Europe

Greek industrial group Mytilineos said 2020 turnover from its renewables and storage development unit was around 40% lower than forecasted due to contracting and construction delays as a result of the coronavirus pandemic.

Shorter power purchase agreements (PPA) could become more commonplace in Europe’s solar sector as developers strive to bring on more offtakers.

Fraunhofer ISE spin-off NexWafe has raised €10 million in a new Series B round of funding as the company moves to another pilot production phase.

Leading solar companies back pledge to develop traceability protocol in the industry's supply chain.

EDF Renewables has started construction of its first floating solar project, a 20MW installation co-located with the Lazer hydroelectric plant in south-eastern France.

Powering green hydrogen production could become a valuable revenue stream for solar asset managers in Europe as subsidy-free systems become mainstream, according to industry leaders.

Scatec said it underwent a “transformational” year in 2020, with its total renewables pipeline now standing at a record high of 10.5GW.

European PV asset holders should ensure they have the right skills and knowledge to successfully operate in the continent’s power purchase agreement (PPA) market, according to panellists speaking today at the Solar Finance and Investment Europe conference.

Developers installed close to 5GW of solar PV capacity last year after removal of controversial subsidy cap.

A brief round-up of project updates from around the world, including news from Asian C&I specialist Cleantech Solar, solar operator Sonnedix and renewables giant BayWa r.e.