil giant Royal Dutch Shell Plc, acquired a startup that funds its clean energy projects by selling carbon offsets.

Nashville, Tennessee-based Silicon Ranch bought Clearloop for an undisclosed amount to build utility-scale solar projects in distressed communities that’ll be financed by selling emissions credits to companies seeking to cut their carbon footprints, Silicon Ranch Chief Executive Officer Reagan Farr said. Silicon Ranch can fill in the financing gaps with its investors, such as Shell, and other tax-equity partners.

Clearloop recently broke ground on its first 1 megawatt project in the state with a company buying offsets for as little as $1,000, an idea inspired by crowdfunding, founder and CEO Laura Zapata said. The approach eliminates the need for long-term power sales contracts.

“The Clearloop model democratizes the ability to participate in the energy transition,” Farr said in a telephone interview.

This new model could make solar projects more accessible for companies that haven’t had the ability to commit to 20-year contracts to buy power such as Amazon.com Inc., WalMart Inc., Apple Inc. and other corporate giants. The goal is to target communities that haven’t seen investments in a long time or places where “the grid tends to be the dirtiest,” such as the Mississippi Delta and Appalachia, Clearloop’s Zapata said.

Clearloop plans to announce three more projects in the next six months, with about 10 megawatts of capacity.

For Shell, it’s another way to expand on its goal of becoming the world’s largest power producer. Last year, the company, like many of its peers, ramped up its climate ambitions with promises to cut emissions and diversify into cleaner sources of energy. Its $3 billion-a-year ceiling for spending on renewables and low-carbon technologies compares with the $8 billion it has set aside for oil and gas this year.

Silicon Ranch has built almost 2 gigawatts of solar generation in about eight years and currently has 700 megawatts under construction. The next Clearloop projects will be at least 3 megawatts, Farr and Zapata said.

--With assistance from Laura Hurst.

[waldron] 11/10/2021 07:00

Reliance Industries Buys Norwegian Solar Cells Maker at an Enterprise Value of $771 Million
11 October 2021 - 01:41AM


By P.R. Venkat


Reliance Industries Ltd. has acquired a Norway- headquartered solar cells and panels manufacturer for an enterprise value of $771 million, as part of the Indian conglomerate's expansion into renewable energy.

India's largest listed company by market capitalization will buy REC Solar Holdings AS from China National Bluestar (Group) Co., Reliance said late Sunday.

REC builds solar cells and panels. It has three manufacturing facilities, two of which are in Norway and make solar-grade polysilicon, and one in Singapore that makes photovoltaic cells and modules.

Reliance said that it will support REC's expansion plans in Singapore as well as the setting up of a new two-gigawatt cells and module unit in France and another one-gigawatt modules plant in the U.S.

"The acquisition of REC will help Reliance with a ready global platform and the opportunity to expand and grow in key green energy markets globally, including in the U.S., Europe, Australia and elsewhere in Asia," it said.

In a separate statement, Reliance said that it will acquire a 40% stake in Sterling & Wilson Solar Ltd. SWSL is an engineering, procurement and construction contractor in the renewables industry.

The acquisition will provide a further push for Reliance's goal to build up to 100 gigawatts of solar energy in India by 2030, it said.



Write to P.R. Venkat at [e-mail]



(END) Dow Jones Newswires

October 10, 2021 19:26 ET (23:26 GMT)

[money4me] 07/10/2021 12:07

Time for some pants down action

[waldron] 06/10/2021 22:13

Source: ENGIE | 14 hours ago
ENGIE Energy Access empowers 6.5 Million Africans with Clean Energy via smart integration of Mini-grids and new Solar Home System brand

1.3 million people connected to decentralized power; Across 9 countries in Sub-Saharan Africa; Impacting 6.5 million lives

PARIS, France, October 6, 2021/APO Group/ --

ENGIE Energy Access (EEA) (www.ENGIE-Africa.com) is delighted to announce that within 1 year of integrating its decentralized energy businesses, it has considerably expanded its customer base and is now delivering safe and reliable solar energy to 6.5 million people in Sub-Saharan Africa.

EEA has acquired approximately 200,000 new customers across its 9 markets of operation in Africa throughout 2021, despite the challenges that COVID-19 created – bringing its customer base to more than 1.3 million. Key 2021 milestones achieved to date include a growth in customers in Uganda to 600,000, Zambia to 250,000, Benin to 150,000, and Mozambique to 50,000.

In April 2021, EEA began gradually rolling out its new solar home system (SHS) customer brand, MySol, replacing the Fenix Power and Mobisol brands. With MySol, EEA offers the widest range of PAYGo SHS throughout Africa and caters to all kinds of customers, from off-grid families lighting up with clean energy for the first time, to entrepreneurs running businesses of all sizes.

