R.Power sells stake in Romanian BESS project to Eiffel Investment Group

SUNOTEC strengthens its position as one of Bulgaria’s leading investors in renewable energy. ⚡️ SUNOTEC has successfully secured financing for seven new large-scale energy storage projects in Bulgaria, including one co-located project and six standalone BESS projects. Together, they represent 115 MWp of solar capacity and 763 MWh of storage. This achievement marks a major milestone in our journey from a turnkey partner to a long-term investor and integrated energy solutions provider, reinforcing SUNOTEC’s commitment to driving Europe’s decarbonisation. “With these investments, we are contributing to Bulgaria’s energy independence and to building a more flexible renewable power system.” — Viktor Stefanov, Head of IPP at SUNOTEC Read the full press release here 👉 https://lnkd.in/dbVsCSud #SUNOTEC #BeyondSolar #RenewableEnergy #EnergyStorage #BESS #BatteryStorage

Congratulations to SUNOTEC and Solaris Holding on successfully closing a portfolio of six standalone BESS projects and one co-located one, with a total of 115 MWp solar PV and 763 MWh storage capacity.   The projects represent an important milestone in the decarbonisation of the Bulgarian power sector and Baringa is delighted to have supported this transaction. As European power markets increasingly recognise the strategic value of BESS assets in enabling the energy transition, Baringa is proud to be supporting clients as a "one-stop shop" advisor, providing a wide range of Market, Commercial, Strategic and Technical advisory services. Leveraging our extensive market reach (>60 markets globally), we offer deep expertise across rapidly developing BESS markets in the Southeastern European region – including Bulgaria, Romania, Hungary, Croatia, Serbia, Greece and Cyprus. If you're exploring BESS opportunities in SE Europe, we’d be delighted to share our insights on this transformative technology and its potential impact on your portfolio.

Renewables Now Live: Greek industrial and energy group Metlen Energy & Metals (ATH:MYTIL) and fellow Greek netting materials maker and renewables investor Karatzis Group of Companies are forming a joint venture to develop, build and operate a 330-MW/790-MWh battery energy storage system (BESS) in Greece. #renewableenergy #BESS #Greece

R.Power Renewables has sold a 49.99% stake in the 127 MW / 254 MWh Scornicesti battery energy storage system (BESS) project in Romania to Eiffel Investment Group. The deal marks the establishment of a new joint venture between R.Power and Eiffel Investment Group. The new venture will jointly finance, construct, and operate the Scornicesti BESS in Olt County. Once operational, Scornicesti BESS will deliver 254 MWh of flexible capacity to the Romanian grid. Scornicesti is the second collaboration between R.Power and Eiffel Investment Group in Romania, following their previous partnership on solar PV projects. “We are very proud to strengthen our partnership with Eiffel Investment Group through another joint venture in Romania — this time in battery storage,” said Przemek Pieta, CEO and Founder of R.Power. “Following our cooperation in photovoltaic projects, this transaction marks the next step in expanding our long-term presence in one of Europe’s most dynamic renewable energy markets. “Romania is a key country for R.Power, where we are developing and building several PV farms, including Stalpu, Suseni, Dudesti, and Punghina. Together with Eiffel, we are accelerating the deployment of energy storage, supporting grid flexibility, and advancing the energy transition in Central and Eastern Europe.” https://lnkd.in/gRD7Hihz #cleanenergy

SUNOTEC strengthens its position in the Latvian renewable energy sector. Earlier this month, SUNOTEC-owned DSE Lazas Solar completed the acquisition of UWG from Utilitas. This strategic transaction marks another step in SUNOTEC’s expansion in the Baltic energy market. With this acquisition, the largest PLANNED photovoltaic (400 MWp) and battery energy storage system (600 MWh) project in Latvia will be expanded by the Gudenieki Wind Project. #HybridPowerPlant #WindLatvia

Renewables Now Live: Octopus Renewables Infrastructure Trust (ORIT) (LON:ORIT) said today it has offloaded its 25% ownership stake in the British green #hydrogen and e-fuels development platform HYRO Energy Ltd, a move allowing it to reallocate capital to other sectors. #renewableenergy

Envision Energy, a global green technology leader, has announced a collaboration in Kazakhstan’s 1 GW Mirny Wind Farm, the nation’s largest and most ambitious renewable energy project to date. The agreement, formalised through a Letter of Award (LOA) during Kazakhstan Energy Week in Astana, will see Envision supply 124 of its advanced 6.5 MW wind turbines for the project. Read more https://lnkd.in/gvTX5nyf #renewableenergy #windenergy Stay up to date with the renewable energy industry by following Saur Energy WhatsApp channel https://lnkd.in/gfh6ePhw

Q ENERGY France surpassed the symbolic milestone of a one-gigawatt wind repowering portfolio under development by signing a new 300 MW partnership with the independent renewable energy producer Nadara at the France Renouvelables National Conference. As the market leader in authorised repowering capacity and third-party development in France, Q ENERGY is strengthening its position as a key player in this vital segment of the country's energy transition. Read more here: https://lnkd.in/dNrifhbi #QENERGY #WindEnergy #Repowering #France #RenewableEnergy #EnergyTransition #WindFarms #1GW #Nadara #Partnership #WindPower

Octopus Energy Generation, the generation division of the energy provider, and the renewable energy project developer Energiequelle Germany have launched the joint venture 'OQTO-X'. 💡 The aim is to support industrial and commercial companies in planning, installing and financing solar systems and large-scale batteries, including energy management. 👉 It will not only target the German market, but also Austria, Poland and the Czech Republic. The joint venture will invest a total of around 200 million euros by 2030, the companies announced. The joint project will receive the money from the Octopus Sky Fund. https://lnkd.in/eAdchZV4 #octopus #energiequelle

Renewables Now Live: Polish energy group ORLEN S.A. (WSE:PKN) has obtained PLN 3.5 billion (USD 962m/EUR 826m) in financing under the National Reconstruction Plan (KPO) to support the development of its offshore wind projects. #renewableenergy #offshorewind #Poland