Connection

popular articles

Alternus and Hover finalize three new wind microgrid contracts
Google and Energix join forces for 1.5 GW of solar power in the USA
Geothermal innovation: the Geretsried Project by CHUBU and Eavor in Bavaria
Companies struggle to maintain their investments in decarbonization
Israel in Talks with Cyprus on ‘Possible Cooperation’ in Energy

Acquisition of JBM Solar: RWE strengthens its solar and storage capacities

RWE has strengthened its solar and storage capabilities by acquiring JBM Solar. With this acquisition, RWE takes control of a pipeline of mature projects with a combined capacity of 6.1 GW, positioning the company among the three largest solar developers in the United Kingdom.

Please share:

RWE announced the acquisition of JBM Solar with a team of about 30 professionals. This acquisition allows RWE to significantly accelerate its solar development in the UK and to position itself among the top three developers in the country.

A 6.1 GWac solar and battery storage development pipeline

With the acquisition of JBM Solar, RWE obtains a mature pipeline with a combined capacity of approximately 6.1 GWac, split between 3.8 GWac of solar projects and 2.3 GWac of battery storage. Most projects are located in the central and southern regions of England and a large proportion already have grid connections and secure land. A number of projects are ready for a final investment decision and have obtained the necessary approvals from the relevant authorities. The first solar energy storage projects could be operational as early as late 2024, averaging about 450 MWac per year.

Well positioned in the UK renewable energy market

Katja Wünschel, CEO of Onshore Wind and Solar Europe & Australia at RWE Renewables, said the acquisition significantly strengthens RWE’s position in the UK renewable energy market. She also emphasized that growth in solar and battery storage capacity is a priority for the UK government, with a five-fold increase in targeted solar capacity over the next 13 years, from 14 GW today to 70 GW by 2035. The government is also targeting an ambitious expansion of battery storage, with capacity expected to more than quadruple by 2026.

An investment of 50 billion euros by 2030

RWE has ambitions to grow its green baseload business internationally and plans to invest more than €50 billion by 2030, including about €15 billion for the UK market. The company already has a strong presence in wind power in the UK, with a combined capacity of over 2.6 GW (RWE pro-rata) comprising 10 offshore and 33 onshore wind farms in operation. With other offshore wind projects under construction or in development and commercial floating wind projects in the pipeline, RWE has one of the largest offshore wind pipelines in the UK.

Register free of charge for uninterrupted access.

Publicite

Latest news

COP29: China’s Rejection Triggers a Deadlock on Climate Financing
Cordemais Coal Plant: Worker Strike Highlights Uncertain Future
Strategic Alliance Between Russia and Iraq: Stabilizing Oil Prices Through OPEC+
Gazprom-OMV Dispute: A Test of Resilience for European Energy Diplomacy
The Export Ambitions of Vaca Muerta: Challenges and Realities in Argentina’s Energy Diplomacy

Recently published in

The GR-eco Islands Program: An Innovative Model for the Energy Transition of Greek Islands

The GR-eco Islands program, launched by the Greek government, transforms the country’s islands into models of energy autonomy and sustainability through renewable energy and technological innovations. A flagship initiative in the fight against climate change.
HoloSolis and its partners revive the French photovoltaic industry with an ambitious gigafactory
A consortium of key players, led by HoloSolis, is developing a gigafactory in Hambach to produce 10 million solar panels annually, meeting European energy transition goals and strengthening French industrial sovereignty.
en_1140533540
HoloSolis and its partners revive the French photovoltaic industry with an ambitious gigafactory
A consortium of key players, led by HoloSolis, is developing a gigafactory in Hambach to produce 10 million solar panels annually, meeting European energy transition goals and strengthening French industrial sovereignty.
en_1140533540
Scatec finalizes the sale of three solar power plants in South Africa
Scatec has completed the sale of stakes in the Kalkbult, Linde, and Dreunberg solar power plants, generating a total gain of ZAR 2.4 billion and retaining a buyback option in 2034.
en_1140531540
Scatec finalizes the sale of three solar power plants in South Africa
Scatec has completed the sale of stakes in the Kalkbult, Linde, and Dreunberg solar power plants, generating a total gain of ZAR 2.4 billion and retaining a buyback option in 2034.
en_1140531540
Amcor and Power Roll Announce a Revolutionary Photovoltaic Film
Amcor and Power Roll join forces to launch a lightweight, flexible, and cost-effective photovoltaic film, offering an innovative alternative to traditional solar panels and paving the way for sustainable energy solutions.
en_1140510540
Amcor and Power Roll Announce a Revolutionary Photovoltaic Film
Amcor and Power Roll join forces to launch a lightweight, flexible, and cost-effective photovoltaic film, offering an innovative alternative to traditional solar panels and paving the way for sustainable energy solutions.
en_1140510540

