Solar developer Lightsource bp is setting up operations in France as it looks to reach a 1GW pipeline of large-scale PV projects in the country by 2026.
German renewables company BayWa r.e. will tender 10TWh of green electricity later this year, describing the move as a “turning point” for Europe’s power purchase agreement (PPA) market.
EDP Renewables (EDPR) added a total of 465MW of wind and solar capacity in Q1 2022, mainly due to its acquisition of Singaporean developer Sunseap, while it recorded a net profit of €66 million (US$69.8 million), up 75% on the previous year.
The European Union (EU) should set higher solar PV deployment targets and speed up the energy transition to phase out its energy dependency on Russia as soon as possible, according to five member states of the bloc.
German conglomerate BayWa benefited from high demand for solar modules during the first quarter of 2022, with its revenues bolstered by the sale of an operational PV plant in the US.
Dutch thin film manufacturer HyET Solar has received backing from Australian green hydrogen producer Fortescue Future Industries (FFI) and Dutch investment fund Teslin Participaties that will help in the construction of its solar PV factory.
Portugal’s electricity regulator has said higher than forecasted solar and wind generation has allowed it to propose a 2.6% reduction in regulated tariffs to protect consumers in the country from soaring energy prices.
The heads of five major energy trade bodies in Europe have written to the European Union and member states urging them not to change the current power price setting mechanism in light of the continent’s energy crisis and instead pursue greater renewables rollout.
Inverter manufacturer SolarEdge benefited from high demand for its products in Europe to increase revenues to a quarterly record while navigating a shortage of electronic components.
