Europe

The co-location of renewable generation and energy storage demands new contractual arrangements to make such projects commercially viable. Jack Rankin, Miguel Valderrama and Brian Knowles of Pexapark explore how hybrid PPAs are becoming a favoured solution for structuring deals that capture the full value of both assets.

Pexapark has found that European buyers struck power purchase agreements (PPAs) for a record 16.2GW of clean power in 2023.

PV Tech Premium spoke with Johan Lindahl, secretary general at the ESMC about Europe's solar manufacturing industry's dire situation.

Spanish solar tracker producer PV Hardware (PVH) has begun to implement a new manufacturing process which it says can “reduce the installation time of solar projects by more than 40%.”

Increased renewables capacity and higher earnings from international electricity generation have driven up German utility RWE's financial results for 2023.

Scatec posted record-high revenues and construction figures over 2023 which it said was facilitated by lower module and BESS prices.

German chemical group Wacker Chemie has posted the financial results of 2023 with its polysilicon business falling by 61% due production-related reasons.

Ecoener has announced a plan to build a 350MW renewables portfolio in Greece, which includes a 50MW solar PV plant.

Alantra – a renewables asset manager – and solar developer Solarig have secured €213 million (US$232 million) to support the construction of seven solar PV projects with a total 306MWp of generation capacity.

With ESG regulations more present than ever, these frameworks are an opportunity to build an energy sector that is more sustainable.