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Our next newsletter for investors will be published on February 12, 2025. It deals with the European Long Term Investment Fund (ELTIF). Its reform offers institutional and private investors significantly better investments in solar projects. Sign up for the newsletter to receive the latest B2B information on your desk!
The European Bank for Reconstruction and Development (EBRD) is lending up to €50 million to Tenevo Solar Technologies EAD to build and operate a fully merchant solar photo-voltaic plant in southeastern Bulgaria. A parallel financing facility of €53 million will be provided by Raiffeisen Bank International, making the total finance package €103 million.
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.
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).
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.
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).
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.
Agrivoltaics is considered to have a promising future. However, the example of Germany shows that the building law slows down many projects and the projects have to struggle with material price increases.
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.
Agrivoltaics is being promoted as the ideal way to combine solar power generation and agricultural use. Although it can hardly replace traditional solar parks, it offers interesting opportunities for niche applications, says Carsten Bovenschen, CEO of Juwi, in an interview.
Axpo’s solar and wind divisions Urbasolar and Volkswind have successfully secured a combined capacity of 163 megawatts (MW) in two recent public tenders – also including Agri PV and floating PV.
Supported by the EBRD, Romania has this week launched a Contract for Difference (CfD) mechanism for the construction of renewable energy installations and opened the first auction for 1.5 GW of renewable energy generation capacities – 500 MW of solar PV and 1 GW of onshore wind.
Swiss based energy company BKW concludes a long-term power purchase agreement (PPA) with the German-Austrian solar developer CCE Holding for a 42-Megawatt solar plant in Lazio/Italy.
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.
The final days of COP29 in Baku had experienced COP watchers reach for every cliché known to man. The negotiations were a roller-coaster, the mood was bleak, the clock was ticking, hopes were fading, diplomacy was frantic. But in the end, as they say, victory was snatched from the jaws of defeat, our guest author Gerard Scheper analyses.
The Gas market operator MIBGAS has opened the auction process for the purchase of renewable hydrogen from DH2 Energy`s solar Hysencia plant in Aragón, which has an electrolysis capacity of 35 MW. Operations are anticipated to commence in the first half of 2027.
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.
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.
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.
LONGi reported a net loss of 1.261 billion CNY (€170 million) in Q3 of this year. To return to profitability, the Chinese manufacturer is increasingly relying on high efficiency PV modules with back contact technology.
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.
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.
