Europe

Spanish oil major Repsol has acquired renewables energy investment platform Asterion Energies from European infrastructure fund Asterion Industrial for €560 million, plus up to €20 million in contingent payments.

Renewable energy producer Neoen has begun construction on what it is calling Portugal’s ‘largest’ solar park, a 272MWp facility comprising of two contiguous solar projects. The park is expected to be commissioned in early 2024.

Isigenere and Amorim are working on implementing a higher percentage of cork into floating solar structures to reduce their carbon footprint.

Japanese-headquartered financial services group ORIX Corporation has taken full ownership of Spanish renewables firm Elewan Energy after acquiring a further 20% stake in the company.

Fashion retailer H&M has signed a power purchase agreement with independent power producers Neoen and Alight for a 90MWp solar park in Sweden.

Having been rebranded with a new ethos and mission, Qcells’ ambitions are supported by a suite of clean energy products as it consolidates its position in the solar PV sector.

Norwegian independent power producer Scatec has hired Hans Jakob Hegge to take over as its chief financial officer.

The European Investment Bank (EIB) has signed separate agreements with Polish state-owned utility PGE Polska Grupa Energetyczna (PGE) and Czech energy utility company ČEZ to help modernise the distribution networks of both countries.

Heterojunction cell and module manufacturer Meyer Burger has established a new series of partnerships to research and develop perovskite tandem solar technology, with a view to bringing the technology to industrial scale.

A 600MW electricity transmission line between Italy and Tunisia has received €307 million (US$324 million) in funding as part of the EU’s Connecting Europe Facility (CEF) financing programme aimed at developing energy infrastructure across the continent.