A Chinese Solar Panel Factory to Create 450 Jobs in France

DAS Solar, a Chinese company, will open its first European factory in the Doubs region in 2024, creating 450 to 600 jobs as part of a strategic €109 million investment.
Conflict Over Agrivoltaics in Corrèze: Controversial Accusations Lead to Complaint
In Corrèze, agricultural unionists filed a complaint after being accused of using "Nazi methods" during a protest against an agrivoltaics project, reigniting debates over the use of agricultural land.
en_1140493540
Conflict Over Agrivoltaics in Corrèze: Controversial Accusations Lead to Complaint
In Corrèze, agricultural unionists filed a complaint after being accused of using "Nazi methods" during a protest against an agrivoltaics project, reigniting debates over the use of agricultural land.
en_1140493540
Vietnam: A Fintech Platform Simplifies Solar Financing for Businesses
Solarvest and Finhero launch a solution to streamline access to solar project financing for Vietnamese businesses, addressing specific financial needs.
en_1140502540
Vietnam: A Fintech Platform Simplifies Solar Financing for Businesses
Solarvest and Finhero launch a solution to streamline access to solar project financing for Vietnamese businesses, addressing specific financial needs.
en_1140502540
CCE inaugurates its largest solar power plant in Europe: 40 MWp installed capacity in Romania
CCE Holding inaugurated the Horia 1 photovoltaic power plant, with a capacity of 40 MWp. Located in the Arad region, it is now the company’s largest solar installation in Europe, supplying 17,000 households with renewable energy.
en_1140477540
CCE inaugurates its largest solar power plant in Europe: 40 MWp installed capacity in Romania
CCE Holding inaugurated the Horia 1 photovoltaic power plant, with a capacity of 40 MWp. Located in the Arad region, it is now the company’s largest solar installation in Europe, supplying 17,000 households with renewable energy.
en_1140477540

Neoen wins 164 MWp of solar projects in France, strengthening its energy leadership

Neoen has secured 7 solar and agrivoltaic projects totaling 164 MWp as part of France's PPE2 tenders. These new installations will bring its secured capacity to over 2.5 GW, consolidating its leadership in the sector.
Masdar and SOCAR finalize financing for 760 MW solar projects in Azerbaijan
Masdar and SOCAR Green have closed the financing for two solar parks with a total capacity of 760 MW in Azerbaijan, a strategic project valued at USD 600 million and supported by multiple international financial institutions.
en_1140481540
Masdar and SOCAR finalize financing for 760 MW solar projects in Azerbaijan
Masdar and SOCAR Green have closed the financing for two solar parks with a total capacity of 760 MW in Azerbaijan, a strategic project valued at USD 600 million and supported by multiple international financial institutions.
en_1140481540
Arctech SkyWings: A Revolution for the World’s Largest Solar Plant on Mining Land
Arctech SkyWings enables the world's largest solar plant in a mining area to cut CO₂ emissions by 4.7 million tons annually while optimizing energy production through innovative and sustainable technologies.
en_1140488540
Arctech SkyWings: A Revolution for the World’s Largest Solar Plant on Mining Land
Arctech SkyWings enables the world's largest solar plant in a mining area to cut CO₂ emissions by 4.7 million tons annually while optimizing energy production through innovative and sustainable technologies.
en_1140488540
NextPower UK ESG surpasses 500 MW milestone with new solar acquisition
NextPower UK ESG, a private solar fund, reaches 515.5 MW capacity by adding Locks Solar Farm to its portfolio. This acquisition enhances its ESG impact and strengthens its role in the UK’s energy transition.
en_1140464540
NextPower UK ESG surpasses 500 MW milestone with new solar acquisition
NextPower UK ESG, a private solar fund, reaches 515.5 MW capacity by adding Locks Solar Farm to its portfolio. This acquisition enhances its ESG impact and strengthens its role in the UK’s energy transition.
en_1140464540

