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Energy farm Witznitz: With an output of 650 megawatts, the solar park south of Leipzig, Germany, represents a milestone for the project business. Register and download our special edition for free! Subscribers of our investors newsletter get it delivered directly to their desk.
In 2024, solar energy covered around 14 percent of Germany's electricity consumption. In 2024, more than one million new solar power systems were registered. The newly installed photovoltaic capacity grew by around ten percent compared to the previous year.
The Madrid region has the highest energy consumption in Spain. So, the demand for solar power is therefore huge. Swiss project developer Edisun Power Europe is now developing three large solar parks near the capital, with almost one gigawatt of solar power.
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.
Axpo has given the go-ahead to construction of the „NalpSolar“ alpine solar plant in the Swiss canton of Graubünden. Work is planned to commence this March. Located 2,000 metres above sea level, the 8 MW PV plant will generate important climate-friendly electricity, particularly during the winter months.
Project developer and investor R.Power has announced ambitious plans for the Portuguese market. The Warsaw-based company aims to build up a portfolio of 100 MW of photovoltaic systems in Portugal in the medium term. New investments in solar and battery storage are also planned in Spain.
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
Video: The Essen-based Steag Group has merged its previously separate growth areas of solar and wind power into a single business unit. Why the two units will work under one roof in the future we will find out now from CEO André Kremer and CEO Joel Wagner of Iqony Sens.
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
The “PV2Float” project by RWE, Fraunhofer ISE and BTU Cottbus-Senftenberg is testing three floating PV systems (30 kW each) over three years. The research focuses on technical improvements, environmental impact and public acceptance. It is funded by the German Federal Ministry of Economic Affairs and Climate Action.
Video: Uniper is a strong partner in the financing, planning and construction of large solar parks. Such projects are anything but easy. Where are the pitfalls? What makes a solid partnership? This we find out now with Dan Garlin, Senior Vice President Renewables EPC & Operations.
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.
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.
Longi will supply PV modules for a 174 megawatt solar park that will be built by the Bulgarian based ECP contractor Solarpro. It is currently the largest of all existing or under-construction PV projects in Romania and is scheduled to go online in mid-2025.
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.
European Energy has commenced operations at Holsted Solar Park in Denmark with a capacity of 175 MW. However, the framework conditions for implementing large-scale solar projects are rather difficult and Denmark is at risk of missing its solar expansion targets by 2030.
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.
German-based ABO Energy has recently inaugurated and connected a 20-megawatt solar park in Hungary. The project, located near the city of Szarvas in the southeast of the country, is the largest project that ABO Energy has developed and built in Hungary to date. Sales are planned for the first half of 2025.
R.Power announced the signing of contracts for the general execution of a 23 MW photovoltaic farm portfolio. The projects will be built by the Polish company Nomad Electric and the Romanian company Waldervar.
Denmark based Better Energy delivers close to 50 MW of solar capacity in Sweden in 2024 with the grid connection of its second solar park at Hovby Airport in Lidköping Municipality.
With a nominal output of 40 MW, the Romanian CCE solar power plant Horia 1 was officially opened. It was funded by the EU. More PV projects of CEE in Romania are coming.
Our next newsletter for investors will be published on December 18, 2024. It will be about the pv markets in Eastern and South Eastern Europe. The Polish market takes the lead. It is developing very dynamically. Sign up for the newsletter to receive the latest B2B information on your desk.
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.
R.Power, one of the larger solar energy companies in Poland, has announced the launch of three new solar farms in Portugal with a total output of 22 megawatts.
The innovative solar project Merganser is located off the Dutch coast, around twelve kilometres off The Hague. It currently has 500 kilowatts of solar power installed. The scalable concept consists of six interconnected platforms.
