A report by the IEEFA warns EU countries against relying on carbon capture and storage (CCS) for gas power plants, citing the UK’s costly Net Zero Teesside project that has limited benefits. It suggests focusing on renewable energy instead, as CCS faces high costs, unreliable performance, and long development timelines.
Alight has acquired its first integrated solar-plus-storage project in Denmark, a 79 MWp solar park with a 55 MW battery energy storage system in Kalundborg. The project aims to generate 95 GWh annually and enhances energy flexibility. It is expected to reach ready-to-build status by 2028, part of Alight's goal for 5 GW capacity by 2030.
The European Bank for Reconstruction and Development is loaning US$ 45 million to Kernel to develop a 106 MW solar power plant in Ukraine, enhancing energy security amid ongoing conflict. The project aims to generate 141 GWh of renewable electricity annually, stabilize local power networks, and improve livelihoods for over 10,000 employees.
Iberdrola's Executive Chairman, Ignacio Galán, emphasizes the need for improved energy security amid the global crisis. The company invested €14.5 billion last year, focusing primarily on the UK and US, leading to an 8% growth in its Networks Regulated Asset Base. Despite challenges, Iberdrola anticipates strong future profitability driven by electrification and AI projects.
Neoen has inaugurated its first solar farm in Italy, the 7.4 MWp Arena Po Solar Farm, which will generate 11.9 GWh of clean electricity annually for about 8,000 people. This project supports a broader power purchase agreement with Equinix, aligning with Italy's renewable energy goals and Neoen's growth strategy in Europe.