Europe

Virya Energy has secured US$99 million (€85 million) in equity from EBRD to acquire and scale a portfolio of solar PV projects in Poland.

Spanish utility Endesa has started commercial operations at a 131MW solar PV portfolio in its home country.

Co-located storage has been “overhyped” as a prop for commercially underperforming solar assets in Europe and should not be regarded as a “silver bullet”.

Europe’s somewhat delicate position in global solar means it is uniquely-positioned to take advantage of global supply chain uncertainties.

Increased renewable energy penetration in Europe's leading clean energy markets will lead to more fluctuations in power prices.

Polish IPP R.Power has raised US$50.7 million (€43 million) in finance to support the development of a 70.5MW solar PV portfolio in Poland.

Developer FRV is to hybridise a swathe of its Spanish PV fleet with batteries as part of a wider storage push in the country.

Fortis Energy has signed a mandate letter with the EBRD to explore financing for a 270MW solar-plus-storage project in Serbia.

SolarPower Europe has released two new technical due diligence reports for utility-scale hybrid solar PV and battery energy storage system (BESS) projects.

Statkraft and 3E analysed 64 utility-scale PV plants, representing 2.1GWp DC capacity, with datasets spanning six months to five years.