Today’s renewable energy news includes announcements on Voltalia, Low Carbon, SmartestEnergy, X-ElA Energy, among others.
EBRD Backs 50 MW Solar Plant Development in Albania
The European Bank for Reconstruction and Development (EBRD) is financing a 50 MW solar power plant in Akerni, Albania, developed by France’s Voltalia. This is Albania’s first utility-scale solar project developed through a public-private partnership (PPP). The project supports the country’s strategy to diversify energy sources and reduce reliance on hydropower, which currently dominates the national energy mix. EBRD’s investment includes a long-term loan that helps accelerate private sector participation in Albania’s renewable energy sector. The plant will use advanced photovoltaic technology to deliver clean, reliable electricity to the national grid. Key benefits include enhanced energy security, reduced carbon emissions, improved climate resilience, and alignment with EU renewable targets, while supporting economic development and job creation in the region.
Low Carbon, SmartestEnergy Sign PPAs for 300 MW UK Solar Portfolio
Low Carbon and SmartestEnergy have signed route-to-market power purchase agreements (PPAs) for a 300 MW portfolio of solar projects in the UK. The long-term PPAs will enable Low Carbon to sell clean electricity from its solar assets into the market while supporting the UK’s renewable energy goals. The agreement aligns with Low Carbon’s strategy to build over 20 GW of renewable capacity by 2030. SmartestEnergy will provide market access and trading expertise, ensuring price certainty and revenue stability. The portfolio will feature advanced solar technology to maximize efficiency and grid compatibility. Benefits include enhanced investor confidence, decarbonization of the power sector, long-term energy cost savings, and increased renewable supply for corporate and industrial energy consumers.
X-ElA Energy Cleared to Build IBM-Backed Solar Plant in UK
X-ElA Energy has received approval to construct a new solar power plant in the UK, which will supply electricity under a long-term corporate power purchase agreement (PPA) with IBM. The plant, located in the East Midlands, is expected to support IBM’s sustainability goals by providing clean, locally generated energy. This project is part of X-ElA’s strategy to develop renewable energy assets with direct corporate partnerships, enhancing energy traceability and decarbonization. It will feature modern photovoltaic technology to ensure high performance and reliability. Benefits include reduced carbon emissions, stable energy costs for IBM, and support for the UK’s net-zero targets. The project also demonstrates growing interest in corporate-backed renewable energy as part of broader ESG and energy transition strategies.
GreentechLead.com News Desk