Dutch utility Eneco to double solar and wind capacity to 2.5GW in five years

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Image: Eneco.

Dutch energy firm Eneco is aiming to ramp up its solar energy portfolio in both the Netherlands and Belgium as part of an updated strategy aimed at accelerating the energy transition.

After adding 202MW of renewables in 2020, the company is looking to double its solar and wind capacity to 2.5GW in the next five years.

The announcement comes a year after Mitsubishi Corporation and Chubu Electric Power completed their €4.1 billion (US$4.5 billion) acquisition of Eneco. The utility said collaboration between its new shareholders has been valuable in drawing up the strategy.

Eneco’s recent solar developments have seen it partner with online retailer Bol.com, installing 13,000 panels at a distribution centre in the Netherlands, while a new deal with Coca-Cola in the country will see the utility provide power from the de Wildert solar farm to the drinks firm as of next year.

Publishing its 2020 financial results, Eneco revealed that its electricity sales were down, in part due to the COVID-19 pandemic resulting in empty offices and less travel by train. “Therefore we had to sell back energy volumes at lower market prices,” the company said. Revenue was down 4.2% year-on-year to €4.15 billion (US$4.93 billion).

Although electricity revenue fell in Belgium and the Netherlands, this was offset by new customers in Germany following the company’s acquisition of E.ON Heizstrom.

Against a background of ongoing changes in the role of European and national authorities, legislation and regulations, Eneco said it will not issue a results forecast for this year.

Read Next

September 8, 2021
Online retail giant Amazon has signed a 10-year corporate power purchase agreement (PPA) in Japan with Mitsubishi Corporation for the output from 22MW of solar PV plants. 
August 31, 2021
Azure Power is on track to increase its operating solar capacity by at least a third this fiscal year following a first quarter that saw the independent power producer (IPP) return to profitability.
August 23, 2021
Solar construction firm iSun expects to double its revenue in 2021 compared to last year despite supply chain delays and labour shortages impacting its Q2 performance.
August 17, 2021
US solar and storage installer Sunworks has seen its second quarter revenue surge following its acquisition of peer Solcius earlier in the year.
August 13, 2021
Maxeon Solar Technologies has said it may face manufacturing disruptions if it is unable to mitigate the impacts of raw material and component cost increases from its suppliers.
August 3, 2021
PV inverter manufacturer SolarEdge Technologies posted record quarterly revenues in Q2, thanks in part to a strong performance in Europe.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK
Solar Media Events
December 1, 2021