Europe

Polish renewables developer PAD RES has secured PLN240 million (US$58.7 million) in financing for the construction of 117MW PV plants in Poland.

Bulgarian-headquartered solar engineering company SUNOTEC has begun construction on a 1.1GW portfolio of projects across Germany.

Renewables developer European Energy will build a 115MW solar PV project in Latvia, which it says will be one of the largest projects in the country.

Three German solar PV companies have partnered to invest €2 billion (US$2.2 billion) to build a vertically integrated manufacturing capacity.

Chinese solar PV company Trina Solar has supplied 140MW of its Vertex dual-glass bifacial modules to French renewable power company Voltalia for a solar PV project in Albania.

Meyer Burger has published its financial results for H1 2023, reporting strong production figures, but losses of US$49.4 million

Norwegian solar wafer manufacturer NorSun has closed NOK90 million (US$8.5 million) in equity financing to support its expansion in Europe and the US.

The EU will need to create a more resilient supply chain, improve the grid, and reexamine multiple constraints to achieve a more orderly energy transition, according to a study conducted by analysis company McKinsey.

Spanish solar tracker provider PV Hardware (PVH) has signed a supply agreement with Indian conglomerate Larsen & Toubro for 805MW of trackers.

Romania has released information concerning its upcoming first round of Contract for Difference (CfD) which seeks 1GW of solar PV.