We have widened our approach from inclusiveness, to dedicating more efforts into productive usage

EEA has equipped 13 villages with its ENGIE PowerCorner mini-grids to date, comprising 3,000 households and 200 businesses. In the past year, it has successfully strengthened the mini-grid pipeline, securing over 180 additional projects – including 60 mini-grids approved in Zambia and 11 more in Benin. EEA is focused on continuing to build out the pipeline with 3 mini-grids under construction in Benin, Nigeria and Uganda, and more pilots on the way.

“I am pleased with the excellent results we have achieved within the first year of integrating our decentralized energy solutions companies. We have strengthened synergies between our solar home system and mini-grid businesses by decreasing costs, gaining in operational efficiencies and relying on strong digital tools, such as our PAYGo platform,” said Gillian-Alexandre Huart, CEO of ENGIE Energy Access.

“We have widened our approach from inclusiveness, to dedicating more efforts into productive usage. We are now at a stage where we provide a full range of complementary solutions: strong SHS offerings and a continuously expanding mini-grid business that is instrumental to reaching higher tier capacities and offering higher tier services. I am confident that we are well on track to impacting 20 million lives by 2025.”

Achieving access to larger funding will be key to EEA meeting its ambitious mission of impacting 20 million lives by 2025. EEA reached its first million customers in part due to the support of partners such as the European Union, and the Swedish and US governments.

Universal electrification is the seventh of the United Nations Sustainable Development Goals that the global community has committed to achieve by 2030. ENGIE is confident that universal access to energy is achievable in the foreseeable future, through smart investments in a combination of national grid extension, solar home systems and mini-grids.

Distributed by APO Group on behalf of ENGIE.

ENGIE Energy Access empowers 6.5 Million Africans with Clean Energy via smart integration of Mini-grids and new Solar Home System brand (1)



ENGIE Energy Access press contact:
[e-mail]

About ENGIE Energy Access:

ENGIE Energy Access is one of the leading Pay-As-You-Go (PAYGo) and mini-grids solutions providers in Africa, with a mission to deliver affordable, reliable and sustainable energy solutions and life-changing services with exceptional customer experience. The company is a result of the integration of Fenix International, ENGIE Mobisol and ENGIE PowerCorner. It develops innovative, off-grid solar solutions for homes, public services and businesses, enabling customers and distribution partners access to clean, affordable energy. The PAYGo solar home systems are financed through installments from $0.19 per day and the mini-grids foster economic development by enabling electrical productive use and triggering business opportunities for entrepreneurs in rural communities. With over 1,700 employees, operations in 9 countries across Africa (Benin, Côte d’Ivoire, Kenya, Mozambique, Nigeria, Rwanda, Tanzania, Uganda and Zambia), over 1.3 million customers and 6.5 million lives impacted so far, ENGIE Energy Access aims to remain the leading clean energy company, serving millions of customers across Africa by 2025. For more, please visit

[waldron] 05/10/2021 16:25

Shell signs partnerships for 800 MW of solar developments in UK
Source: Shell

October 5 (Renewables Now) - Royal Dutch Shell Plc (AMS:RDSA) will partner with two UK solar developers on the development of more than 800 MW of solar farms in the UK.

The oil and gas major on Monday said it signed a framework agreement with Island Green Power to develop photovoltaic (PV) projects with co-located battery storage potential. Initially, the parties will collaborate on more than 700 MW of total generating capacity.

Shell has also signed a deal with Clearstone Energy to develop several utility-scale PV projects with a combined export capacity of 100 MW. The projects have co-located storage potential and are located in the South-East of England.

The two deals will be contingent on a future final investment decision.

Shell is building an integrated power business covering the renewable generation, trading and supply of clean energy to businesses and consumers, explained Shell UK chairman David Bunch. “We will work with both Island Green Power and Clearstone Energy to deliver high-quality solar PV projects to supply more of our UK customers with renewable power,” added Bunch.

It was recently unveiled that Island Green Power plans to install more than 1 GW of PV capacity at the site of a coal-fired power complex.

[grupo guitarlumber] 04/10/2021 12:00

Royal Dutch Shell PLC said Monday that it has signed deals with Island Green Power and Clearstone Energy to develop solar photovoltaic projects in the U.K.

The Anglo-Dutch energy company said that the deal with Island Green Power will include an initial collaboration on around 700 megawatts of generating capacity. As for the Clearstone agreement, the projects have a total combined export capacity of 100 megawatts with co-located storage potential.

Both deals would be subject to a future final investment decision, Shell said.



Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT



(END) Dow Jones Newswires

October 04, 2021 05:59 ET (09:59 GMT)