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ScottishPower makes major UK solar play with acquisitions

960 640 Stuart O'Brien

Iberdrola-owned ScottishPower has signed two deals to acquire 17 solar photovoltaic (PV) projects in the UK, with a combined capacity of more than 800 MW. The contracts have been concluded separately with Elgin Energy, which owns 12 projects, and Lightsource BP, which controls the rest.

Both companies are experienced developers with a long track record in renewable energy.

The projects, across England, Scotland and Wales, are in advanced stages of development and will be operational by 2025 with a total investment of approximately £500 million (around €600 million). This portfolio of solar sites will add enough clean energy to power over 220,000 homes.

ScottishPower claims it is now at the forefront of the UK’s solar industry, with its market share rising from 2% to 9%, confirming the company’s commitment to growing the renewables market across the UK, where it is the only 100% green integrated utility. The deals will also contribute towards reaching net zero greenhouse gas emissions in Scotland in 2045 and in the United Kingdom by 2050.

Lindsay McQuade, CEO of ScottishPower Renewables, said: “Moving into 2022, we are continuing to push forward our plans at ScottishPower to support the transition to Net Zero.  This boost to our solar generation pipeline complements our existing growth plans for wind and storage.

“With plans to invest close to £4 billion by 2025, doubling the volume of renewable electricity we produce, we are taking action every day to deliver on our commitment to deploy more renewables – at scale and at speed – to electrify how we live, work and travel. This addition to our portfolio will help accelerate that journey and play an important role in tackling the climate emergency.”

As of September 2021, Iberdrola has almost 3GW of installed PV worldwide, an increase of 89% compared to 2019. Of this capacity, 2,028MW are in Spain, 642MW in Mexico, 191MW in the US, 4MW in the UK and 31 MW in other countries. It also has 31 GW of solar projects under development in Spain, US, Mexico, UK, Portugal and Italy. The company’s investment plan for 2020-2025 sets to double its current PV capacity to 6GW by the end of 2022, and to have 14 GW installed by 2025.

Do you specialise in Commercial Lighting? We want to hear from you!

960 640 Stuart O'Brien

Each month on Energy Management Briefing we’re shining the spotlight on a different part of the market – and in October we’ll be focussing on Lighting.

It’s all part of our ‘Recommended’ editorial feature, designed to help energy management buyers find the best products and services available today.

So, if you’re a supplier of Lighting solutions and would like to be included as part of this exciting new shop window, we’d love to hear from you – for more info, contact Lisa Rose on 01992 374077 / l.rose@forumevents.co.uk.

Our features list in full:

Oct – Lighting
Nov – Heating & Ventilation
Dec – Onsite Renewables

Do you specialise in Solar PV? We want to hear from you!

960 640 Stuart O'Brien

Each month on Energy Management Briefing we’re shining the spotlight on a different part of the market – and in September we’ll be focussing on Solar PV.

It’s all part of our ‘Recommended’ editorial feature, designed to help energy management buyers find the best products and services available today.

So, if you’re a supplier of Solar PV solutions and would like to be included as part of this exciting new shop window, we’d love to hear from you – for more info, contact Lisa Rose on 01992 374077 / l.rose@forumevents.co.uk.

Our features list in full:

Sep – Solar PV
Oct – Lighting
Nov – Heating & Ventilation
Dec – Onsite Renewables

Italian renewable industry expands future renewable development

960 640 Stuart O'Brien

The Italian Government is expanding the integration of renewables in its generation mix to create an infrastructure for supporting sustainable green generation, thereby tackling the issues of land constraints and making continuous strides in meeting the net carbon neutrality ambition by 2050.

The constant decline in the development costs for offshore wind and floating solar PV has garnered special recognition in the country’s renewable energy plan. The Italian renewable capacity, excluding hydropower, is estimated to reach 60GW by 2030 from the current 36GW, growing at a compound annual growth rate (CAGR) of 4.5%, according to GlobalData. 

Somik Das, Senior Power Analyst at GlobalData, said: “The floating offshore wind project is a technological advancement and investments in the segment provides Italy the prospect of staying ahead in the growth curve. Along with the floating offshore wind projects, developers are also looking at building hybrid offering with integration of solar PV to improve the generation yield.” 

