Iberdrola inaugurates 496-MW Saint-Brieuc wind farm offshore France
Sep 19, 2024 16:25 CESTIDB Invest, the private sector arm of the Inter-American Development Bank Group, said on Wednesday that it is supporting the development of a solar and hydrogen energy project in Barbados alongside the International Finance Corporation (IFC), a member of the World Bank Group.
The project in question is proposed by French fuels distributor Rubis SCA (EPA:RUI) and hydrogen energy specialist Hydrogene de France SA (EPA:HDF), which have set out to build a 50-MW solar farm with green hydrogen and lithium-ion battery storage to supply firm power to the Barbadian grid.
The facilities will form the Renewstable power plant, a type of plant based on a proprietary concept developed by HDF that combines renewable energy generation, long-term hydrogen storage and batteries. One of the features of the Renewstable Barbados is that it will also host a large sheep farm.
IDB Invest said that its role has been to provide advisory services to ensure the environmental and social impact assessment of the Renewstable Barbados project would comply with IFC’s standards. IFC, under a collaboration agreement, will provide solar resource assessment, geotechnical and hydrological studies, and environmental life-cycle assessment, strengthening the bankability of the project for international investors to finance its construction in 2023.
Rubis became the majority owner of Renewstable Barbados after acquiring a 51% stake in the project from HDF earlier this year.
Iberdrola inaugurates 496-MW Saint-Brieuc wind farm offshore France
Sep 19, 2024 16:25 CESTNacap to build hydrogen pipeline for AGA’s Aussie green ammonia project
Sep 19, 2024 16:03 CESTKKR fund increases tender offer price for Greenvolt
Sep 19, 2024 15:32 CESTStatkraft connects 44.5-MW solar farm to grid in Spain
Sep 19, 2024 15:28 CESTBlueFloat, China’s Dajin to partner on floating wind supply chain
Sep 19, 2024 15:04 CESTDeutsche Windtechnik wins turbines maintenance contract in Sweden
Sep 19, 2024 14:55 CEST