Helios Nordic Energy AB’s Post

SSE Renewables expands Polish solar pipeline ☀ SSE Renewables, a UK-based renewable energy developer, has acquired a 400MW solar portfolio in Poland from ICB Solar. This acquisition expands SSE Renewables' solar pipeline in Poland to 900MW, following its procurement of approximately 500MW in the previous year. ⚡ Richard Cave-Bigley, Director of Solar and Battery at SSE Renewables, views Poland as a rapidly growing solar market in Europe and emphasizes the importance of solar technology in the company's investment in net zero infrastructure. ♻ Other UK-based companies, such as Harmony Energy and Octopus Energy, are also engaging in projects in Poland, indicating a growing interest in the region's renewable energy sector among UK firms. 🔎 Poland appears to be on the rise when it comes to solar energy, there’s clearly a big interest there from businesses across the UK. Are there any other countries that are experiencing the same growth? 💭

Domeniile Salameh Renewables, a Constanta based landowner and renewable energy projects developer, received the grid connection approvals from Transelectrica for the development of a 220 MW solar park and 223 MW wind park in Constanta. This is the largest project of combined wind, solar and storage capacities in the country so far. The parks will be built in stages starting in 2026, and the value of the combined investment will exceed 500 million Euro. Dr. Nawaf Salameh, Chairman of the Domeniile Salameh Renewables stated: “Our large under-development ‘hybrid’ project of combined 450MW is part of a larger planned portfolio of mixed 1GW capacity under a five-year development plan, as we wish to contribute to Romania’s targets and ensure energy independence and security in South-Eastern Europe. We have recently had extensive discussions with potential strategic co-investors, large players in the global Green Energy industry who wish to invest heavily in the region and in Romania, with us." https://lnkd.in/dqTUCj28

We are thrilled to announce the launch of the Rocío 1, 2 and 3 solar plants' commercial operation.   Located in the province of Huelva, Andalusia, Spain, the Rocío PV projects open with a total capacity of 129 MW, harnessing the abundant solar potential of this region. This marks the second of Matrix's solar plants in Spain to become commercially operational.   H&M Group has signed a multi-year PPA which started at commercial operation date of the plants.   Addressing this latest achievement, Luis Sabaté, President and COO, Matrix Renewables said: “2023 has been an extraordinary year for Matrix and the Rocío PV project marks a key milestone in our growth, as well as consolidation and projection in the renewable generation market. Matrix Renewables is well placed to support corporate renewable energy buyers to accelerate their energy transition and sustainability goals.” The Rocio PV project will be Matrix’s first project in Spain to feature a collocated battery storage system and one of the earliest battery storage projects in the country.   Read more about the projects here: https://lnkd.in/dBxNhDWD

It is great to see the solar parks of Rocío, in Andalucía, becoming a reality. Renewable energy plays a crucial role in our climate roadmap to reduce our carbon footprint and achieve net-zero by 2040

North America Solar PV News Snippets ERG Ventures Into US Renewable Energy Market & More From Altus Power, Enel Green Power: ERG has announced a strategic partnership with US-based Apex Clean Energy to mark its entry into the US renewable energy market. (Illustrative Photo; Photo Credit: wadstock/Shutterstock.com) ERG forays into the US renewables market in partnership with Apex Clean Energy; Altus has raised finance from Goldman Sachs and CPPIB Credit Investments; Enel Green Power offloads all of its geothermal and some small solar plants in the US. ERG, now in the US too: European renewable energy company ERG has entered the US renewable energy space with a strategic agreement with Apex Clean Energy holdings. It has acquired a 75% stake in Apex’s 317 MW portfolio which comprises a recently commissioned wind (224.4 MW) and a solar farm (92.4 MW). Additionally, they will cooperate for 1 GW of new solar and onshore wind projects under development in the country. “We expect to present our strategy and growth targets in the U.S. to the financial community in the first half of next year with the 2024-28 industrial plan. This strategic partnership concludes a 2023 of significant changes and exceptional growth for ERG, now a pure and more international renewable player,” said ERG EO Paolo Merli. https://lnkd.in/gjcV5MC8

Octopus Australia, the Australian unit of Britain's Octopus Group announced it had received planning approval for a 500 MW/ 1,000 MWh battery energy storage system (BESS) in Queensland. The battery, named Blackstone, will house one of the largest batteries in the Queensland, will store enough electricity to run up to 70,000 homes per day. It will be located near Brisbane and contribute to Queensland's aim of achieving 80 percent renewable energy by 2035. It will also aid the company's renewable power generation assets. "Once constructed, the battery project will compliment Octopus's other wind and solar assets in Queensland, including the operational Dulacca Wind Farm and the Ardandra Battery and Solar Farm currently in development," Octopus Australia said in its release, adding: "This integration will allow Octopus to shift generation between its assets, optimising supply, and mitigating intermittency." Octopus Australia said it would now collaborate closely with key stakeholders, including Firm Power and Powerlink, to move into the next phases of the project. Sonia Teitel, Co-Managing Director, Renewables Australia, Octopus, commented on the development: "The planning approval for the Blackstone Battery is a significant step towards building Octopus's integrated portfolio of multi-technology renewable assets. The Blackstone Battery will play a pivotal role in delivering reliable renewable energy generation in Queensland and supporting the state's transition towards a renewable future."  https://lnkd.in/dEADtrUV

