In mid-2000s, a group of Norwegian entrepreneurs wanted to devote their efforts in the fledgling renewable sector in emerging markets. NBT AS was thus incorporated in 2004 and soon turned its eyes to the then-starting Chinese market.
After several years of endeavors, NBT commissioned Baicheng Wind Farm in Jilin Province, China, in early 2011, with an installed capacity of 50 MW. This project was the first wind power project that obtained non-recourse project financing in China, through HSBC and the Bank of Communications, with a total investment of RMB 600 million.
Later in 2011 and in 2012, NBT commissioned the Linxi I and II wind farms, located in Inner Mongolia, through a joint venture with China Datang Corporation Renewable Power Co Ltd, a major publicly-listed, utility-scale renewable energy company in China. The Linxi investments totalled RMB 850 million.
In 2018, NBT acquired Syvashenergoprom LLC, a wind farm company located in Kherson, Ukraine, with a 3 MW wind farm in operation. By the spring 2021 the Syvash Wind Farm was generating electricity having been developed from 3 til 247,5MW project. A land mark project being one of the biggest wind farm projects in Ukraine. With 62 WTG and a load factor of 41.5% a 895GWh of clean energy will be produced annually. The project has been developed together with Total Eren. The focus on sustainability was part of the project planning all the way and was chromed that the company in 2019 got the Sustainable Energy Bronze Award from the European Bank, one of the investors.
2021 is a great year for Emergy in Ukrain, starting up one wind farm, embarking on a new challenge – the even bigger wind farm project Zophia. Fully constructed, it will be one of the biggest wind farms globally with a total capacity of 792.5 MW. The first two phases will start construction July 2021 will be a 337.5MW project with a load capacity of 41.6% (Zophia I) and 42.9% for Zophia II. Delivering 1.25GWh from December 2022.
These operations make NBT the second largest wind power developer and operator in Ukraine as well as the largest Norwegian investor in the country.
2021 is an exiting year, not only based on the project, but also because the company – as a prolonging in their strategy focus towards working in emerging countries in South East Europe decided to change name to Emergy. Emergy signals a commitment to sustainable and renewable energy
Emergy gives clear associations with the word energy. Energy of the sustainable and renewable kind, which is the common denominator for all the company`s initiatives.
Emergy emphasize the focus of growing in emerging growth markets, as a start in south-east Europe.
The word emergy is also a technical term, measured in em – as energetic and responsible are our values, it is already a part of our DNA.
The company name Emergy therefore reflects both the company`s strategy and the opportunities we see in the renewable sector in the longer term. At the same time, the name in which we operate, and for our owners and shareholders. Those who invest in our company, those who invite us into projects in their countries and communities, those who collaborate with us in our initiatives – they should all know that Emergy delivers what the name stands for:
Renewable, sustainable energy solutions in emerging growth markets.
Emergy is continuously assessing project opportunities in other emerging markets in South East Europe, Serbia being the next country.
Where we are
We enjoy great success with our current land based wind farms.
Our strategy the coming years is to concentrate on South-East Europe. The geopolitical consequences of Europe erecting a new “green curtain” to countries that we champion would be significant. Especially in countries where energy is a geopolitical commodity and renewable energy is supported by the governments. The pressure to match the EU ambitions agenda is severe as most of their trade is conducted with Europe and taxation of . We want to use our expertise to bring renewable energy the countries we are working in, with a focus of making sustainable stories.