Lightsource BP Unveils Major Move: Sells Massive 294MW Solar Portfolio In Italy


 Lightsource BP Energizes Italy: A 294MW Solar Sale Sparks New Growth

In a landmark move that’s electrifying Italy’s renewable landscape, Lightsource BP has orchestrated the sale of six avant-garde solar greenfield projects to the esteemed asset manager, EOS Investment Management Group (EOS IM). This impressive portfolio, boasting a combined capacity of 294MW, marks a pivotal step in Italy’s green energy journey, with projects either greenlit or nearing the final development phase and construction anticipated to kick off within the next year.

 A Strategic Shift for Sustainable Expansion

This savvy transaction isn’t just about changing hands; it’s a strategic play by Lightsource BP to reinvest and broaden its horizons in the vibrant Italian market. With a dedicated team of 30 local experts, Lightsource BP is not slowing down—it’s charging ahead with over 1GW of mature solar project opportunities and a burgeoning energy storage pipeline. This move is a testament to Lightsource BP’s commitment to fostering renewable energy growth and sustainability in Italy.

 EOS IM: A Beacon of Clean Energy Investment

For EOS IM, this acquisition is more than a portfolio expansion; it’s a bold statement of its standing as a powerhouse in Italy’s independent clean energy investment sphere. The portfolio isn’t just about generating green power; it embodies innovation and sustainability, featuring agri-photovoltaic (agri-PV) projects. These initiatives seamlessly blend renewable energy production with agriculture, hosting sheep grazing, honey production, and the cultivation of olives, pistachios, oranges, and other local crops. This dual-purpose approach not only generates clean electricity but also champions biodiversity.

 A Vision for Renewable Resilience

Giovanni Mascari, Lightsource BP’s country head for Italy, highlights the growing demand for homegrown, secure, and renewable electricity. This deal is a lever for growth, enabling Lightsource BP to reinvest and scale its contribution to the energy transition. Mascari’s vision extends beyond the projects themselves, eyeing the broader impact on the energy landscape and local economies.

 EOS IM’s Clean Energy Milestone

Natalino Mongillo, managing partner at EOS IM, views this acquisition as a cornerstone for EOS IM’s second clean energy infrastructure fund. Elevating the fund’s capacity to over 370MW of assets and bolstering a project pipeline poised to add 600MW, Mongillo underscores the significance of this move in reinforcing EOS IM’s dynamic role in Italy’s energy transition.

 The Future is Bright

This strategic transaction between Lightsource BP and EOS IM is more than a business deal; it’s a forward-thinking partnership poised to accelerate Italy’s transition to renewable energy. With Lightsource BP’s innovative projects and EOS IM’s investment acumen, this collaboration is set to spark a brighter, greener future for Italy, showcasing the power of synergy in advancing sustainable energy solutions and economic growth.






Credits: [Image: Lightsource BP]


Transatlantic Green Leap: European Energy Inks Port Lease For Pioneering US Power-To-X Plant!


A New Era of Green Energy: European Energy’s Game-Changing E-Methanol Plant in Texas

In a landmark move that propels the global green energy transition forward, European Energy has inked a monumental 50-year lease agreement with the Port of Victoria in Texas, USA. This agreement paves the way for a state-of-the-art Power-to-X (PtX) plant, set to redefine renewable energy production.

European Energy is poised to develop an e-methanol facility at this strategic location, with an impressive production capacity of around 100,000 tons of e-methanol annually. This facility is more than just an industrial site; it’s an embodiment of innovation. By harnessing solar and wind-generated electricity, the plant will produce green hydrogen. This hydrogen, combined with biogenic carbon dioxide, will be synthesized on-site to create e-methanol, a fuel of the future.

The impact of this PtX project extends far beyond energy production. During its construction phase, the project is expected to generate more than 200 jobs, with an additional 60 ongoing local jobs post-completion.

European Energy isn’t new to breaking records. The company is on the brink of completing the world’s largest e-methanol facility at the Kasso facility in Denmark, capable of producing 32,000 tons/year of e-methanol. Giants like AP Moller Maersk, Novo Nordisk, and the LEGO Group are already lined up as off-takers for this e-methanol, underscoring the demand for sustainable energy solutions.

Lorena Ciciriello, CEO of EE North America, articulates the vision behind choosing Port of Victoria: “The Port of Victoria’s vast international waterways, cutting-edge rail infrastructure, and its central location align seamlessly with our commitment to lead in the global green energy transition.”

She adds, “It’s not just a location; it’s a dynamic space where our project can catalyze a significant impact on the world’s green energy landscape.”

This agreement is not just a milestone for European Energy but a testament to the company’s philosophy: bringing tomorrow’s energy today.

Sean Stibich, Executive Director at the Port, shares his enthusiasm: “The green energy revolution is gaining momentum at the Port. Our local leadership and community support have ensured we have the necessary infrastructure in place.”

European Energy and the Port of Victoria are not just creating jobs; they are cultivating a cleaner, brighter energy future for the region and the world.

