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All articles of topic funding

© IRENA
Energy transition

Major utilies intent to raise renewable capacity by 2.5 times to 2030

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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.

© EBRD
EBRD/Eiffel

€45 million joint loan for 16 solar power plants in Poland

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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.

© P.Power
PPA

R.Power with long-term power purchase agreements in Portugal

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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

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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

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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?

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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SolarPower Europe praises the EU Zero-Industry Act and the proposed EU 2040 climate targets.

© European Energy
Poland

Cooperation for Power-to-X development

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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

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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

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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

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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.

© Flaxres/Lohse
 Recycling

Korean investment in German PV recycler Flaxres

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A large Korean and globally networked trading company has acquired a minority stake in the German PV recycler Flaxres, thereby establishing a strategic partnership for significant non-European markets.

© EWS
Pricing

Has the fall in prices for solar modules come to an end?

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Prices for solar modules have continued to fall. But this could soon change. There are various reasons for this.