Europe

Sungrow has introduced its newest ST2752UX liquid-cooled battery energy storage systems, featuring an AC/DC coupling solution for utility-scale power plants, and the ST500CP-250HV for global commercial and industrial applications.

Norwegian renewables developer Hydro Rein and German investment company Commerz Real have agreed to acquire 362MW of solar PV projects in Denmark.

Inverter manufacturer SolarEdge has posted record revenue and inverter shipment for Q3 due to its “strong momentum” in the European market.

Toledo Solar is looking into expanding its manufacturing capacity in Europe, with an initial annual capacity of 400MW of thin-film modules.

Rezolv Energy, backed by sustainable infrastructure investor Actis, has acquired rights to a 1,044MW PV plant in western Romania. Actis has said the project is “expected to be the largest solar PV plant in Europe”.

Norwegian energy company Equinor has acquired Danish solar developer BeGreen, strengthening Equinor’s solar PV portfolio and capabilities.

The European Investment Bank (EIB) will support the RePowerEU scheme with €30 billion (US$29.7 billion) in loans and equity financing over the next five years, as it looks to secure Europe’s renewable energy future and reduce its dependence on Russian gas.

Renewables developer Econergy Renewable Energy has finalised the engineering, procurement and construction (EPC) agreements for 172MW worth of solar PV projects in Romania.

Meyer Burger has approved a capital raise to fund a buildout of the company’s manufacturing capacity for solar cells and modules to approximately 3GW.