Europe

French energy company TotalEnergies has sold most of its climate venture capital (CVC) arm, TotalEnergies Ventures, to French VC firm Aster.

Solar PV additions have seen significant increase over the past few years, while it is also leading the increase in new renewable capacity worldwide this year, according to the International Energy Agency’s latest report Renewable Energy Market Update June 2023.

Emeren published its financial results for the first quarter of the year, posting total revenues of US$12.9 million.

Italian PV manufacturer FuturaSun has acquired a research and development startup, Solertix, which focuses on perovskite cell technology research.

Spanish power company Iberdrola and the sovereign fund of Norway will invest in 1.3GW of renewable capacity in Spain.

Solar wafer producer NexWafe has secured a €30 million (US$32 million) investment to accelerate the construction of its first commercial-scale wafer plant in Bitterfeld, Germany.

Renewables company BayWa r.e has inked a deal with German bank Norddeutsche Landesbank (NORD/LB) to secure €32.5 million (US$34.7 million) for a 54.1MWp solar project in Spain.

Emeren Group – a global solar PV developer – has sold its 58MW Polish solar portfolio to Spectris Energy. The projects were sold ‘ready to build’, and Spectris will handle construction and own the projects long-term.

The Q2 2023 edition of our downstream solar journal, PV Tech Power, is now available to download.

With Germany working on its goal of producing 80% of electricity consumption covered by renewable energy in 2030 as set out in the EEG 2023, it has announced plans to provide a new contract model to enlist local communities in the energy transition.