Nala Renewables

We’re very happy to share the news that Mike O'Neill will be joining Nala Renewables as our CEO on 20th January 2025.   Mike brings 30 years of experience in the renewable energy sector, helping to advance large-scale renewable energy projects globally. Mike has a strong track record in leading and expanding energy businesses across various markets and parts of the value chain including development, M&A and investments, finance and operations.   The entire team look forward to welcoming Mike and having the benefit of his vast experience, drive and direction as we start another prosperous Nala year. For the full release click here: https://lnkd.in/ekn99WGh Julian Johnson Tola Ogunlesi Will Herlinger Rémy VEROT Stephen Riley Trafigura IFM Investors

We are committed to finding meaningful ways to engage with our local partners and stakeholders. We are pleased to share a Spanish translation of our recently published annual Sustainability Report covering our 2023 business activities, which can be found here https://lnkd.in/esgcyvim   This version is intended primarily, though not exclusively, for our stakeholders in Chile. Highlights from the region during 2023 include: People and communities: Supporting people and communities is integral to the work we do at Nala. Our social engagement initiatives at our project in Arica have achieved positive outcomes for local communities and serve as a template for future project engagement in the country. Supporting the energy transition in Chile: We brought our first 17 MW of solar PV into operation. By the end of 2024, we expect to significantly increase the number of projects under construction and operation, further advancing the transition to clean power for Chilean businesses and communities. Climate resilience: We assessed climate hazards for our Chilean projects through to the 2050s using climate projection data from the CMIP6 run of the IPCC models for the SSP2-4.5 and SSP5-8.5 emission scenarios. Based on this assessment, we developed bespoke adaptation plans for each project. Nik Stone Enrique Ariztia Nordheimer #esg #decarbonisation #sustainability #renewables #arica

We are thrilled that construction work has begun on the Green Breeze 99.2MW (16*Vestas 162 6.2MW) wind park located in Galati, #Romania and to mark the occasion with a ground-breaking ceremony alongside our partners OX2.   “We are delighted to mark this important milestone for one of Nala’s largest projects to date. We will be overviewing the construction and operation of this 99.2MW onshore wind park through our active construction and asset management teams. Romania is one of Nala’s core markets with a solid outlook for #renewables and an investment grade rated country with strong government support for renewables. This also contributes to Europe’s energy independence and goals towards a more sustainable future. This achievement is a testament to the hard work of our team and demonstrates our ability to secure contracted assets and capitalise on the increased demand for renewable energy power purchase agreements from multinational organisations. We look forward to continuing this momentum in the coming months in Romania and the broader #CEE region,” said Rémy VEROT, COO at Nala Renewables.   Nala acquired the project in August this year with commissioning expected at the end of 2025. Green Breeze construction will be led by Ruben Sanchez Castro and is forecasted to produce 312GWh annually, representing the annual electricity consumption of an estimated 51,000 households and contributing to a reduction of about 150,000 tons of CO2 #emissions per year.   #Galati #energy #wind #sustainability #renewableenergy #decarbonisation Panagiotis Bourtsalas Catherine Wu Vasco Bouça Vitorio Nedas Matulevicius Calum Adamson Angus Grant Anu Onifade Will Herlinger Chiara Princi Cindy Nasser Nik Stone

It was a pleasure working with such a creative and efficient team to publish Nala's first annual Sustainability Report. The end result is something the entire team is proud of and has set a very high bar for next year!

We are delighted to present our first annual Sustainability Report, covering our activities in 2023. This is an important milestone in the Nala journey that gives us a firm foundation upon which to continue to build the business. 2023 was very much about establishing our principles, practices and how our business strategy aligns with the UN Sustainable Development Goals. Our highlights include: - Climate mitigation: Our operational projects produced around 24,000 MWh of zero-carbon-at-source power and we estimate that this served the equivalent of around 2,000 households and avoided around 13,000 tonnes of CO2 equivalent emissions. - People and communities: This is integral to the work we do at Nala, from our internal team to the communities in which we operate. We have introduced policies to ensure our diverse team are supported and undertaken social engagement work at our projects such as in Arica, Chile. Looking to the future, responsible investing principles will remain a core part of our strategy as the ESG landscape becomes progressively complex and stakeholder expectations increase. Sustainability reports, such as this, are important part of how we communicate our approach and achievements to our broad range of stakeholders. You can read the full report here https://lnkd.in/esgcyvim Nik Stone Will Herlinger Rémy VEROT Tola Ogunlesi Julian Johnson #sustainability #renewableenergy #decarbonisation #esg

