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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.

Solar developer IB Vogt has signed an agreement to sell a 66 MW PV project to Hungarian MOL Group. The solar farm will begin commercial operation in Q1 2025. This marks the first project by IB Vogt in the Hungary.

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.

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.

Axpo has signed a power purchase agreement (PPA) with British Solar Renewables (BSR) to buy clean energy from its 25 MW solar PV at Whaddon Farm, Wiltshire. The site is co-located with a utility-scale 16MWh battery energy storage system (BESS).

Montenegro has a high solar potential and is taking promising steps to use more solar PV, as Ivana Vojinović, director of the Center for Climate Change, Natural Resources and Energy at the University of Donja Gorica, explains. But challenges remain.

The 1st Intersolar Summit Africa 2025 is set to transform the renewable energy landscape from March 12–13, 2025, Nairobi/Kenya. Bringing together 250 key stakeholders from across the solar, energy storage, and finance sectors, this flagship event will provide promising opportunities for networking, knowledge exchange, and collaboration.

The 180-megawatt solar park is expected to generate over 370 million kWh per year. It supplies the members of the cooperatively organized electricity trader Tri-State under two PPAs.

Capcora, an investment consultant specializing in renewable energies, supported the sale of the project. The huge solar park in the southwest of the country will start operating in 2026. Expansion to include additional technologies is possible.

The European renewable energy market in 2024 has seen both massive growth phases as well as uncertainties around legislation and infrastructure readiness in several European markets. Wolf Dietrich – Senior Director Development, UK & Europe of Econergy summarizes key challenges and provides an outlook on growth trends and success factors for 2025.

What are the opportunities and challenges for business cases for stand-alone battery energy storage systems (BESS) in European markets like Germany, Italy, France, The Netherlands, Romania and Austria? Expert Philipp Kraemer of CCE shares his analysis.

Following the assignment, in late November 2024, of inverter manufacturer Fimers business complex to MA Solar Italy Limited affiliated to the McLaren Applied Group, the acquisition procedure has been formally completed as planned. Fimer has been officially integrated into the Greybull Capital and McLaren Applied family.

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, points out.

The Chinese government has reduced a tax break for solar panels by 4 percent. It may be a first sign that solar panel prices will rise again in the new year. Especially now that it seems likely that the Chinese government will also abolish the remaining 9 percent tax benefit in the first half of 2025, says Gerard Scheper, CEO of European Solar. "This finally seems to be the end of the declining price curve of solar panels and making it less interesting to postpone the purchase any longer."

CCE Holding finalized a EUR 24 million project financing with Commerzbank AG. The loan amount will be used for the construction of a 42.08 MW photovoltaic plant in the municipality of Montalto di Castro in the Italian region of Lazio near Rome.

In order to attract more private capital for renewable energies, the European Union has introduced new regulations into the European Long-Term Investment Fund (ELTIF). Sign up for the newsletter to receive the latest B2B information on your desk.

Econergy Renewable Energy won the recent Romanian Contract for Difference (CfD) auction with the Parau 2 solar project. Additionally a second project financing agreement was signed with Raiffeisen Bank International (RBI).

The amendment to the European ELTIF regime is likely to bring new impetus to the energy transition. The amending regulation, which will come into force in 2024, is relevant not only for institutional investors, but especially for private investors. It opens up access to private markets and investments in renewable energies. By Robert Guzialowski

A lot of private capital is needed to achieve the ambitious decarbonization goals. Regulatory initiatives and in particular the reform of the European Long Term Investment Fund (ELTIF) could help institutional and private investors invest significantly more in the future. By Robert Guzialowski

International renewable energy development platform ib vogt has entered into an agreement to sell their Greek project portfolio to Faria Renewables, a leading Greek renewables IPP. The portfolio is comprised of around 780 MW of solar PV and BESS assets in various stages of development.

Large battery storage systems are becoming more and more popular in Europe. Important reasons for this are the increasing demand for grid stabilization services and the shifting of peak loads. Italy and Great Britain are ahead of the game.

The European PV market closed 2024 on a resilient note despite slight seasonal adjustments. The December edition of the PV Index of sun.store highlights continued demand stability paired with notable price adjustments in solar panels and inverters. While the PV Purchasing Managers’ Index (PMI) dipped slightly to 67, the market exhibited confidence, with half of buyers planning increased purchases as they prepared for 2025.

There was great interest in financially participating in the agricultural solar project in Austria. The local population in particular invested - within record time.

The European PV market remained steady in November, with the PV Purchasing Managers’ Index (PMI) holding firm at 68, consistent with October. While buyer confidence remains robust, solar panel and inverter prices continued their downward trajectory across most categories, signaling a market grappling with seasonal adjustments and intensified competition, according to trading platform sun.store.

Econergy UK, has signed a financing agreement for €28 million in project funding for the Iancu Jianu solar photovoltaic (PV) project in Romania. The project, which has an installed capacity of approximately 58 MW, is currently under construction and expected to be connected during 2025.