funding © Iberdrola Investments Norway's sovereign wealth fund invests millions in solar parks in Spain 05/02/2024 - Norges Bank Investment Management, manager of the Norwegian sovereign wealth fund Government Pension Fund Global, has signed an agreement to acquire a 49 percent stake in a 644 MW solar portfolio of the Spanish power producer Iberdrola S.A.. © R.Power Investments Poland: Financing for 59 MW PV projects secured by R.Power 04/29/2024 - R.Power together with PKO Bank Polski S.A.have signed a credit agreement valued at nearly 190 million PLN to finance the construction of a portfolio of solar power plants located in Poland, with a total capacity of 59 MW, under a project finance formula. © EBRD EBRD/Eiffel €45 million joint loan for 16 solar power plants in Poland 04/23/2024 - The European Bank for Reconstruction and Development (EBRD) and French asset manager Eiffel Investment Group (Eiffel) are supporting the development of solar energy generation in Poland by extending a joint loan of €45 million to PL-SUN Sp.z.o.o. © IRENA Energy transition Major utilies intent to raise renewable capacity by 2.5 times to 2030 04/23/2024 - The Utilities for Net Zero Alliance (UNEZA) adopted the UNEZA Roadmap to 2030, which targets a total increase of renewable energy capacity within their portfolios to 749 GW by 2030, an increase of 2.5 times relative to 2023. © P.Power PPA R.Power with long-term power purchase agreements in Portugal 04/22/2024 - R.Power Group has announced the signing of 10-year power purchase agreements from its PV project portfolio in Portugal. The contract covers PV farms located in seven central Portuguese locations. © IB Vogt Financing Spain: Solar PPA of Apple and IB Vogt 04/19/2024 - IB Vogt has signed a Power Purchase Agreement (PPA) with Apple to provide solar power with a capacity of 105 MW from a project in the province of Segovia, Spain. © Jinko Solar SolarPower Europe New report: Oman solar investments opportunities 04/19/2024 - A new report of SolarPower Europe offers key insights into the Omani solar sector, and opportunities for international investment. The country will need to install minimum 13 GW solar by 2030. © Margriet Fotografie Financing How long will European producers last? 04/12/2024 - Despite the fact that the prices of solar panels have not dropped any further, there is certainly no price recovery yet. As a result, the selling price gap between European and Chinese solar panels remains so large that European producers are in serious trouble, according to Gerard Scheper, CEO of European Solar. "European producers are at a standstill and will certainly not be able to keep that up for another six months." © Oxford PV European Commission Co-programmed research partnership for solar announced 04/10/2024 - The European Commission has published its ‘Horizon Europe Strategic Plan 2025-2027,’ where it decided to form an official Co-Programmed European Partnership for solar with the European Technology and Innovation Platform (ETIP PV). © Eurelectric Antwerp Declaration Joint initiative for a competitive decarbonized European industry 04/09/2024 - The electricity industry and energy intensives join forces to boost Europe’s industrial competitiveness in a net-zero economy. © Flower Energy storage Flower purchases Sweden`s largest battery park from OX2 04/08/2024 - Flower acquires Sweden`s largest battery park, Bredhälla, from the solar and wind power company OX2. It provides ancilliary services for grid stability. © Solar Promotion Energy policy Nuclear power is outdated, expensive and harmful 04/05/2024 - The recent kick-off meeting of the "Nuclear Alliance" in Brussels is a signal of backward-looking thinking. It is wrong, expensive and fuels energy from the day before yesterday. Only renewable energies such as wind and solar energy have a future, says Markus Elsässer, CEO of Solar Promotion GmbH. © Belectric Renewables 2024 Global Status Report Capital costs for renewables increasingly unequal globally 04/04/2024 - Policy responses to geopolitical developments and global commitments accelerated the deployment and use of renewable energy in 2023, especially in the power sector. Though finance and infrastructure remain a major challenge, according to the Renewables 2024 Global Status Report (GSR 2024) © Jann Lipka Financing Sweden: Green tax credit reaches its peak 03/27/2024 - In 2023, over 200 000 Swedish homeowners received a tax reduction for the installation of green technologies. They invested a total of SEK 22 billion, 80% more than in 2022 (SEK 12 billion). But in 2024, a decline is expected. © Velka Botička/Data: PV Xchange Solar modules Module prices continue to spiral downwards 03/21/2024 - Solar modules are becoming cheaper and cheaper. This applies to both standard and efficient modules. The expected stabilisation has failed to materialise or is at least a long time coming. © Solnet Group Appointments Simo Hakkarainen to become Head of Utility-Scale PV at Solnet Group 03/08/2024 - Solnet Group has appointed Simo Hakkarainen as the new Head of Utility-Scale PV to drive the growth of the company group’s solar utility business. © Solarwatt Financing Malta expands promotion of renewables 03/04/2024 - The Maltese government is making €4,800,000 available for the introduction of renewable energy systems in households, Malta Today reports. © Aggreko Battery Energy Storage Systems Exploring the role of BESS in achieving net zero 02/20/2024 - Aggreko, an industrial energy solutions provider, has been exploring the significance of Battery Energy Storage Systems (BESS) as a component in advancing towards net zero. Thus they have gained insights into the benefits and challenges of BESS, and offer solutions for overcoming possible barriers. © BayWa re Renewable energy procurement New record for corporate renewable PPAs in Europe 02/09/2024 - There was unprecedented growth in 2023 in the European corporate power purchase agreement (PPA), with companies procuring a record number of new renewable energy capacity of 10.4 gigawatts. © RWE Financing Greece: RWE and PPC building PV projects with nearly 1 GW 02/08/2024 - RWE and PPC continue to forge ahead with Greece’s energy transition through their joint venture company Meton Energy S.A. The company has taken the final investment decision for the construction of an additional 450 MW PV park in the country. © European Union 2024 SolarPower Europe Praise for EU climate and industry policy 02/07/2024 - SolarPower Europe praises the EU Zero-Industry Act and the proposed EU 2040 climate targets. © European Energy Poland Cooperation for Power-to-X development 02/02/2024 - European Energy, in partnership with the municipalities of Barwice and Grzmiąca, has initiated a project to explore the development of Power-to-X in Poland. © Aerocompact Financing Trilantic Europe acquires a majority stake in Aerocompact 01/31/2024 - Trilantic Europe has acquired 60 per cent of the shares in Aerocompact. The assembly system manufacturer wants to grow faster with fresh capital. © Jinko Solar BloombergNEF Record clean energy investments globally 01/31/2024 - Global investment in the low-carbon energy transition surged 17% in 2023, reaching $1.77 trillion, according to BloombergNEF. But there is still a huge investment gap for net zero. © Eldrive EIB €40 mio. loan for charging networks in Bulgaria, Lithuania and Romania 01/29/2024 - The European Investment Bank (EIB) has signed a €40 million loan to the Austrian-registered Eldrive Holding to install 8 472 electric vehicle (EV) charging stations in Bulgaria, Lithuania and Romania over the next three years. Show more