Europe

Maria Popova of the European Federation of Energy Traders makes the case for power purchase agreements from renewable sources, as the sheer volume of renewables growth required to reach Europe’s climate target means that public financial support is unlikely to be sufficient for the task, and market-based instruments and mechanisms need to be deployed alongside.

Quinbrook has launched a platform to enable offtake customers to trace the source of their electricity in real-time.

Undetected faults and damage in solar PV modules, like cracks, manufacturing errors and foreign material, pose a “significant risk” to the solar industry according to a new report from US renewables firm Clean Energy Associates (CEA).

The UK solar industry is set to add an additional 1.7GWpdc of new PV capacity in 2023, according to the Solar Media Market Research team.

Renewable energy developer Hive Energy has sold four solar projects with a combined capacity of 267MW to German solar developer Juwi.

Lithuanian energy supplier Green Genius has secured €9.5 million (US$10.07 million) from investment and insurance company INVL towards building 500MW of renewables projects in Romania.

Ingka Group, the owner of Swedish shopping chain IKEA, has acquired a 300MW solar PV project in Dâmbovița county, Romania.

This week, module manufacturers around the world have announced new manufacturing facilities, and new records for their modules.

US-based independent power producer Enfinity Global has closed €300 million (US$316 million) in equity funding from global alternative asset manager ICG, with another €100 million expected to close within a year.

The agreements cover two solar projects and one onshore wind project as they are the first phase of a 10GW pipeline of renewables projects in Azerbaijan signed in 2022.