Europe

Spanish utility Endesa has signed two loans with Instituto de Crédito Oficial (ICO), a Spanish state finance agency, and the European Investment Bank (EIB) worth €500 million to fund solar and wind projects in the country.

Romanian oil and gas producer OMV Petrom has bought a 710MW solar PV portfolio in its home country, which it said will be one of Southeastern Europe’s ‘most significant’ solar projects.

Global demand for solar PV could rise up to 40% in 2023 as favourable economics in the solar sector combine with broad policies like the Inflation Reduction Act (IRA) and REPowerEU schemes.

As PV projects become more and more common in the Nordics, wind players like OX2 are entering the solar market with large-scale projects.

Tom Kenning on one of the most promising up-and-coming solar power players of Southern Europe, Greece. He asked experts about the challenges and opportunities for PV in the country.

Renewables covered about 52% of gross domestic electricity consumption in H1 2023, three percentage points higher (49%) than the same period in 2022.

Renewable energy developers Renantis and Ventient Energy have announced to merge, planning to operate as a combined group next year.

The Ministry of Ecological Transition (MITECO) in Spain has updated its National Energy and Climate Plan (NECP) with an increased target for solar PV of 76GW by 2030.

JinkoSolar has announced that it will supply 220,000 of its Tiger Neo bifacial solar modules to the 123MW Verila solar plant in Bulgaria.

Quanwei Technology, a new rising player in the heterojunction (HJT) field, has exhibited at Intersolar Europe, showcasing its portfolio of products, including its high-efficiency HJT series modules and energy storage solutions.