Higher Power PV Modules Drive Up BOS Costs

Europe’s wind farms will soon face a wave of critical end-of-life decisions, with almost 30% (86 GW) of the region’s installed wind capacity approaching 20 years of operation by 2030, according to a new report from Shoreline Wind, the premier provider of digital planning and simulation solutions for the wind industry.

The report, Triple Jump: Wind’s Repowering Opportunities, explores the difficult decision facing owners whether to repower projects with modern turbines, extend the lifetime of ageing assets expecting declining returns, or fully decommission sites. 

The report canvases wind industry leaders from across Europe and argues that repowering could become one of the fastest ways to increase Europe’s renewable electricity output, if the many challenges, including project finance, permitting, and extending land lease agreements can be overcome.  

“Everyone’s always asking: what is better? Is that life extension or is that repowering? … People may just want to repower because the opportunity to get more energy from that capex is more valuable. They could have extended but, economically, if they make a bigger investment now then they’ll make more money. That’s what they’re trying to get to the bottom of,” said Pierre-Etienne Claveranne, Managing Director at Green Giraffe, who contributed to the report.

This wave of ageing assets means developers and investors must decide whether to repower projects with modern turbines, extend the operational life of existing assets, or fully decommission sites. Each pathway brings its own financial, regulatory and technical challenges.

David Guzman Vazquez, Senior Consultant for Wind, Solar and Storage at OWC, a contributor to the report, said: “We’re seeing people, even as early as the development stage, saying ‘what can we do now to give us the best chance of lifetime extension when we reach the end of that 20-year lifetime?’ At OWC, we are quite heavily involved in supporting clients in their O&M strategy, OPEX maintenance reserves, and what can be done at an early stage as well as later in life in terms of inspections and additional repairs to give turbines the greatest opportunity of lifetime extension.”

While repowering offers significant opportunities, offshore businesses are already establishing best practices for extension and decommissioning. Insights from industry participants including Eneco illustrate how operators are already evaluating their options for early offshore projects such as Princess Amalia Wind Farm, where key permits and lease agreements are due to expire later this decade.  

“Especially offshore, you see a lot of corrosion on the secondary steel, so you have to do calculations to see if the fatigue load is still within the limits of the design loads. Together with a certification company, we can see how much remaining useful life is left on the construction, bolted connections and components,” said Dominique van den Langenberg, Senior Project Manager at Eneco.

The report examines how wind farm owners are approaching end-of-life strategies across both onshore and offshore projects. It highlights several factors shaping these decisions, including regulatory frameworks for repowering, the condition and performance of existing assets, supply chain constraints and the availability of vessels and specialist equipment for offshore work.

The report also highlights the growing role of digital technology in supporting end-of-life decision-making. Advanced planning and simulation tools can help project owners model different scenarios — simulating the operation output of a repowered site with new turbines, modelling the decline in operational output for extended sites as well as more demanding O&M requirements, and finally managing the complete decommissioning, including the recycling of blades and other components according to local regulations.

“Digital systems can help developers simulate energy output from repowered projects, optimise construction and logistics planning, and support efficient operations and maintenance strategies for ageing assets”, said Wojtek Nodzynski, Enterprise Sales Director at Shoreline Wind.

“With a large share of Europe’s wind fleet approaching 20 years of operation, developers need clear insights to make informed decisions. Digital planning tools can play a crucial role in helping the industry maximise value from existing sites while minimising delays and operational risk”, added Wojtek.

As Europe seeks to expand renewable power generation to meet long-term climate goals, the choices made about ageing wind farms could play a significant role in shaping the next phase of the region’s energy transition.

Shoreline Wind’s white paper is available for download from their website: https://shorelinewind.com/downloads/wind-repowering-opportunities-report 

Shoreline Wind | https://shorelinewind.com/

PowerBank Corporation (“PowerBank” or the “Company“), a leader in North American energy infrastructure development and asset ownership, is pleased to announce that it has executed a lease agreement on a 5 MW AC hybrid solar plus battery energy storage  project known as the NY-Conklin Hill Rd project (the “Project”), in upstate New York. The Project is expected to be eligible for incentives under the New York State Energy Research and Development Authority (“NYSERDA“) NY-Sun Program and the Retail Storage Incentive Program.

