German railway company Deutsche Bahn is securing the transition to a completely green power supply. Starting in 2023, Statkraft's hydropower from Norway will make the traction current mix in Germany even more sustainable.
The Mågeli hydroelectric power plant in southern Norway is set to supply Deutsche Bahn with almost 190 gigawatt-hours of green electricity annually for a ten-year period. It is all made possible by the Nordlink North Sea cable, which has provided a direct connection between the Norwegian and German power grids since April 2021.
The total volume of renewable power delivered under the contract will be enough to cover the energy needs of the roughly 40,000 trains in Germany every day for around a week. Compared with electricity from coal-fired power stations, the hydroelectric power from Norway will save up to 146,000 tonnes of CO2 per year.
Country updates
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July 15, 2021
Everfuel and OKQ8 to cooperate on Swedish hydrogen station network
Everfuel Sweden AB, a fully owned subsidiary of Everfuel A/S and OKQ8 has entered into a cooperation agreement for joint development of the green hydrogen market in Sweden by establishing a network of...
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June 30, 2021
Infranode fund reaches final close, exceeds EUR1bn target
Nordic-based infrastructure manager Infranode has reached a final close on its second fund, Infranode II, with over EUR1.2 billion (US$1.4 billion) of capital commitments. The fund significantly excee...
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June 25, 2021
Aquila Fund increases its commitment in 400 MW The Rock wind project in Mosjoen
Aquila European Renewables Income Fund plc (AERIF) has increased its potential commitment in The Rock wind farm by up to EUR 35.6 million (US$42.5 million) in order to bridge the company's share of ex...
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June 17, 2021
Taaleri’s SolarWind II reached final close with EUR354mn commitment
The Taaleri SolarWind II fund has exceeded its target size of EUR 300 million (USD362.77 million) with a final closing of EUR354 million (US$431.08 million) in total commitments. The fund’s anch...
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June 08, 2021
TenneT launches EUR1.8bn green bonds for interconnection projects
Dutch transmission grid operator (TSO) TenneT has placed green bonds in a triple-tranche placement worth EUR1.8 billion (US$2.19 billion), which aims to finance interconnection projects in the Netherl...
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