Europe

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.

Germany's BSW has announced a proposal to restore and strengthen the entire value chain of the European solar production industry.

3Sun, the solar module manufacturing subsidiary of Italian utility Enel has secured €560 million (US$612 million) in financing for its heterojunction module assembly plant in Sicily, Italy.

Recurrent Energy, the solar project development subsidiary of global solar manufacturer Canadian Solar, has secured a US$500 million equity investment from Blackrock, the world's largest asset manager.

Electricity generation from low-emission sources such as solar, wind, hydro, and nuclear will cover all global demand growth to 2026.

Germany commissioned more than one million new solar power projects in 2023, according to the Bundesverband Solarwirtschaft (BSW).

The growth of global annual solar PV installations will start to slow this year, including the US, according to Woodmac.

UK-based energy group Octopus Energy has acquired its first solar PV portfolio of 142.8MW projects in Germany.

Italy generated record-breaking volumes of both solar PV and wind power in 2023, producing 30.6TWh and 23.4TWh of electricity, respectively.