This year is attracting growing interest from various players that are active in the supply chain and who are investing in the Italian renewable energy landscape. In June 2020, Italian developers began work on the €750m (US$840m) 7Seas Med floating wind project with 25 floating wind turbines with 10 megawatts (MW) capacity. Terna has pledged an additional investment of €7.3bn (US$8.3bn) by 2024 to meet the growing demand for electricity from green energy.

Recently, Saipem signed a pact with renewable energy (RE) developers Agnes and Qint’X, to co-develop a project combining 450MW of offshore wind capacity with floating solar PV technology in the Italian Adriatic Sea. In a similar instance, Eni New Energy SpA has laid its plans to invest €14.7m (US$17.3m) and construct a 14 MW floating solar PV plant in Brindisi.

GlobalData says Italy is one of the primary markets for several global investors, as the country provides a perfect amalgamation of ideal climatic conditions, optimum solar irradiance, and wind speed to implement cutting-edge solar and wind technology. Floating offshore wind turbines provide more access to deeper water than conventional fixed-bottom wind turbines. This expands the practical range for wind energy development, and can potentially get access to locales with steadier and higher wind flow.

Das added: “Being limited in geographic landmass, the country is making use of its coastlines and its waters to meet its RE installation targets by the conclusion of the decade. Italy has the 2nd largest solar PV installed capacity in Europe and is looking to make headways in the offshore wind segment. The RE space is seeing global players like European Energy A/S, Sonnedix, Octopus Investments Ltd, and Copenhagen Infrastructure Partners KS investing in the country, making giant steps towards sustainability and zero-carbon generation.”

Do you specialise in Solar PV? We want to hear from you!

960 640 Stuart O'Brien

Each month on Energy Management Briefing we’re shining the spotlight on a different part of the market – and in September we’ll be focussing on Solar PV Solutions.

It’s all part of our ‘Recommended’ editorial feature, designed to help energy management buyers find the best products and services available today.

So, if you’re a supplier of Solar PV Solutions and would like to be included as part of this exciting new shop window, we’d love to hear from you – for more info, contact Lisa Rose on 01992 374077 / l.rose@forumevents.co.uk.

Our features list in full:

Sep – Solar PV
Oct – Lighting
Nov Heating & Ventilation
Dec – Utility Management

EDF’s solar PV expansion in UK ‘to provide impetus for economic recovery’ amid COVID-19

960 640 Stuart O'Brien

French utility EDF is launching a major solar-plus-battery storage hybrid initiative in the UK as part of its plans to increase its installed renewable base.

Analyst house GlobalData anticipates that this is likely to provide a boost to its solar portfolio in the country and also act as a green stimulus to the stagnant economy, which is now slowly resuming activities.

Somik Das, Senior Power Analyst at GlobalData, said: “EDF renewables has been a key player in the wind sector in the UK, however, it has not performed significantly in the solar PV sector. GlobalData’s figures suggest that more than 800MW of active wind plants are owned by the company in the UK, however, there is a notable abcense of the company in the solar sector. With this initiative, EDF Renewables would be able to strengthen its solar foothold and become a noteworthy player in both areas.”

Looking at ways to expand the current renewables portfolio in the UK, the EDF Group plans to have a 50GW renewables portfolio by 2030 becoming Europe’s market leader in clean energy.

Das concluded: “COVID-19 provided an opportunity to successfully produce electricity by minimizing the use of coal in the generation mix for over a month. It has supported the country’s target of decommissioning coal-based power plants by 2025, which might now be brought a year ahead. This is expected to reduce emissions, which had already seen a drop by 42% last year. EDF’s initiative is likely to aid the cause and help in achieving the country’s net-zero target.”

Do you specialise in Solar PV? We want to hear from you!

960 640 Stuart O'Brien

Each month on Energy Management Briefing we’re shining the spotlight on a different part of the market – and in September we’ll be focussing on Solar PV solutions.

It’s all part of our ‘Recommended’ editorial feature, designed to help energy management buyers find the best products and services available today.

So, if you’re a supplier of Solar PV solutions and would like to be included as part of this exciting new shop window, we’d love to hear from you – for more info, contact Lisa Rose on 01992 374077 / l.rose@forumevents.co.uk.

Here are the areas we’ll be covering in 2019, month by month:

September – Solar PV
October – Lighting
November – HVAC
December – Water Strategy

For more information on any of the above, contact Lisa Rose on 01992 374077 / l.rose@forumevents.co.uk.

Image by Jukka Niittymaa from Pixabay