Europe

Norwegian distributed solar marketplace Otovo has secured €120 million (US$130 million) in debt and equity financing to expand its residential solar portfolio across Europe.

Enfinity Global has signed a 10-year PPA with renewable energy generator Statkraft, producing 191GWh of electricity in Italy a year. 

Solar tracker manufacturer Soltec has obtained environmental permits for 401MW of PV plants in two provinces of Spain.

Solar developer GreenGo Energy has partnered with a Danish municipality to develop a 4GW energy park consisting of solar and wind projects.

Spanish energy company Cepsa has announced plans for a 200MW solar PV project to supply power to a green hydrogen plant in Andalusia, Spain.

The US and Europe saw relatively modest increases in the average prices of solar power purchase agreements (PPA) in Q4 2022; 4% and 3% respectively.

Renewables developer Fotowatio Renewable Ventures (FRV) has declared its entry into the German market, opening its first German office in Munich in December and expressing the intention to develop 2GW of solar and energy storage assets in the next four years.

Germany has launched a new tender which seeks to add 1.95GW of utility-scale solar PV capacity on arable land and grassland in disadvantaged areas.

European trade body SolarPower Europe has launched a Solar Best Practices Platform aimed to award quality badges to PV project developers.

Fast solar project completion times mean the Baltics are becoming increasingly attractive to developers compared with other European markets.