German investment firm Aquila Capital has raised €1 billion in financing to support the development and construction of a 2.6GW renewables pipeline in Spain and Portugal over the next three years.
The European Bank for Reconstruction and Development (EBRD) is providing up to US$100 million in financing to support the development of 150MW of solar in Turkey.
Portugal has already surpassed last year's solar PV deployment figures, with 578MW added up until 31 July 2022, according to data from the Portuguese Directorate General for Energy and Geology (DGEG).