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.
Austrian utility EVN and renewables developer ECOwind are building what they said will be Central Europe’s largest floating PV system in Grafenwörth, Austria.
Independent Power Producer AMPYR Solar Europe (ASE) has acquired Netherlands-based SolarEnergyWorks (SEW) and its 750MWp asset pipeline of ready-to-build and under-development assets
It will be 10 times more expensive to operate gas-fired power plants in Europe than to build new Solar PV capacity in the coming years, according to research by Rystad Energy.
New policies in major energy markets would accelerate the investment in clean energy to US$2 trillion by 2030 in the states policies scenario (STEPS), according to a report from the International Energy Agency (IEA).
The world installed around 174GW of solar PV in 2021, a 20% jump on the previous year, and is expected to deploy 260GW this year, barring any major disruptions to international trade.
Developer Mytilineos' renewables and storage department has recorded its best ever sales quarter in Q3 at the same time as posting strong numbers for the first three quarters of the year.
