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The Acuity Law with Purpose team. Clockwise from top left – Senior Associate Sean Chapman James, Partner Steve Morris, Partner Declan Goodwin, CEO Tessa Laws, Partner Claire Wheatley and Partner Frances Nunn.

Legal partnership to drive global green energy investment

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Acuity Law has formed a joint venture with Purpose Law to promote sustainable energy investment and development between the UK and key international markets, including Europe, North Africa and the Middle East.

Lining up to invest: The solar sector in Morocco is growing and offers attractive opportunities, according to the report.

New SolarPower Europe report: Morocco’s solar potential in focus

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SolarPower Europe, supported by the Global Solar Council (GSC) and the Moroccan renewables’ association Cluster EnR, has published its first report on solar investment opportunities in Morocco.

MET Group expands its solar and renewable investments in Romania - in the picture Dunai solar park in Hungary.

Romania: MET Group starts construction of 80 MW solar park

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Swiss-based MET Group strengthens its presence in the Romanian market for renewable energies, commencing the construction of its 80 MW solar project in the Răscăeți municipality (Dâmbovița county).

The new European market report from SolarPower Europe shows a sharp decline in the growth of photovoltaics.

SolarPower Europe report: EU solar market with only weak growth

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After four years of soaring growth, the EU solar sector has hit its first deployment slowdown of the 2020s, dropping from 53% growth in 2023 to 4% in 2024. This represents a 92% slowdown of solar growth.

The tendering phase of the first renewables auction in Moldova runs until March 31, 2025.
Eastern Europe

Moldova pushes investment in renewables – first tender launched

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The Republic of Moldova is taking major steps to encourage investment in renewable energies, expand international partnerships and achieve climate targets. Photovoltaics play an important role in this. The first tenders were recently launched.

Piotr Pysniak is International Key Account Manager at Greto Polska.
Poland

Piotr Pysniak of Greto Polska: “The market is beginning to stabilize”

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Greto Polska is a well knownn wholesaler for photovoltaic and heating installation companies. International Key Account Manager Piotr Pysniak talks about Polish an German market and their interconnection.

Panelists at the ReBuild Ukraine conference in Warsaw.

Commercial Risk Guarantee Fund can secure doubling of 10 GW RES in Ukraine

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At the international energy conference ReBuild Ukraine in Warsaw, the Commercial Risk Guarantee Fund — a new tool to secure investments in renewable energy—was presented and received already positive feedback from the international financial institutions.

The International Renewable Energy Agency (IRENA) presented its World Energy Transitions Outlook today at the start of the UN Climate Conference COP 29 in Baku.
COP29

IRENA is calling for ambitious NDC updates

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Even if all COP announcements to date were to be fully implemented, a significant CO2 emission gap would still need to be closed by 2050, according to IRENA’s World Energy Transitions Outlook 2024.

Executive Director of the International Energy Agency, Fatih Birol, speaking at the Solar Power Summit in Brussels, March 2023.
IEA/SolarPower Europe

Global clean tech manufacturing investments led by PV and batteries

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The International Energy Agency (IEA) published its annual Energy Technology Perspectives report, for the first time introducing combined analysis on the interplay between energy, industrial and trade policies. SolarPower Europe contributed to the report.

140 MW of Trina Solar Vertex bifacial dual-glass modules are being installed at Voltalia’s project site in Karavasta, Albania.
Investments Western Balkons

Albania: 140 MW PV project with bifacial modules

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Trina Solar has delivered 140 MW of its Vertex dual-glass bifacial modules to Karavasta Solar in Albania on behalf of Voltalia. The project will be the largest of its kind in the Western Balkans.

The Levelized Cost of Energy (LCOE) of PV and other renewables declined further in 2023.
IRENA report

PV 56 % cheaper than fossil fuels or nuclear

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81% of renewable additions in 2023 were cheaper than fossil fuel alternatives, offering countries a compelling business and investment case to triple renewables by 2030, according to the International Renewable Energy Agency (IRENA).

