Europe

Spanish IPP Grenergy has secured a senior non-recourse financing agreement worth €98.8 million for the172MW Ayora solar PV project in Spain.

Renewables developer ib vogt has sold the 95.18MW Baobab solar PV project in Segovia, central Spain, to a subsidiary of Swiss independent power producer (IPP) EOS NER.

Germany has revised down the price ceiling for roof-mounted solar PV systems to €0.1/kWh (US$0.117/kWh) for tenders to be held in 2026.

The global solar inverter industry will contract over the next two years as major markets in China, Europe and the US confront new volatility, according to energy market analyst Wood Mackenzie.  

The EU’s Economic Security Doctrine has identified solar inverters as a high-risk dependency, a move which the European Solar Manufacturing Council (ESMC) has lauded.

France has awarded 507.7MW of solar PV capacity in its latest technology neutral auction, with only solar projects selected.

Soltec has begun the process of transferring 80% of its share ownership to European investment firm DVC Solutions.

Solar manufacturer Maxeon has filed a new patent infringement lawsuit against fellow PV manufacturer Aiko before the Munich Regional Court I in Germany.

A round-up of news coming from Europe, with IPP Encavis acquiring a 265MW solar PV portfolio in Italy, Iberdrola starting construction on 366MW of solar PV in its home country and IPP Sonnedix signing a renewables supply agreement with a subsidiary of Volkswagen in Spain.

Slowing solar PV and energy storage installations in Europe risks “competitiveness and security at a pivotal moment”, according to the head of SolarPower Europe.