*Solar module manufacturing Vikram solar and Waaree energies and Waaree renewables* (Peer Comparability ) ✅Vikram solar & waaree energies Unlisted shares available Message unlisted/ pre ipo shares on WhatsApp. wa.me/917904568661 1) *Face value* Waaree energies (10/-) waaree renewables (2/-) Vikram (10/-) 2) Price to book Waaree energies (18) Waaree renewables (199) Vikram solar (16) 3) *Earning per share* Waaree energies (19/-) waaree renewables (10) Vikram solar (0.56) 4) *Price to Earnings ratio* Waaree energies (102 ) waaree renewables (212) Vikram solar (415) 5) *52 week high* Waaree energies (2200/-) waaree renewables (2164/-) Vikram solar (400/-) 6) *52 week low* Waaree energies (800) Waaree renewables (157) Vikram solar (180) 7) *ROE* Waaree energies - 26% Waaree renewables - 59% Vikram solar - 4.2% 8) *Market capitalisation* Waaree energies (49,730cr) Waaree renewables - ( 22,541 cr ) Vikram solar (5823cr) * *Vikram solar loss in 2022 (629cr) to posted an profit of 144.91cr (hence EPS turned from Negative to positive.)* These 3 companies play a major role in manufacturing Solar modules and Vikram solar is supplying to global countries recently made JV with US company Currently most manufacturers are selling only mono perc but only Waaree & Vikram solar are selling N-Type Topcon variant. It is bificial and has more efficiency. Vikram solar has turned from a loss making in 2022 to profit in 2023. Expecting the result continues to be positive this year and that makes a low pe. *Currently the cheapest stock in Solar Manufacturing industry* If company continues to survive good it can be a good potential for growth in future. Filed DRHP previously expecting IPO in coming 1-2 yrs.

InnoVent Renewables is proud to announce its recognition by New World Report. InnoVent Renewables was awarded Most Innovative Waste Tire Renewable Solutions Company 2024 for its outstanding commitment, expertise, and innovation in the renewable energy sector. This prestigious acknowledgment highlights InnoVent Renewables’ unwavering dedication to advancing sustainable energy solutions and its significant contributions to the industry. InnoVent Renewables LLC: Leading the Way in Renewable Energy InnoVent Renewables LLC has been at the forefront of renewable energy innovation, consistently pushing the boundaries of what is possible in the industry. Our company’s mission is to provide cutting-edge renewable energy solutions that are not only efficient but also environmentally friendly, helping to build a sustainable future for generations to come. Selection Criteria and Merit-Driven Recognition The New World Report selection process is thorough and comprehensive, focusing on the true impact and contributions of each nominee. InnoVent Renewables LLC was chosen based on the following criteria: Commitment: Our steadfast dedication to advancing renewable energy technologies and solutions. Expertise: The extensive knowledge and skill our team brings to every project. Innovation: Our ability to introduce new and effective solutions within the renewable energy sector. The selection process included a detailed review of nomination information, analysis of votes, and consideration of supporting evidence, coupled with the New World Report team's rigorous fact-checking and research. This merit-driven approach ensures that recognition is based on genuine achievements rather than popularity. A Word from Our Leadership “We are honored to be recognized by New World Report,” said Vibhu Sharma, CEO of InnoVent Renewables LLC. “This accolade is a testament to the hard work and dedication of our entire team. It motivates us to continue striving for excellence and innovation in the renewable energy sector. We remain committed to delivering sustainable energy solutions that make a real difference.” "There are 1 billion waste tires dumped in landfills every year and we are making significant impact using pyrolysis to reduce emissions by 80 million pounds a year with each production train."

The Daratolle 700kWp Standalone PV Minigrid Project is a significant renewable energy initiative that has been implemented in the Somali Region of Ethiopia. This large-scale standalone photovoltaic (PV) minigrid project has a total generation capacity of 700 kilowatts peak (kWp). The project represents a major stride in the region's efforts to expand access to clean, reliable, and sustainable electricity through the deployment of off-grid solar power solutions. By installing this 700kWp standalone PV minigrid system, the project has brought much-needed electricity to the local communities in the Somali Region. The standalone nature of this PV minigrid means that it operates independently from the main electricity grid, making it an ideal solution for areas with limited or unreliable grid infrastructure. This approach allows the project to provide a self-contained and autonomous power supply, ensuring that the local population has a consistent and dependable source of electricity. The successful implementation of this 700kWp standalone PV minigrid project is a testament to the region's commitment to renewable energy development and its potential to transform the lives of people living in off-grid or underserved areas. It serves as a model for similar initiatives that can be replicated in other parts of Ethiopia and the wider region to enhance energy access and drive sustainable development. This project represents a significant milestone in the Somali Region's energy landscape and aligns with the country's broader goals of increasing the share of renewable energy in its overall power generation mix. The Daratolle 700kWp Standalone PV Minigrid Project is a shining example of the transformative impact that such renewable energy initiatives can have on local communities.