Incredibly proud of the Nala Renewables finance team for being shortlisted as the Energy & Natural Resources Finance Team of the year in the London and South East Finance Awards 2024. Congratulations Chiara Princi and each and every member of the best finance team in the industry. #L&SEFinanceAwards #LondonFinance #RenewableEnergy #EnergyTransition #Sustainability

Happy to have visited one of our operating projects in #Belgium. This 25MW - 4h duration #BESS asset storing 100MWh and generating c.42,000 MWh supplying c. 2400 #household with #electricity is one of the largest operating #BESS in #Belgium. At Nala Renewables, we firmly believe that we must build flexibility into the system in order to maintain grid stability and guarantee a continuous supply of electricity during the day on the #Belgian #Network. In addition, Nala Renewables conducts regular site visits, safety walks and in depth inspections ensuring that we continuously deliver the highest standards in terms of #HSE and #Operational #Quality. #BESS #Storage #energytransition #decarbonising #Operations #Belgium #Network #Grid

We are thrilled to announce that we have acquired a 99.2 MW onshore wind project from OX2, a leading company in the development and construction of renewable energy solutions active across Europe and Australia. The project is located in eastern-Romania and is expected to start construction during Q3 2024.   The project will consist of 16 Vestas V162-6.2 MW™ wind turbines and is expected to be commissioned during the first half of 2026. It is expected to support Nala's contribution to the UN Sustainable Development Goals by generating around 312 GWh of clean energy per year, representing the energy use of around 51,000 households, as well as saving approximately 150,000 tonnes of CO2 equivalent emissions per year*. The deal reached by Nala with OX2 includes a 12-year PPA with a multinational corporate offtaker, negotiated and structured by both Nala and OX2, providing Nala with material revenue security.   “We are very pleased to sign our first wind project with OX2 with whom we have built a long-term partnership over the past months. This is a flagship transaction for Nala and also demonstrates our ability to secure contracted assets and capitalize on the increasing demand for renewable energy PPA’s from multinational organizations”, said Rémy VEROT, COO of Nala Renewables.   “We would like to thank OX2 for their efforts and co-operation during this transaction and we look forward to working with a suite of world-class partners to bring the project through construction and into operations,” said Panagiotis Bourtsalas, Investment VP at Nala Renewables. For the full press release please visit https://lnkd.in/eQZ_eAqA   William Herlinger Rémy VEROT Tola Ogunlesi  Julian Johnson  Panagiotis Bourtsalas Angus Grant  Catherine Wu  Vasco Bouça Vitorio  Anu Onifade  Calum Adamson  Nedas Matulevicius #sustainability #renewableenergy #decarbonisation

We are delighted to announce Nala’s expansion into Lithuania through our acquisition of 34MWp operational solar PV portfolio from renewable energy group GREEN GENIUS.   In addition, we have signed an agreement with Green Genius for Nala to acquire a further 45MWp of PV projects in the near-term that are expected to increase the total size of the portfolio to 79MWp, and further extending Nala’s presence in CEE and the Baltics.   This will support Nala's contribution to the UN Sustainable Development Goals by generating around 96,000MWh of clean energy per year from the full 79MWp portfolio, representing the energy use of around 9,500 households, as well as saving approximately 20,000 tonnes of CO2 equivalent emissions per year.   For the full press release, please read here: https://lnkd.in/eQEnRpTc William Herlinger Rémy VEROT Tola Ogunlesi Julian Johnson Michael Stevenson, CFA Catherine Wu Eren Ulusoy #sustainability #renewableenergy #decarbonisation

https://lnkd.in/d5S7EBWt We are excited to announce that we have signed an agreement with renewable energy group, Monsson, to acquire a 61 MWp solar PV project located in Western Romania.   This will support Nala's contribution to the UN Sustainable Development Goals by generating around 80,000 MWh of clean energy per year, representing the energy use of around 13,000 households, as well as saving approximately 39,000 tonnes of CO2 equivalent emissions per year!   Monsson William Herlinger Rémy VEROT Tola Ogunlesi Julian Johnson #sustainability #renewableenergy #decarbonising