Europe

China Three Gorges is to enter Spain’s solar fray through the purchase of a 500MW portfolio from developer X-Elio.

Germany's RWE has raised around €2 billion to accelerate its standing in renewable energy.

Europe’s fleet of solar arrays generated 68TWh of power in the first six months of 2020, a 15% increase on last year’s figure as new, larger solar farms came to the fore.

Oil and gas majors moving aggressively into renewables must build and not buy their way in, or their contribution to global carbon reduction efforts will be significantly limited, RWE’s CFO Markus Krebber has said.

Solar and wind generated a record 9.8% of global electricity during the first six months of 2020, but further gains are needed if Paris Agreement targets are to be met, a new report has said.

Module manufacturer Seraphim has penned a 150MW module supply deal with wholesaler and solar importer Raystech.

JinkoSolar has unveiled its next generation, 610W N-Type Tiger Pro module at SNEC 2020.

Independent power producer Sonnedix has completed €321 million (US$377.61 million) in non-recourse financing for 13 solar plants in Spain.

Danish developer European Energy has secured €96.5 million (US$113.59 million) in funding for Italy’s largest solar park.

Global corporate funding for solar projects in the first half of 2020 was US$4.5 billion, a 25% drop year-over-year, according to a report from Mercom Capital Group.