Europe

Spanish energy utility giant Iberdrola has appointed the former CEO of its US renewable energy development subsidiary, Avangrid, as its new head.

Independent power producer (IPP) Recurrent Energy has secured €61.5 million (US$71.4 million) in financing for its Italian renewables portfolio.

Imbalances in investment mean that action will be needed if the solar industry is to help meet the world’s climate change targets.

Independent power producer (IPP) Enery Development has formed a 50-50 joint venture (JV) with Romanian oil and gas producer OMV Petrom to build a 400MW solar PV plant in Bulgaria.

As solar plants age, the possibility of voltage collapse increases. Thomas Mart and Jeetu Jangle of Solarlytics examine the problem.

Solar project developer Cero Generation has started commercial operations at its 48MW Castrum agrivoltaics (agriPV) project in western Italy.

Q Energy and Velto Renewables have inaugurated Europe’s largest floating solar power plant in the Haute-Marne region of France.

The volume of power purchase agreements signed in May has registered a low of 280MW, according to Swiss consultancy Pexapark.

Eni has sold a 20% stake in its renewables arm, Plenitude, to global investment manager Ares Management Corporation.