Today’s renewable energy news include announcements on European Energy, Octopus Energy, ILOS Projects, Hyundai Mobis, among others.
European Energy Unveils Second Hybrid Renewable Site in Sweden
European Energy has begun developing its second hybrid renewable energy park in Sweden, located in Grevekulla, Ydre municipality. The site will combine wind and solar power, optimizing land use and grid infrastructure. The wind farm, with six turbines totaling 36 MW, will be complemented by a 38 MWp solar park. The combined generation is expected to power around 28,000 households annually. Construction will start within three weeks, following environmental assessments and approvals, marking a significant step in expanding Sweden’s renewable energy capacity.
Octopus Energy Invests in South Korean Solar Projects
Octopus Energy Generation has entered the South Korean renewable energy market by partnering with local developer Skygreen Energy to develop up to 20 small- to medium-sized solar farms over the next two years. This initiative aligns with Octopus’s strategy to expand its renewable energy footprint in Asia, following similar investments in Japan and Australia. The collaboration aims to support South Korea’s transition to clean energy and contribute to its carbon neutrality goals
Omnes Capital Sells Majority Stake in ILOS Projects
Omnes Capital, through its Capenergie 4 fund, has sold a 60 percent stake in ILOS Projects, a pan-European solar and storage developer, to an undisclosed buyer. ILOS Projects, co-founded by Omnes and ILOS New Energy, has developed a significant pipeline of solar and battery storage projects across Europe. This strategic exit allows Omnes to realize returns from its investment while enabling ILOS Projects to continue its growth under new majority ownership. The transaction underscores the increasing investor interest in Europe’s renewable energy sector.
Hyundai Mobis Develops Battery System with Built-in Fire Safety Feature
Hyundai Mobis has introduced a new electric vehicle (EV) battery system equipped with a built-in fire extinguishing function. This technology detects signs of overheating or fire in a battery cell and automatically releases a fire-extinguishing agent to prevent the spread to neighboring cells. It is designed to meet global EV safety regulations, including in Europe, China, and India, which require at least a five-minute delay in thermal runaway. The system improves EV safety by containing potential fires early.
GreentechLead.com News Desk