 Four solar parks with a capacity of around 750 MW are ready-to built in Denmark through the financial partnership of Andel and Better Energy.
Denmark

Billion-euro equity partnership for renewables

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Andel and Better Energy have entered a joint partnership with the aim to construct 15 renewable energy parks with a capacity of around 2 GW in Denmark between 2024 and 2028.

 In a new study Grids for Speed, Eurelectric warns that the European energy transition is at risk, if there is no massive investment in grids, digitalisation and flexibilisation.
Eurelectric

Double investments in power distribution or lose race to net-zero

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Europe’s distribution grids need to be urgently modernised to enable massive electrification of transport, heating and industry, integrate renewables and withstand more frequent extreme weather and cyber threats, Eurelectric demands.

The drastic consequences of climate change are becoming increasingly obvious. But climate deniers are trying to undermine climate protection with various forms of disinformation.
Climate protection

"Outrage merchants" fuel climate disinformation

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Who are the climate deniers and what communication channels and narratives do they use? How to deal with them? These questions were explored in a webinar organized by the international media network CCNow.

Battery park Bredhälla in southern Sweden spreads across 20 battery containers.
Investor newsletter

Large batteries support solar parks and the grid

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Our next newsletter for investors will be published on August 28, 2024. It will cover the new opportunities for large battery storage systems. SolarPower Europe highlights it as new champions of the energy transition. Sign up for the newsletter to receive the latest specialist information.

 Limondale Solar Farm in Australia, where a utiliy-scale battery system will be added.
Energy storage

RWE: First eight-hour battery storage in Australia

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RWE announced its investment decision to build Australia’s first eight-hour battery near Balranald, in New South Wales (NSW). It will be co-located to a 249 MW solar farm.

 Solar park in Colorado.
Topic of the Week: North America

hep solar's largest PV project to date will be in Canada

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Happy Canada Day: The Canadian PV market is  also gaining momentum with larger projects. For example, hep solar recently received approval from the Alberta Utilities Commission for the construction and operation of a 120-megawatt PV park in Alderson. 

The US Inflation Reduction Act of the Biden administration imposes new challenges for the energy transition.
Topic of the Week: North America

Challenge increased demand critical minerals

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The United States continues to face  challenges meeting the increased demand for critical minerals almost two years after the historic Inflation Reduction Act, a S&P Global study finds.

 PV-plant realised by CCE Italia in Italy, in the Latium region.
Opinion

“Italian PV-sector needs regulatory certainty”

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Sandro Esposito, Managing Director of developer CCE Italia, comments on the strict restrictions announced by the Italian government for solar parks on agricultural land.

 Oman has an abundant potential for PV.
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.

UK

Centrica set to acquire two solar projects in south-west England

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Centrica has completed the acquisition of two clean energy projects in the southern United Kingdom, adding 32 megawatts of capacity to the company’s power portfolio.

 More solar parks are built with wind turbines to make optimal use of the land.
Investor newsletter

More capital for solar projects

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Our next newsletter for investors will be published on March 27, 2024. It will cover the expanding markets for solar projects. They drive the solar transition in the EU and in markets like US or Australia. Solar fields mean big business. You haven't registered yet? Then don't hesitate so that you can start new projects with up-to-date information.

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.

 Poland offers great potential for the expansion of solar PV.
Eastern Europe

Poland: Sens starts 1 GW PV project pipeline

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Iqony Solar Energy Solutions (Sens) has started the development of a planned pipeline of up to 1 GW in Poland with a local partner. The first four PV projects have a combined output of 355 MW.

 Alina Möbius (left) is Junior Product Manager at Intilion. Martin Peters (centre) is Product Manager and André Haubrock (right) is CEO of the Paderborn-based storage manufacturer.
Interview with Intilion

"Companies are increasingly focussing on their energy efficiency"

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Outlook 2024: Junior Product Manager Alina Möbius and Product Manager Martin Peters explain what the investment environment for Electricity storage units looks like and what technological developments can be expected from Intilion. CEO André Haubrock provides an insight into the current status of the company's planned IPO.