Repowering specialist Cube Green Energy has acquired a 125MW onshore wind and solar portfolio comprising 12 projects in Europe.
The latest set of acquisitions by Cube Green Energy during 2023 are predominantly in its core markets of Germany and France, increasing the energy producer’s installed capacity to 150MW of operating assets.
This portfolio has repowering potential of over 300MW and development work is well underway as Cube Green Energy looks to replace the older and less efficient wind turbines with the latest highly efficient power generation technology.
Once repowered, the project sites will provide clean energy to over 200,000 households in Germany and France.
At the repowering sites, Cube Green Energy will also be implementing the co-location of PV solar and utility-scale battery storage to maximise the energy fed into the local grid.
Cube Green Energy is also currently actively pursuing over 1500MW of potential onshore wind and PV solar farms in various stage of development across continental Europe, including Germany, France, Italy, Spain and Poland.
2023 has also seen Cube Green Energy expand its team, including hiring in France and Spain, and opening offices in Hamburg and Madrid to complement its existing offices in Berlin and London.
Raghuveer Kurada, chief executive of Cube Green Energy, said: “2023 has been a memorable year for Cube Green Energy as we expanded our renewable asset portfolio in Germany and France and progressed our repowering strategy.
“The rapid deployment of high efficiency renewable energy assets across Continental Europe remains a key priority of government policy and utility-scale battery storage will be critical to ensure grid stability and the provision of 24/7 renewable power.
“Cube Green Energy is proud to play a role in contributing towards this critical mission.”