Statkraft

Statkraft and Naturstrom AG have signed a power purchase agreement for a 50 MW solar array in Bavaria, while BayWa r.e. has announced a new solar-wind hybrid project, with 22 MW of solar capacity.

German utility RWE will sell solar electricity to the German conglomerate under a 16-year power purchase agreement. The electricity will be generated by a 50 MW solar plant in southern Germany. Bosch has also sealed power supply deals with Statkraft and Vattenfall.

Developer Anumar has secured the signature of Norwegian renewables company Statkraft on a 50 MW power purchase agreement for the project and another 30 MW of generation capacity has been awarded a feed-in premium tariff in a tender. Umweltbank provided a €55 million loan.

Norway’s Statkraft is building a 2 MW floating PV array, first announced a year and a half ago, at its 72 MW hydropower plant in Albania’s Elbasan region. Norwegian floating PV specialist Ocean Sun has agreed to supply tech for the €2 million plant.

Dutch solar developer Sonnedix will supply Norwegian renewables company Statkraft with around 100 GWh of green electricity annually from 2021 to 2031. The electricity will be generated by a solar plant planned in Badajoz. Sonnedix also announced the acquisition of 4.6 MW more Spanish solar capacity.

Market intelligence firm BloombergNEF has published a report with power company Statkraft and clean energy distributor Eaton highlighting the importance of sector coupling for Europe’s decarbonization plans. Analysts examined the power markets of Germany and the U.K. and concluded effective sector coupling including the use of green hydrogen could lead to greenhouse gas emission reductions of 83% by 2050.

As the sector continues to grow rapidly, delays in manufacturing scale-ups, difficulties sourcing raw materials and a separate path taken by the electric vehicle sector could all chuck ‘sand in the gears’, according to analyst Wood Mackenzie.

The developer issued the appeal for developers to come forward on the peninsula after selling its second subsidy-free Spanish solar project. The seller did not reveal how much insurance company Talanx has paid for the Don Rodrigo 2 facility.

French renewables company Voltalia has secured a 25-year power purchase agreement from Crédit Mutuel Alliance Fédérale for a 10 MW solar plant and Germany’s Enerparc has signed a long term deal with Norwegian energy company Statkraft for a solar park planned in Bavaria.

The Norwegian power company acquired the projects for around $17.3 million. The transaction indicates interest in large scale solar is on the rise in Ireland and unsubsidized projects are viable.