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NKT begins installation of SuedLink power cable project in Germany

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Power cable manufacturer NKT has started the installation of a 518 km high-voltage direct current (HVDC) power cable system for TenneT’s SuedLink project. The 525 kV cables will connect northern Germany’s renewable energy sources to the southern industrial regions, supporting Germany’s energy transition strategy, Energiewende. Tim Meyerjürgens, TenneT’s chief operations officer, highlighted the milestone, stating that the pull-in of the first 37 km of the 700 km route demonstrates the project’s progress. The $11 billion…

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Lhyfe partners with KEYOU for hydrogen mobility in Germany

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Lhyfe has signed a Memorandum of Understanding (MoU) with KEYOU to promote hydrogen mobility in Germany and Europe.  Lhyfe is constructing a green hydrogen production plant in Schwäbisch Gmünd, near Stuttgart, scheduled to be operational by year-end.  The plant will produce up to 4 tonnes of green hydrogen daily, powered by a 10 MW renewable energy capacity secured through a 15-year corporate PPA with EDP Renewables. KEYOU plans to deploy up to 100 hydrogen-powered vehicles…

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BP considers selling minority stake in offshore wind division

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BP is exploring the sale of a minority stake in its offshore wind division to offset the substantial development costs associated with its projects, as reported by Reuters. This move follows shareholder pressure over BP’s 2020 energy transition strategy, as profits from renewables have fallen while oil and gas margins have risen. The company has engaged Bank of America to identify potential partners as it seeks to reduce its financial burden in the growing offshore…

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RWE, TotalEnergies partner for 4 GW offshore wind projects off German coast

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RWE has partnered with TotalEnergies to develop two offshore wind projects with a combined capacity of 4GW off the coast of Germany. TotalEnergies will acquire a 50% equity stake in both projects, marking a significant collaboration in renewable energy. The projects, identified as N-9.1 and N-9.2, are located between 110km and 115km northwest of Borkum Island. Each site has a potential capacity of 2GW. Investment decisions are expected in 2027 for N-9.1 and 2028 for…

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Germany could save millions in fuel costs with more energy storage: Ember

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According to a report by energy think tank Ember, Germany could have avoided nearly €2.5 million in natural gas imports in June 2024 alone if it had 2GW more battery storage – a 20% increase from current levels. The additional battery capacity would have allowed for shifting midday solar power to the evening, displacing 36 GWh of fossil fuel power. Energy storage technologies are critical for capturing electricity generated from intermittent sources like solar and…

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Encavis and Innovar Solar partner to develop 500 MW of solar capacity in Germany

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Encavis AG and Innovar Solar GmbH have entered into an agreement to jointly develop 500 MW of solar projects in Germany. The agreement follows a continuous development model, ensuring that new projects are initiated as existing ones advance. If any projects fail to reach the ready-to-build stage within a set timeframe, they will be replaced by new ones to maintain the target capacity. Earlier this year, Encavis also expanded its renewable portfolio by acquiring a…