Europe

On Wednesday 19 July, The European Parliament (EP) has approved by 55 votes in favour and 15 against reforming the EU Electricity Market Design.

Electrification cable manufacturer Nexans has been awarded a €1.43 billion (US$1.59 billion) contract for a portion of the EuroAsia Interconnector subsea cable, connecting Greece and Cyprus.

Spanish independent power producer (IPP) Opdenergy has secured €128 million (US$143 million) to finance 216MW of solar PV in Spain.

Fraunhofer ISE has led research on the world’s most efficient small organic solar cell, with a conversion efficiency of 15.8%

Modus Asset Management has taken owership of a of a 55MW ground-mounted solar PV portfolio in Latvia from renewables developer Evecon, through its Clean Energy Infrastructure Fund.

Swedish state-owned utility Vattenfall has acquired German solar developer Solizer and its PV portfolio of 4GW of projects in Germany.

There are currently over 40GW of Chinese-made solar modules in storage across Europe with a cumulative value of around €7 billion (US$7.8 billion), according to data from research firm Rystad Energy.

Nordic independent power producer (IPP) Scatec has secured US$102 million in funding to support its Release by Scatec platform.

Complexul Energetic Oltenia has signed contracts with two Romanian power companies to build solar projects with a combined capacity of 735MW.

Carrie Xiao on a recent workshop held by TÜV Rheinland where PV developers, buyers and investors exchanged views on module quality and buying strategies.