May 16, 2020

Golub, CIM group look to build 1,400-foot skyscraper in Chicago

Golub & Co.
CIM Group
Jonathan Dyble
1 min
According to Bisnow, US real estate and investment firm Golub & Co., in partnership with CIM Group, have announced plans to build Chicago’s second...

According to Bisnow, US real estate and investment firm Golub & Co., in partnership with CIM Group, have announced plans to build Chicago’s second tallest skyscraper, standing at 1,422-feet.

The skyscraper would be part of a redevelopment project, located on the parking lot that is positioned slightly east of Chicago’s Tribune Tower.

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The unnamed building will be approximately 29 feet shorter than the city’s tallest existing building Willis Tower, accommodating a 200-room hotel, 125 condominiums and 439 apartments, spanning 11,000 square feet, says Golub Executive Vice President Lee Glub, Bisnow reports.

The meeting that saw the announcement of the plans to build the skyscraper also discussed a planned redevelopment of the Tribune Tower, home of leading media outlet the Chicago Tribune, with a positive response received in regard to the design and proposal of the 1,422-foot building.

It is expected that construction work will begin in early 2020, should the proposed 96-story project gain the relevant and necessary regulatory approval.

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Jul 28, 2021

Sonnedix starts construction of 50MW solar plant in Spain

Dominic Ellis
2 min
Sonnedix Los Frailes will be built on an 111-hectare site and marks the company's largest project in Spain

Sonnedix has started building a 50MW solar PV plant in Badajoz, Spain.

Sonnedix Los Frailes will be built on a 111-hectares, becoming the largest project built by the IPP in the country, where it has operated since 2010. With over 110,000 monocrystaline solar panels, the project will connect through a transmission line to the Vaguadas substation.

During construction, Sonnedix will create approximately 250 new jobs in Badajoz, in line with its ESG standards and commitment to improving the life of the local community.

Once operational, Sonnedix Los Frailes, which is being developed in collaboration with Viridi RE group, will produce approximately 102,000 MWh per year, capable of powering more than 36,500 homes with clean electricity and avoiding over 24,000 tons of CO2.

Axel Thiemann, CEO of Sonnedix, said: “We are excited to start the construction of our largest project to date in Spain, a milestone that highlights both our strong commitment to the Spanish market, and our potential to expand our platform worldwide. We are very proud of our hard-working and committed team in Spain, which has doubled in the last year, and we look forward to continue developing and acquiring solar PV projects in the country, playing an important role in the energy transition, as well as the post-pandemic economic recovery.”

Last June 2020, Sonnedix signed a 10-year Power Purchase Agreement (PPA) with Europe´s largest producer of renewable energy and leading PPA provider Statkraft for the supply of 100 GWh of energy per year, making it the IPP’s first PPA for a grid-parity project in Spain.

Sonnedix is one of the leading solar IPPs in Spain, with over 1GW of capacity, including 365MW operational, 50MW under construction, and a development pipeline of over 600MW. Currently it has almost 2GW under operation or construction across eight countries, plus more than 2GW in the pipeline.

According to SolarPower Europe, Spain is expected to have a total installed solar PV capacity of 29GW by 2024 in the medium scenario, making it the second largest solar market in Europe. Renewables produced 50.7% of Spain’s electricity in May, generating 10% more gigawatt-hours year-on-year.

The Spanish National Energy and Climate Plan (NECP) targets 74% of renewable electricity generation and 39.2 GW of PV capacity by 2030.

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