Today’s renewable energy news includes announcements on Econergy, Mars, Skuodas wind project, Ming Yang, among others.
Econergy Secures €31 mn Financing for 60MW Ovidiu Solar Project in Romania
Econergy Renewable Energy has secured a €31 million project finance agreement with Kommunalkredit to support its 60MW Ovidiu solar PV project in Romania. The project is currently under construction, with funding covering development and construction costs while also refinancing existing shareholder loans. The deal highlights innovation through integrated project financing and the planned addition of a battery energy storage system (BESS), enhancing the project’s flexibility and enabling efficient energy management once operational. Key benefits include increased renewable energy capacity, reduced carbon emissions, and strengthened energy security in Romania. The hybrid solar-plus-storage approach will also improve grid stability and optimize energy utilisation. With a strong customer focus, the project ensures reliable, cost-effective clean electricity supply, supporting businesses and communities while contributing to long-term sustainability. The agreement marks Econergy’s second financing partnership with Kommunalkredit, reinforcing investor confidence and supporting its growing renewable portfolio in Romania.
Mars Signs PPA for 158MW Skuodas Wind Project in Lithuania
European Energy has signed a long-term power purchase agreement (PPA) with Mars covering most of the output from the 158MW Skuodas onshore wind project in Lithuania. The project is expected to generate around 490GWh annually, with bundled guarantees of origin included in the agreement, and is targeting commercial operation by 2028. The partnership highlights innovation through corporate-backed PPAs that enable large-scale renewable project financing while ensuring traceable green energy supply. The agreement will support the project’s financial close and accelerate its development. Key benefits include the avoidance of approximately 120,000 tonnes of CO₂ emissions annually, increased domestic renewable capacity, and strengthened Lithuania’s energy security and sustainability goals. With a strong customer focus, the PPA ensures reliable, long-term renewable electricity supply for Mars’ regional operations while supporting new clean energy infrastructure, delivering cost stability and environmental value for businesses and communities.
Ming Yang Secures TUV NORD Certification for 18.5MW Offshore Wind Turbine
Ming Yang Smart Energy has achieved a key milestone as TUV NORD issued an initial certificate for its MySE 18.5-260 offshore wind turbine. The certification confirms the structural stability and design reliability of the 18.5MW turbine, which features a 260-metre rotor diameter and is built for global deployment. The development highlights innovation in next-generation offshore wind technology, with ultra-large turbine capacity designed to maximise energy output and efficiency while reducing the levelised cost of energy (LCOE) in large-scale offshore projects. Key benefits include increased power generation per turbine, fewer installations required per project, and enhanced cost efficiency, supporting faster expansion of offshore wind capacity and reduced carbon emissions. With a strong customer focus, the certification ensures safe, reliable, and high-performance turbine deployment, giving developers and investors confidence in large-scale offshore projects while delivering consistent, cost-effective renewable energy.
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