The rapid growth of wind and solar power and the rising demand for electricity from data centers are making batteries a necessity. They store surplus renewable energy for when it’s not windy or sunny, and maintain a balance between energy supply and demand. There has been a 90 percent drop in the cost of batteries over the last 15 years as new factories have come on line, resulting in significant growth in this sector globally.

The Company is in the process of initiating the preliminary screening analysis as part of the interconnection process. Assuming receipt of interconnection approval, the Company will work to complete the permitting process and secure the necessary financing for the construction of the Project.

Once completed, the Project will likely be operated as a hybrid community solar plus energy storage project. Community solar is a solar project with access to the local electricity grid. Once the project is connected and generating electricity, energy from the site feeds into the local power grid. Depending on the size and number of panels the project has, dozens or even hundreds of renters and homeowners can save money from the electricity that is generated by the project. By subscribing to a project, an electricity customer can earn credits on their electric bill every month from their portion of the solar that’s generated by the project, accessing the benefits of solar and energy storage without installing any equipment at their location. This allows electricity customers to realize a reduced cost per kilowatt-hour from the power they consume versus standard utility rates.

PowerBank’s proven expertise, with over 100 MW of completed projects and a development pipeline exceeding 1 GW, underpins the project’s execution. Strategic partnerships and institutional-grade development capabilities position PowerBank to deliver reliable, high-impact renewable energy solutions.

The Project advances New York’s path to 10 GW of distributed solar and 6GW of energy storage by 2030. The State leads the United States in community solar capacity, having achieved the New York State Climate Act 6 GW solar goal in the fall of 2024.  

PowerBank Corporation | www.powerbankcorp.com

KiNRG, Inc., whose focus is to become a leading provider of clean efficient green energy and green hydrogen, announced that on March 31, 2026, the Company signed a Stock Purchase Agreement (SPA) with TRINITY Construction Group, Inc., which is a private general contractor based in Herndon, Virginia. 

Terms of the Transaction
Under the terms of the Stock Purchase Agreement (the "SPA"), the Company acquired 100% of the issued and outstanding capital stock of TRINITY. The aggregate purchase price was $8,200,000, consisting of (i) $1,000,000 in cash, (ii) 4,200,000 shares of the Company's common stock, par value $0.0001 per share, and (iii) a promissory note in the principal amount of $3,000,000.

The Acquisition closed on April 1, 2026. As a result, TRINITY is now a wholly owned subsidiary of the Company.

"The completion of this acquisition represents an important step forward for KiNRG," said Ron Pickett, Chief Executive Officer of KiNRG, Inc. "We believe that integrating TRINITY's infrastructure development capabilities with our energy strategy positions us to pursue opportunities in data center and related markets. TRINITY's experience supporting large-scale mission-critical infrastructure projects enhances our ability to compete in these sectors."

"Together, we can offer creditworthy data center developers fully customized, build-to-suit facilities paired with reliable, long-term energy at a fixed price for the tenants. We believe this is an approach that not only simplifies deployment but also strengthens financing through stable power agreements. This model positions KiNRG to generate both near-term value through construction and sustained, recurring returns from our energy platform. Simply put, this acquisition aligns perfectly with our strategy and creates a powerful foundation for long-term growth."

TRINITY Group Construction | https://www.trinitygc.us/

KiNRG | https://www.kinrg.com/

Ideematec Inc., a leading provider of utility-scale solar tracking systems, has executed agreements with Parliament Energy (PEH) to supply its Horizon L:TEC 1P trackers for three upcoming projects totaling 1.2 GWac. Parliament Energy is a U.S. independent power producer sponsored by EnCap Investments L.P. and Mercuria Energy. The projects are part of Parliament Energy’s 2.1 GWac portfolio, ranging in size from 285 MWac to 505 MWac, and are diversified across Texas.

Ideematec previously partnered with Parliament Energy on the 480 MWac Parliament Solar Project near Houston, which began operations in June 2025. The next project in the portfolio to begin tracker installation is Tehuacana Creek Solar, a 505 MWac project located south of Dallas, Texas. The remaining two projects are expected to begin tracker installation in mid 2026.

