The latest renewable energy news includes announcements from Gulermak, Canada Infrastructure Bank, Nordic Solar, Hanningfield solar project in Essex, and others.
Gulermak Secures £35 Million NORD/LB Loan for 48 MW UK Solar Farm
Gulermak Renewables has secured a £35 million construction facility from NORD/LB for the 48 MW Hanningfield solar project in Essex, its first UK project financing. Hanningfield has a 20-year Contract for Difference awarded through Britain’s Allocation Round 7, covering 100% of expected generation, while ElectroRoute will provide route-to-market services under a 10-year PPA. Commercial operation is targeted for August 2027. Founded in 2023, Gülermak Renewables has a European development portfolio exceeding 400 MW across solar, onshore wind and battery storage. The non-recourse financing provides the capital required to move Hanningfield through construction toward electricity generation.
Canada Infrastructure Bank Backs Wind-Storage Project at Gold Mine with $14.4 Million Loan
The Canada Infrastructure Bank will provide approximately $14.4 million in financing for a combined wind-power and battery-storage project serving a Canadian gold mine. The development will replace part of the mine’s fossil-fuel electricity consumption with locally generated renewable power while battery storage will help manage variable wind output and mining loads. Mining operations in remote locations frequently depend on diesel or other fuel-based generation because grid connections are limited, making renewable-plus-storage systems a practical route to lowering both fuel use and emissions. The CIB financing represents a completed project-finance milestone rather than an early development proposal and provides capital to move the wind and storage infrastructure toward implementation.
Nordic Solar Adds Battery Storage to 100 MW Lithuanian Solar Park
Nordic Solar is adding battery energy storage to its 100 MW Moletai solar park in Lithuania, converting one of the country’s largest photovoltaic facilities into a hybrid renewable asset. The Moletai plant uses more than 150,000 solar panels and has generation capacity corresponding to annual electricity consumption of approximately 28,000 European households. Adding a battery will allow Nordic Solar to store part of the plant’s production rather than exporting all generation immediately, improving flexibility and enabling electricity to be dispatched during periods of stronger demand. The investment represents a physical upgrade to an operating solar asset and illustrates the accelerating European shift from standalone photovoltaic plants toward co-located solar-storage projects.