NextEnergy subsidiary Starlight has increased its global pipeline of renewable energy projects, following entry into Canada and Romania. Across both jurisdictions Starlight is targeting development of 1.75GW of solar capacity and is aiming to develop 1GW in Canada and 750MW in Romania over the next five years. Across both markets it has secured land rights and preliminary connection terms for 435MW of solar assets with 450MW under assessment and further negotiations on grid connections and land rights underway. Starlight has also expanded into new renewable technologies for the NextEnergy Group, including battery energy storage systems (both co-located with solar and standalone), in countries where it already has a presence. The pipeline for these technologies already includes 120MW of onshore wind, out of a target of 400MW, and 1.6GW of offshore wind in Italy across two projects, as well as 3.4GW of battery energy storage systems, in the UK and in Italy, all under development. The Starlight solar pipeline has now reached 3.1GW. In total Starlight has reached an identified gross pipeline of 8.3GW under development, spread across four technologies, greater than its initial pipeline target of 5GW, and is now targeting a renewable energy development pipeline of 10GW. The platform is active in five jurisdictions (UK, Italy, Greece, Romania, and Canada) and plans to expand into additional geographies shortly, that may include the US, Germany, Chile, Poland and India. The team driving Starlight continues to expand rapidly, in both skillset and regional background, and now accounts for over 35 people. Aldo Beolchini, Managing Partner and Chief Investment Officer, NextEnergy Group, said: “At NextEnergy Group we believe renewables are key to the transition to more sustainable, independent and resilient energy systems worldwide. “Through Starlight’s increased commitment to develop 10GW of projects worldwide, we seek to support the countries in which we operate in speeding up their transition away from carbon emitting sources to a clean and secure energy supply. “The Starlight team has the right skillset to successfully convert the secured pipeline into ready-to-build assets, across multiple geographies and renewable energy technologies.”
Credits: renews.biz/ [Image: NextEnergy]