Europe

Spain will introduce a windfall tax on power companies and banks from next year to fund measures designed to help Spaniards cope with soaring inflation.

Module manufacturer REC Solar has been selected by the European Union to receive a grant to support a 2GW heterojunction (HJT) solar manufacturing plant in France.

European home solar installer Svea Solar has partnered with EV charging manufacturer Wallbox to add the technology class to its home solar solution.

Iberdrola has signed a power purchase agreement (PPA) to sell electricity from its 590MW solar plant in Spain to food and drink giant PepsiCo.

EDP has continued its renewables drive in Poland with the acquisition of distributed solar PV installer Zielona Energia.

Perovskite-on-silicon PV modules are more environmentally advantageous than conventional silicon heterojunction (HJT) modules over a 25-year lifetime, according to a study from researchers in Germany.

Energy major bp has signed a memorandum of understanding with German conglomerate thyssenkrupp focused on the supply of low-carbon hydrogen and renewable power in steel production.

Renewables advisory firm Pexapark has secured €8 million (US$8.08 million) in a second round of Series B funding as it plots further expansion.

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