Europe

FP Lux Group has purchased a 114MWp portfolio of solar PV projects in Italy from German renewables developer PNE in the first investment of its FP Lux Energy Transition Fund.

Israel-headquartered solar inverter supplier SolarEdge has announced that it will lay off about 900 employees to reduce operating expenses.

Spanish photovoltaics developer Solaria has received construction authorisation to commence building its 595MW Garoña solar project in the province of Burgos, northern Spain.

The statement came on the same day that European solar manufacturing stalwart Meyer Burger announced plans to abandon its module assembly plant in Germany because of the lack of support afforded to manufacturers in Europe.

Corporate financing in the solar sector rose 42% in 2023 compared with 2022, according to Mercom Capital.

Switzerland-based institutional investment group SUSI Partners has secured funds for a 167MW renewables portfolio in Poland.

PV manufacturer Meyer Burger has decided to close its module assembly plant in Germany and focus on its footprint in the US.

Albania has launched its fifth round of auction for new PV projects, and is aiming to add 300MW of new capacity to the country’s energy grid.

Iberdrola and the sovereign wealth fund of Norway have announced plans to invest more than €2 billion to add 1.3GW of renewables in Iberia.

Dutch-German solar testing firm Sinovoltaics will expand its operations in the US market as a result of the solar and battery energy storage manufacturing “boom” stimulated by the Inflation Reduction Act (IRA).