funding

The Czech government wants to retroactively cut funding for existing renewable energy plants, as it did several years ago. International investors want to take legal action against this, citing a violation of national and European law.

Solar developer software, Glint Solar announced an $8 million Series A funding round led by Smedvig Ventures with participation from Momentum, Futurum Ventures and Antler’s Nordic fund. The investment follows a period of growth for the Norwegian startup which has tripled its customer base over last 12 months.

Multilateral development banks (MDBs) issued a joint statement at COP29 (United Nations Climate Change Conference) in Baku outlining financial support and other measures for countries to achieve ambitious climate outcomes.

In many countries in Central Europe, the market for large-scale battery storage is growing rapidly. The drivers are diverse, but there are still obstacles, as Eliza Stefan, Sales Manager BESS for Central & Eastern Europe, Jinko EES, pointed out in an overview at CISOLAR & GREEN BATTERY 2024 in Bucharest.

The European PV market in October 2024 saw a mixture of stability and seasonally driven changes. Overall, there was a downward trend in solar component prices across most categories. The PV Purchasing Managers’ Index (PMI) edged down to 68, returning to its August level, signaling that demand remains resilient, but the season is drawing to a close.

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.

After a boom, the Polish photovoltaic market has cooled significantly in 2023. But that's no reason to panic. Demand is still strong, but different from previous years, explains Michal Marona.

Grids are one of the bottlenecks for more renewable power. A new report of Eurelectric “Technologies supporting Grids for Speed” shows how existing technologies can optimise the existing grid, facilitate renewables integration and lower the overall investment bill.

The Electricity Authority of Cyprus (EAC), in collaboration with the Ministry of Education, is installing PV systems in all public schools in Cyprus.  In total there are more than 400 installations for a capacity of about 4.8MW. 

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.

Grid digitalisation can improve power system efficiency in Europe, but a untapped potential remains, according to a new study Wired for Tomorrow of Eurelectric. It shows what matters.

The opportunities and potential of a European energy network with renewable electricity and green hydrogen are the focus of a study by the Jülich Research Center. Synthetic fuels play an important role in this, but nuclear power does not.

The PV market in Central and Eastern Europe continues to develop dynamically. Challenges are - as elsewhere - grid expansion, energy storage, load management and bureaucracy reduction. This was demonstrated at the CISOLAR & GREENBATTERY 2024 conference and expo in Bucharest.

MET Energía España, has signed two long-term PPAs. MET will buy the electricity from a solar park from Prosolia Energy to supply Atlantic Copper, the second largest copper producer in the world, with solar power via the distributor Fortia Energía.

Photon Energy's Hungarian subsidiary has completed the construction of a 658 kW PV power plant and has commenced operation. This is based on a 20-year PPA with Clarion Hungary, a subsidiary of Forvia, the seventh largest automotive technology supplier in the world.

FuturaSun’s FENICE project, aimed at building a high-efficiency photovoltaic module plant in Italy, has passed the selection process by CINEA, securing a grant from the Innovation Fund—one of the European Commission’s key initiatives to drive technological innovation and the green transition.

New data from Cornwall Insight reveals that profits for battery storage units are set to rebound by 2026. The data from Cornwall Insight’s GB Battery Revenue Forecast, shows rising wholesale prices and added price volatility, alongside renewable build out over the next few years, will lead to the rise in revenues.

As part of the global strategy of the logistics company DHL, all new buildings must be climate-neutral by 2030, with the goal of achieving complete climate neutrality by 2050. The logistics company is relying heavily on photovoltaics to achieve this, including in Finland.

Faerch, a leading Finish supplier of circular food packaging with integrated recycling capability, has signed its second 10-year Power Purchase Agreement (PPA) with Better Energy.This contributes to realize a new solar park.

The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to €31.6 million to Hrvatska Elektroprivreda d.d. (HEP), Croatia's national energy company to finance the construction and operation of a solar power plant with installed capacity of up to 99 MW.

A farmer in Pyhra, Lower Austria, has covered part of his berry plantation with semi-transparent modules. This has advantages and the neighbourhood also benefits.

RE-Source 2024 will take place October 24-25 in the former stock exchange building Beurs van Berlage in Amsterdam/Netherlands. One of the co-organizers is SolarPower Europe.

The Polish pv market ranks fifth in Europe. By 2027, twenty-seven gigawatts of photovoltaic power are to be installed in the country. The drivers are many: State and European subsidies, rising electricity costs and a still large share of coal-fired electricity in the Polish electricity mix.

Q ENERGY announced the debt financial close of its “Les Ilots Blandin” project for a total amount of EUR 50.4m, arranged by Crédit Agricole Transitions & Energies, through its financing arm Unifergie, and Bpifrance.

The EBRD provides a €28 million loan for the upgrade of electrical substation Brezna. This enables to integrate up to 400 MW of new, large-scale renewable energy into the country’s power grid.