Energy market turmoil in Europe at the end of last year is causing a fundamental change in the power purchase agreement (PPA) market as volatility spikes reach 250% and throw into question the viability of long term PPAs.
Engineering, procurement and construction (EPC) contractor INTEC Energy Solutions is partnering with PV project developer Chint Solar to build a 328MWp solar portfolio in Denmark.
Swiss fund manager SUSI Partners, through its Energy Transition Fund (SETF), has launched a solar PV development platform in Italy that aims to deploy 500MW of utility-scale solar PV after identifying Italy as a key growth market.
Demand for skilled solar workers is outstripping supply for roles such as electricians and sales professionals, with employers battling to secure the top talent as PV deployment accelerates, according to recruitment companies.
The European Investment Bank (EIB) will support the addition of 430MW of solar PV and wind in Spain and Portugal through a €100 million (US$114 million) financing deal.
The Spanish region of Catalonia will need to have at least 7GW of solar PV installed by 2030 to put it on track to achieving a decarbonised electricity system and energy independence by mid-century.
Greek renewables developer Mytilineos has agreed to sell 100MW of PV projects in southern Spain to Aquila Capital for an undisclosed amount as the German investment firm continues to expand its European PV portfolio.
Switzerland’s government has launched a consultation on a raft of policies to support renewable energy, including increasing tax incentives for PV projects and streamlining application processes in a bid to “accelerate the development of solar energy production”.
A banking consortium has signed a PLN864 million (€189 million/US$215 million) agreement to finance Polish developer R.Power Group’s 299MW portfolio of solar PV projects in Poland.
More than half of Italy’s installed solar capacity is subject to a new law that requires plant owners to pay the country’s government an increase in profits resulting from high electricity prices, according to a board member of trade body Italia Solare.