Highlights for the Green-Thumbed Reader

  • Global Green Pioneers: European Energy sets a benchmark in sustainable energy with its new PtX plant in Texas.
  • Economic and Environmental Synergy: The project promises significant job creation while advancing the green energy agenda.
  • Future-Forward Fuel: E-Methanol from this plant represents the next step in renewable energy resources.






Credits: [Image: European Energy]


Atlantic Green Energizes The Future: Unveiling The UK’s First Revolutionary Battery Project!


Atlantic Green Ignites a Sustainable Revolution with Buxton’s 30MW Battery Energy Storage System

In an electrifying leap towards a greener future, Atlantic Green has triumphantly announced the mechanical completion of its pioneering project – the 30MW Buxton battery energy storage system (BESS) in England. This groundbreaking development is not just a power project; it’s a beacon of hope in the battle against the climate crisis.

A Powerhouse for Change: The Buxton BESS Project

With a robust 60MWh connection distribution, the Buxton BESS stands as a titan in Derbyshire, ready to wage war against carbon emissions. Atlantic Green’s commitment to propel Derbyshire towards a net-zero future is not just admirable; it’s transformative. This project is a critical step in reducing the county’s carbon footprint, making a tangible difference in the global fight against climate change.

On the Horizon: A Brighter, Greener Future

As construction wraps up, the anticipation for the Buxton BESS’s energisation in early 2024 is palpable. But this isn’t just about one project. Atlantic Green’s vision extends far beyond. With a 30-year lease secured, this BESS is the trailblazer in a series of ambitious projects, totalling over 1GWh, including the colossal 600MWh Cellarhead battery and the innovative 270MWh Project T.

The Force Behind the Revolution: Atlantic Green

Atlantic Green, a dynamic joint venture between Nofar Energy and Interland, is at the forefront of developing UK’s battery energy storage. Their mission? To revolutionize the way we think about and use energy.

Nick Bradford, the managing director of Atlantic Green, expresses his elation: “We are delighted to announce mechanical completion for our Buxton BESS Project. This isn’t just a project; it’s a milestone towards improving grid stability and setting the stage for a sustainable energy future.”

A Commitment to a Sustainable Tomorrow

The Buxton BESS Project is more than just a technological marvel; it’s a commitment. A commitment to improving grid stability, to fostering a greener world, and most importantly, to supporting the UK in achieving its net-zero targets. Atlantic Green isn’t just contributing to Derbyshire’s green efforts; they are reshaping the landscape of energy security for generations to come.

Join us in celebrating this monumental achievement and stay tuned as we charge towards a cleaner, more sustainable future.

#AtlanticGreen #BuxtonBESS #CleanEnergy #SustainableFuture #NetZero #GreenRevolution #EnergyStorage #ClimateAction






Credits: [Image: Atlantic Green]


Breaking New Ground: AES Locks in Major Investor for Pioneering US Solar and Storage Endeavor


Revolutionizing the Energy Landscape: AES and HASI’s Bold Leap into a Sustainable Future

               In an era where sustainability is not just a choice but a necessity, AES Corporation, a trailblazer in independent power production, has struck an innovative deal with HASI, heralding a new chapter in America’s renewable energy saga. HASI’s commitment is not just an investment; it’s a testament to the power of collaborative innovation. They are injecting structured equity into a colossal 605MW portfolio, a tapestry of energy projects that stretches across seven power markets in 11 states, including key locations like Arizona, California, and New York. This portfolio is a mosaic of over 200 operational renewable energy installations, predominantly comprising community solar and commercial and industrial solar schemes. Significantly, over a third of this capacity is bolstered by cutting-edge battery energy storage, showcasing a leap into the future of energy resilience and efficiency.

               With a robust average contract life of 16 years, these installations aren’t just short-term projects; they’re long-term commitments to our planet. The portfolio secures stable cash flows, backed by a diverse array of primarily investment-grade off-takers, including corporations, utilities, and municipal entities. AES’s role continues to be pivotal, retaining ownership and operational duties, reinforcing their reputation as a leader in the sustainable energy domain. This transaction is more than a deal; it’s a reinforcement of the enduring partnership between HASI and AES. Remember their previous venture in January 2023? That was a substantial equity investment in a 1.3GW portfolio of operating utility-scale solar and wind projects. HASI’s Chief Client Officer, Susan Nickey, encapsulates the spirit of this venture: “Our partnership with AES is a cornerstone in our journey towards accelerating the energy transition. AES’s leadership in aligning renewable energy supply with demand is exactly what our industry needs. This investment is not just an expansion of our partnership but a diversification and scaling of our balance sheet. In conclusion, this partnership between AES and HASI isn’t just a business transaction; it’s a beacon of hope and a blueprint for the sustainable transformation of our energy landscape.

#EcoFriendlyFuture #PoweringTomorrow #GreenEnergyRevolution







Credits: [Image: AES and HASI]