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Marina, co-founder of WIDE ANDCO, has always been passionate about entrepreneurship. After learning to code, she realised there was a real need to train women…
Founded in 2001, “Société Luxembourgeoise des Energies Renouvelables S.A. (Soler)”, in which SEO (Société électrique de l’Our S.A.) and Enovos Luxembourg S.A. each hold a 50 percent stake, is responsible for project development, planning, construction and operation of facilities that generate power from renewable energy sources.
In Luxembourg, most of the renewable energy produced comes from wind power.
In addition to operating run-of-river hydroelectric plants in Esch-Sauer, Rosport and Ettelbrück, Soler S.A. has launched and currently operates 8 wind farms in Luxembourg.
In fact, wind energy is one of the main instruments permitting Luxembourg to meet European climate targets.
Absolutely! Spuerkeess has pursued a policy of promoting sustainable and renewable forms of energy for many years now – both within and outside our company. In October 2019, Spuerkeess also became the first bank in the financial hub of Luxembourg to sign the United Nations’ Principles for Responsible Banking.
By doing this, we are committed to playing our part in achieving the United Nations’ Sustainable Development Goals as well as those of the Paris Climate Agreement.
My colleagues in the Corporate Banking unit and I are extremely proud to have been able to advise and assist Soler S.A. in this area ever since the company was founded and to witness first-hand how it continues to evolve.
Yes, our eighth wind farm went operative at the beginning of 2021 on the "Reibierg", within the municipality of Garnich. Building work started in early 2020 and a first facility of the wind farm already fed green electricity into the local network by the end of 2020.
The project, christened "Wandpark Garnich S.A.", includes the construction of two wind turbines with a total installed output of 6,4 MW. Together, both turbines will generate on average around 16 GWh per year, enough to cover the electricity consumption of 3.595 households or around 14.380 people. This will allow us to save around 10.400 tonnes of CO2 each year.
Soler will give the municipality of Garnich and its residents a financial stake in the company Wandpark Garnich S.A. after one year of operations.
Detailed environmental and wind studies are carried out both locally and regionally before the approval procedures, construction and operations are planned out. Spuerkeess is involved in this process from the planning stage to provide clarification about financing options.
For Soler, it is vital that all projects comply with national noise and shadow flicker limits as well as protecting the environment. Soler prides itself on delivering wind farm projects based on partnership. This means staying in regular contact with local community officials and residents in the areas concerned during development, construction and the eventual operations, and enabling residents to acquire participations in the wind farms.