3.4 Investigations in the course of insolvency proceedings.3.3 Insolvency of Prokon Regenerative Energien GmbH.3.2 Warnings from the press and consumer protection.In July 2015, the company was converted into a cooperative. The company, which was founded in 1995 as a corporation ( GmbH ), offered various forms of capital investment from 1998 and raised a total of 1.45 billion euros in debt capital until its insolvency in 2014, which received great public attention. It also acts as an energy supplier by marketing the wind power generated. After the turn of the millennium until 2015, it was also active in other areas of renewable energy and in the development of its own wind power plant. The company primarily develops and operates its own but also third-party wind farms and has 362 of its own wind turbines in Germany and Poland with a total installed output of 663.7 megawatts (as of June 2018). In November 2019, Saft said it had been awarded a 21MW / 6.6MWh project by wind developer and operator TuuliWatti in Finland and another Finnish company, Fortum, said in 2018 that it was deploying a 6.2MWh system at a hydropower plant in Sweden.The Prokon Renewable Energies eG (proper spelling PROKON, 2016 PROKON ), established in Itzehoe ( Schleswig-Holstein ) is the largest energy cooperative in Germany, with 39,000 members. Energy-Storage.news has reported on a handful of other grid-scale projects, such as Vattenfall’s plan to develop a 1MWh lithium-ion pilot project to come online this year in Sweden. The 30MWh Lappeenranta BESS looks set to be the largest such system in the Nordic countries so far. According to Neoen regional director Christoph Desplats-Redier, partners including Fingrid and the municipality of Lappeenranta had helped make it possible to “kick-start this innovative project”. The plant will be sited in the south-east of Finland, near the city of Lappeenranta.įinland is targeting carbon neutrality at a national level by 2035 and Neoen said the Yllikkälä Power Reserve One battery system will help facilitate the grid-integration of future renewable energy projects, as well as helping boost system reliability and lower the costs of stabilising the grid today. Yesterday, Neoen announced that the new battery project, Yllikkälä Power Reserve One, will help grid operator Fingrid by supplying fast-acting frequency regulation services to Finland’s national electricity system. Google signed a PPA for the output of electricity from that plant as well. This followed on from another wind farm project in Finland for the Neoen-Prokon partnership, an 81MW plant in Hedet, which began generating power this year. Tech giant Google has signed a 130MW power purchase agreement (PPA) with Neoen and Prokon for energy from the Mutkalampi facility, which is set to come online by the end of next year. The plant will eventually have a generation capacity of up to 250MW. Neoen last year bought 80% ownership of a Finnish wind farm, Mutkalampi, from its local development partner Prokon Finland – a subsidiary of German renewable energy cooperative Prokon Regenerative Energien. The company is also behind the biggest PV project in France to date, the 300MWp Cestas project.
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The France-headquartered company famously partnered Tesla on the Hornsdale Power Reserve project in South Australia, which at 150MW / 193.5MWh is currently the largest such operational lithium-ion battery storage project in the world.
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Independent renewable energy asset producer Neoen will build a 30MW / 30MWh grid-connected battery energy storage system (BESS) in Finland to help integrate the growing capacity of local wind energy.