VSB Group and Commerzbank AG extend syndicated loan agreement © VSB Group

25 Apr 2024 | Dresden (renewablepress) - VSB, the international project developer for wind energy and photovoltaics, has increased its existing syndicated loan agreement to a volume of EUR 160 million under the leadership of Commerzbank AG. It has a term of approximately two and a half years and will be used for general corporate financing. The market for renewable energy is growing steadily, and so are VSB Group’s investments. To support this growth in nine European countries, the existing agreement has not only been extended but also increased by EUR 40 million to EUR 160 million. The banking syndicate led by Commerzbank consists of long-standing fina...... read more...

Deutsche Windtechnik will also support Meidensha in training qualified onshore service technicians. © Deutsche Windtechnik AG

25 Apr 2024 | Bremen (Germany), Tokyo (Japan) (renewablepress) - Deutsche Windtechnik, a global leader in services for wind energy systems, and Meidensha Corporation, a pioneering manufacturer of heavy-duty electrical equipment, have entered into a consultancy agreement. This alliance aims to strategically position Meidensha as Japan's leading Independent Service Provider (ISP) for wind turbines, simultaneously advancing the Japanese onshore wind energy landscape. The consultancy agreement between Deutsche Windtechnik and Meidensha seeks to enhance the Japanese onshore wind energy sector by reducing dependence on wind turbine manufacturers and streamlin...... read more...

ENERSIDE offloads 360 MWp agrivoltaic solar project with battery storage in Sardinia to Chint Solar © Capcora

25 Apr 2024 | Frankfurt am Main (renewablepress) - ENERSIDE today announced the sale of 360 MWp agrivoltaic solar project with an integrated battery energy storage system (BESS) of 82.5 MWh in Sardina, Italy. The acquirer is Chint Solar Europe (“Chint Solar”), which buys the project via its subsidiary Chint Solar Italy Projects BV. Capcora, a German consulting company, acted as the exclusive sell-side M&A advisor to ENERSIDE. The project “Palmadula”, which encompasses a ground-mounted agrivoltaic system with an anticipated capacity of 360 MWp alongside an integrated BESS system with an expected injection capacity of 82.5 MWh, is situated in the Sardini...... read more...

Construction of the new wind turbine © Energiequelle GmbH

24 Apr 2024 | Bad Gandersheim (renewablepress) - In mid-February, Energiequelle GmbH commissioned a new E-160 wind turbine with a hub height of 166 meters and an output of 5.56 MW in Bad Gandersheim (Lower Saxony). Thanks to its overall height of 250 meters and its location directly on the A7 motorway, the latest generation turbine can be seen from afar. Construction work began last February with the dismantling of four old turbines that had been in operation since 2000. With the construction of the new turbine, which replaces the four previous turbines, the repowering project has achieved an efficiency gain of around 530 percent and now supplies aro...... read more...

Mikael D. Pedersen, Vice President and co-founder of European Energy signs the contract with Mitsubishi HC Capital. © European Energy A/S

17 Apr 2024 | Søborg (renewablepress) - European Energy A/S (European Energy) has successfully completed the transaction with Mitsubishi HC Capital Inc. (Mitsubishi HC Capital), in which Mitsubishi HC Capital acquires a 20 percent stake in European Energy. In connection with the transaction’s closure, European Energy has carried out a capital increase of 72,383,854 new shares, each with a nominal value of DKK 1. In addition to the capital increase, Mitsubishi HC Capital also acquired approximately 2.8 million shares from the three major shareholders of European Energy. European Energy will raise proceeds of approximately EUR 700 million. The...... read more...

© Nordex SE

16 Apr 2024 | Hamburg (renewablepress) - The Nordex Group recorded an order intake of 338 turbines with a total capacity of 2,086 MW in the first quarter of 2024 (Q1/2023: 1,021 MW). The average sales price in euros per megawatt of capacity (ASP) amounted to EUR 0.85 million/MW (Q1/2023: EUR 0.90 million/MW). The Nordex Group received orders from eleven countries. The largest individual markets were Germany, South Africa and Lithuania. "With an order intake of more than 2 GW and stable prices, we are building on the success of previous quarters and making a good start to the new year. I am very pleased that we have won several major orders in differe...... read more...

© Nordex SE

15 Apr 2024 | Hamburg (renewablepress) - At the end of March, the Nordex Group received an order to supply 14 N163/5.X turbines from Borusan EnBW Enerji, a leading developer and operator of wind energy projects in Türkiye. The Delta4000 series turbines are projected for the 80 MW Pelit wind farm in the Sivas Province. The contract also includes a Premium Service contract for the turbines for 10 years. The order follows a 36 MW order Borusan EnBW Enerji placed with the Nordex Group for the Balabanli Extension II wind farm in December 2023, comprising 6 N163/5.X turbines. The Pelit wind farm project is located on a mountain ridge, approximately 2...... read more...

© Nordex SE

09 Apr 2024 | Hamburg (renewablepress) - End of March, EDF Renewables (South Africa) a subsidiary of EDF Renouveables and Electricité de France (EDF), placed orders with the Nordex Group for two wind energy projects in South Africa. The Korosun 2 cluster, consisting of the Umsobomvu and Hartebeesthoek projects, will comprise 50 N163/5.X turbines with a total capacity of 295 MW. The Nordex Group will also be responsible for the maintenance and servicing of the turbines for a period of 20 years. The Korosun 2 cluster is being built on the border of the Eastern Cape and Northern Cape provinces. Construction has started and the wind farms will be commis...... read more...

Polydoros Pagonis, Country Manager Greece © Energiequelle GmbH

03 Apr 2024 | Athens (renewablepress) - The international project developer and operations manager Energiequelle has opened an office in Athens and is entering the Greek renewable energy market. Energiequelle has already been active in the southern European country for several years and has now decided to establish a Greek branch. Polydoros Pagonis was appointed Country Manager on 1 November. He has been instrumental in driving forward the preparations for the opening of the site in recent months and has already built up a valuable local network. He has many years of experience in the field of renewable energies and in the Greek market: "I am deli...... read more...

(from right): Harald Wilbert takes over the position of CFO of PNE AG from Jörg Klowat © PNE AG

03 Apr 2024 | Cuxhaven (renewablepress) - As planned, Harald Wilbert took over the function of CFO of PNE AG and the duties of Jörg Klowat as of 1 April 2024. The latter did not renew his management contract at his own request. Harald Wilbert has been a member of the Board of Management without special responsibility of PNE AG since October 2023. In recent months, he has become acquainted with the PNE Group and prepared the handover. In addition to finance, Harald Wilbert's area of responsibility also includes Legal & Compliance, Investor Relations & ESG, Human Resources, IT and Facility Management. "I am looking forward to the new task," says Harald Wi...... read more...