Ideematec’s Horizon L:TEC 1P tracker is designed to withstand high winds and severe weather conditions, making it well-suited for the Texas market. The system features patented decoupled drive technology, advanced hail stow protection, and the ability to withstand wind speeds of up to 224 mph, as verified by CPP testing.

“Our proven performance in hurricane-prone regions, combined with our advanced hail stow design, gives PEH confidence that our L:TEC 1P system can withstand both high winds and hail—even when occurring simultaneously,” said Philipp Klemm, CEO of Ideematec Inc. “We are excited to expand our collaboration with PEH and support the delivery of gigawatts of clean energy across Texas.”

IDEEMATEC | www.ideematec.com

Parliament Energy | www.parliamentenergy.com

EnCap Investments | http://www.encapinvestments.com

Mercuria | www.mercuria.com

JLL’s US Energy and Infrastructure Advisory team announced that it has arranged the sale of a two-project 1.8 GWh battery energy storage portfolio in Utah.

JLL acted as the exclusive sell-side advisor for Accelergen Energy in the sale of 100% of the equity interests to DESRI. 

The portfolio consists of two development-stage energy storage projects that will add to DESRI’s 12+ GW existing portfolio of solar, wind and battery energy storage projects across the U.S. These projects are strategically sited and developed within the Salt Lake City load pocket to support grid reliability and help meet increasing capacity needs from substantial load growth and forecasted generation retirements in the region.  

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

Accelergen Energy | www.accelergen.com

DESRI | https://desri.com

JLL | jll.com

RINA, a global ship classification, inspection, certification and consulting engineering group, has signed a Memorandum of Understanding (MOU) with Hanwha Group, through its key affiliates Hanwha Power Systems (now Hanwha Power), Hanwha Aerospace, and Hanwha Engine, with the aim of promoting the adoption of advanced battery hybrid propulsion systems in the maritime sector, particularly in the Ro-Ro ferry segment.

The collaboration aims to accelerate the transition to low-emission vessels by leveraging innovative technologies that enable the shift from traditional internal combustion propulsion systems to advanced hybrid battery solutions, both for newbuilds and, through retrofitting, for vessels already in service. By combining the hardware expertise of the three Hanwha companies with RINA’s certification know‑how, the partners aim to deliver a comprehensive solution.

The partnership brings together Hanwha’s advanced expertise in propulsion, energy storage, and systems integration with RINA’s strong regulatory and certification know-how, fostering the development and adoption of next-generation propulsion solutions.

Hanwha Power Systems will act as the project’s lead integrator, overseeing overall ship design and system interface development. By bringing together Hanwha Aerospace’s marine Energy Storage System and Hanwha Engine’s propulsion‑engine technologies through its own engineering capabilities, the company will deliver an advanced battery‑hybrid propulsion vessel.

Hanwha Aerospace will enhance safety and reliability by applying aerospace energy technologies to marine ESS solutions. Meanwhile, Hanwha Engine, will utilise its expertise in medium‑speed engines to optimize the propulsion system to maximize fuel efficiency and minimize carbon emissions.

RINA will play a key role in verifying and certifying the regulatory compliance and technical soundness of the project, for both classification and statutory certification purposes. Additionally, drawing on its extensive experience in the ferry sector, RINA will support Hanwha in analyzing market trends within this specific segment.

Simone Manca, North Asia Marine Vice President at RINA, commented, “This agreement reflects the increasing pace of innovation required to meet the maritime sector’s decarbonisation targets. By combining RINA’s expertise in classification and regulatory compliance with Hanwha’s advanced technological capabilities, we are ideally positioned to promote safe, efficient, and scalable hybrid propulsion solutions for the global fleet.”

Kim Hyoung-Seog, Head of the Marine Solutions Business Division at Hanwha Power Systems, stated, “This collaboration brings together Hanwha’s core capabilities across energy‑equipment, battery systems, and engine integration creating strong technological synergy. Through our partnership with RINA, we will secure reliable technologies and strengthen our presence in the global eco‑friendly vessel market.”

RINA | www.rina.org