France: The retail sector opposes mandatory photovoltaic canopies

The decree mandating photovoltaic canopies in parking lots has drawn criticism from the retail sector, which highlights technical and financial challenges despite the implementation deadlines set for 2028.
CHN Energy launches China’s first 1 GW floating offshore solar park
Chinese energy giant CHN Energy has inaugurated a 1 GW floating offshore solar park near Dongying, combining technological innovation and aquaculture to diversify its energy solutions and strengthen the country’s ecological transition.
en_1140429540
CHN Energy launches China’s first 1 GW floating offshore solar park
Chinese energy giant CHN Energy has inaugurated a 1 GW floating offshore solar park near Dongying, combining technological innovation and aquaculture to diversify its energy solutions and strengthen the country’s ecological transition.
en_1140429540
TÜV Rheinland strengthens its commitment to U.S. solar energy with SEIA membership
TÜV Rheinland joins the Solar Energy Industries Association (SEIA) to support the U.S. solar industry with innovative services aimed at increasing the reliability and profitability of sustainable energy projects.
en_1140424540
TÜV Rheinland strengthens its commitment to U.S. solar energy with SEIA membership
TÜV Rheinland joins the Solar Energy Industries Association (SEIA) to support the U.S. solar industry with innovative services aimed at increasing the reliability and profitability of sustainable energy projects.
en_1140424540
Citicore signs a 2 GW solar module supply agreement with Trinasolar in the Philippines
Citicore Renewable Energy Corporation (CREC) has signed a 2 GW agreement with Trinasolar to supply its solar projects, aiming to support the Philippines' renewable energy ambitions.
en_1140392540
Citicore signs a 2 GW solar module supply agreement with Trinasolar in the Philippines
Citicore Renewable Energy Corporation (CREC) has signed a 2 GW agreement with Trinasolar to supply its solar projects, aiming to support the Philippines' renewable energy ambitions.
en_1140392540

Clearway cancels solar projects in Hawaii due to Hawaiian Electric’s financial risks

Clearway cancels solar projects in Hawaii due to Hawaiian Electric's financial risks
ENGIE secures $82 million loan to support its solar projects in South Africa
ENGIE receives $81.7 million funding from the AIIB to accelerate its renewable energy initiatives in South Africa, aiming to bolster its expanding solar portfolio on the continent.
en_1140305540
ENGIE secures $82 million loan to support its solar projects in South Africa
ENGIE receives $81.7 million funding from the AIIB to accelerate its renewable energy initiatives in South Africa, aiming to bolster its expanding solar portfolio on the continent.
en_1140305540
FREYR Battery acquires Trina Solar’s U.S. solar facilities to strengthen national production
FREYR Battery announces the acquisition of Trina Solar’s U.S. production facilities, marking a step toward vertical integration of solar production in the United States.
en_1140313540
FREYR Battery acquires Trina Solar’s U.S. solar facilities to strengthen national production
FREYR Battery announces the acquisition of Trina Solar’s U.S. production facilities, marking a step toward vertical integration of solar production in the United States.
en_1140313540
FTC Solar signs a one-gigawatt partnership for solar trackers with Dunlieh Energy
FTC Solar has entered a strategic agreement to supply over one gigawatt of solar trackers to Dunlieh Energy, starting with a 500 MW project in Nebraska, offering substantial economic benefits for the region.
en_1140267540
FTC Solar signs a one-gigawatt partnership for solar trackers with Dunlieh Energy
FTC Solar has entered a strategic agreement to supply over one gigawatt of solar trackers to Dunlieh Energy, starting with a 500 MW project in Nebraska, offering substantial economic benefits for the region.
en_1140267540

The three essential steps to accelerate the global energy transition toward a sustainable future

Faced with pressing climate challenges, the Global Energy Scenarios 2024 report highlights three crucial steps to achieve carbon neutrality: strengthening renewable energy, electrifying industrial sectors, and addressing residual emissions.
Sungrow equips one of Brazil’s largest solar projects
Solar inverter provider Sungrow has announced the supply of equipment for a major solar power plant in Brazil, with a capacity of 902 MWp, aiming to provide clean energy to a million households by 2025.
en_1140206540
Sungrow equips one of Brazil’s largest solar projects
Solar inverter provider Sungrow has announced the supply of equipment for a major solar power plant in Brazil, with a capacity of 902 MWp, aiming to provide clean energy to a million households by 2025.
en_1140206540
China: Turfan surpasses 10 billion kWh of energy for the first time
With a solar project integrating thermal storage and photovoltaics, Turfan in Xinjiang surpasses 10 billion kWh of annual production from renewable energy sources, marking a milestone in local energy transition.
en_1140203540
China: Turfan surpasses 10 billion kWh of energy for the first time
With a solar project integrating thermal storage and photovoltaics, Turfan in Xinjiang surpasses 10 billion kWh of annual production from renewable energy sources, marking a milestone in local energy transition.
en_1140203540
Hydro-Québec: 300 MW of Solar Energy Soon Available Through New Tenders
Hydro-Québec plans to diversify its energy sources by launching two tenders for an additional 300 MW of solar energy. This initiative supports Quebec's 2050 carbon neutrality goal.
en_1140196540
Hydro-Québec: 300 MW of Solar Energy Soon Available Through New Tenders
Hydro-Québec plans to diversify its energy sources by launching two tenders for an additional 300 MW of solar energy. This initiative supports Quebec's 2050 carbon neutrality goal.
en_1140196540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS