Europe

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.

Voltalia has published its financial results for the third quarter of this year, which include a turnover of €126.2 million.

PV Tech launched the webinar 'The changing landscape of solar module supply to Europe', examining solar PV module supply to Europe.

The EU has been increasing its cumulative solar capacity over the years and facing several challenges simultaneously, particularly the influx of solar modules this year. 

French renewable power producer Neoen has begun construction on a 100MWp PV plant in Sweden, alongside Swedish independent power producer (IPP), Alight.

PV Tech Premium caught up with the French solar PV manufacturing startup Carbon to discuss its plans for expansion, inclusion in a European research and development (R&D) ecosystem and how to redress the balance of EU solar supply.

Spanish utility Iberdrola has added 500MW of solar PV in the third quarter of 2023, most of which in Spain.

Multiple European solar associations have published an open letter, calling for the EU to develop industry strategy for the European solar PV sector and opposing the introduction of tariffs and trade barriers.

German technology group and PV component manufacturer Heraeus has acquired an undisclosed stake in French PV manufacturing startup Holosolis to support the development of its planned 5GW module assembly plant in Hambach, France.