European Energy

Mitsubishi HC Capital, a Japanese investment firm, has become the second-largest shareholder in Danish renewable energy developer European Energy A/S by acquiring the equivalent of 75 million shares. Knud Erik Andersen, the CEO of European Energy, says the transaction more than triples the company’s equity.

Warnings about the need to decentralize Ukraine’s electricity grid, made 10 years before the Russian invasion, fell on deaf ears at the time. In the wake of war, nations across Eastern and Central Europe are alive to the risks embodied in traditional energy networks.

Danish renewable energy developer European Energy has acquired a majority stake in a 3.6 GW integrated solar and battery energy storage facility. Being developed in the Australian state of Queensland, the proposed facility will be used as a green hydrogen production plant.

South Korean industrial giant Hanwha launched its new Q Energy business over the summer, and is moving forward with an ambitious strategy of energy projects across the European continent. pv magazine caught up with Sang Chull Chung, CEO of Q Energy Group, for a look at its plans to accelerate deployment of renewables to alleviate Europe’s energy challenges.

Re-Source 2021 in Amsterdam has kicked off and the pivotal timing of the event has not been lost on any of the attendees or speakers. It is the time to kickstart the energy transition, and following the European Commission’s endorsement of corporate renewable PPAs as a solution to surging energy prices, this is the room where it could happen.

The shallow pilings used on solar farms can offer relief to subsoil structures which might otherwise be threatened by regular plowing and, as Italy’s biggest solar project has demonstrated, site surveying for PV projects can unearth hidden delights.

A 103 MW solar park built by Danish developer European Energy has been connected to the grid after a year of construction work. The project had been started in 2011 and at one stage appeared doomed, when a national feed-in tariff program ended.

European partners have submitted a joint proposal to use EU-made solar modules and wind turbines to power green hydrogen for use by heavy industry. The partners hope to secure designated status and backing from the bloc’s deep coffers.

The Danish developer has bought the right to build a 123 MW plant in Troia, in the southern Italian region of Apulia. The project was initiated in 2011 and is the largest Italian PV project to have secured all necessary approvals. European Energy plans to start construction this year.

Danish developer European Energy has secured a 12-year agreement from Axpo Italia, the local unit of Swiss energy provider Axpo. Around half the 300 MW of solar projects the company is developing in Italy are now ready to build.