- Total capacity of 57 megawatts peak
- Mid double-digit million euro total investment volume
- Start of construction and commissioning planned for 2019
- innogy benefits from BELECTRIC’s experience in constructing and operating utility-scale solar power plants
Essen, 18 February 2019
innogy SE is progressing in growing its value accretive solar business. The company has taken the final investment decision (FID) for two solar farms in Canada with a total capacity of 57 megawatts peak (MWp). Both the beginning of construction and commissioning of the photovoltaic plants are planned this year.
Hans Bünting, Chief Operating Officer Renewables of innogy SE, explains: “After last month’s announcement that we build our Spanish solar project Alarcos without state subsidies, we are continuing on this path with our two new Canadian projects. This underlines that solar energy is already competitive in several markets. Decreasing prices for equipment will further drive this development.”
Thorsten Blanke, Head of Solar at innogy SE, adds: “Our first two projects in Canada are a perfect fit with our strategy to deliver utility-scale solar projects in promising markets, like North America, with high irradiance and a strong commitment to renewable energy. And this is only the beginning. In 2017 we joined forces with Solar Krafte and they are the perfect partner to build up a substantial solar portfolio in Canada. Together, we aim to develop solar projects with a total capacity of up to 1,000 MWp.”
The planned investment volume is in the mid double-digit million euro range. The projects were developed by the Canadian company Solar Krafte Utilities Inc. (Solar Krafte), and the project rights have been transferred to innogy in February 2019. The contracting parties have agreed to keep the conditions of the transaction confidential. innogy will review all options regarding the future ownership and financing structure of the projects in order to maximise value for the company and its shareholders.
- News
- Press Releases
- Renewable News
- Solar
please download the PDF below.
More from across PES
Schneider Electric appoints Kristin Hanley as Vice President, Global Marketing and Sales Excellence for the UK and Ireland
·Former Vice President of Customer Operations takes on new role · New function integrates marketing with sales excellence and data insights to accelerate business growth The leader in digital transformation of energy management and automation, has announced the appointment of Kristin Hanley as Vice President Global Marketing and Sales Excellence for the UK and Ireland… Read more »
ABB technology automates giant solar energy farm in Abu Dhabi
ABB technology maximizes efficiency and reliability of world’s largest single-site solar plant Al Dhafra PV2 in Abu Dhabi – key to the United Arab Emirates’ Energy Strategy 2050 The plant generates enough power to meet energy demands of 200,000 homes and reduce city’s CO2 emissions by 2.4 million metric tons per year, equivalent to the annual emissions from 470,000 cars IEA says solar PV manufacturing capacity is expected to double during 2024 to reach almost 1,000 GW,… Read more »
Airborne Wind Energy developer Kitemill receives €2.5m cash boost from EIC (European Innovation Council) to accelerate commercialisation
Voss, Norway, July 22, 2024 – Airborne Wind Energy (AWE) developer Kitemill has secured €2.5million from the EIC (European Innovation Council) to accelerate the commercial launch of its novel technology. The multi-million-euro cash injection marks a significant milestone for Kitemill and its pioneering KM2 system (*see notes to editors) which received commendation from the EIC… Read more »
Nordex Group to offer N169/5.X turbine for the US market
169 m rotor diameter Power rating up to 5.5 MW Hamburg, 22 July 2024. The Nordex Group is expanding its product portfolio in the 5 MW segment and is launching a turbine variant of the proven Delta4000 platform, which is specially tailored to the requirements of the US market. The N169/5.X has a rotor… Read more »
ARESCA calls for wind energy experts to support the national adoption of industry standards
The American Renewable Energy Standards and Certification Association (ARESCA) is calling for experts who are directly and materially affected parties who are interested in participating as a member of an American National Standards (ANS) consensus body, known as the ARESCA Standards Committee of the Board (SCB), to support the adoption of the following IEC TC 88 standards… Read more »
WORLD BANK GROUP RELEASES REPORT ON OFFSHORE WIND DEVELOPMENT SCENARIOS FOR BRAZIL BASED ON ANALYSIS BY DNV
Porto Alegre, Brazil, 18 July 2024 – The World Bank Group today released a study on “Scenarios for Offshore Wind Development in Brazil” conducted by DNV, the global independent energy expert and assurance provider. This report is one of a series of offshore wind roadmap studies commissioned by the World Bank Group (WBG) under its… Read more »
The UK Government today (July 18) announced the formation of an Onshore Wind Industry Taskforce.
MACQUARIE ASSET MANAGEMENT AGREES TO ACQUIRE ADDITIONAL STAKE IN LYNN AND INNER DOWSING OFFSHORE WIND FARMS
More reliable and cost-effective: Schaeffler optimizes wind turbines using closed loop engineering
Online Magazine Reader
- Solar/PV
- Wind
- China