Europe

Swiss renewable energy investment group GoldenPeaks Capital and German commercial bank Nord/LB have closed €109 million in financing to support two solar PV project portfolios in Poland.

119 bids were successfully awarded contracts, for a total of 258.5MW capacity. Successful bids ranged between €0.0795/kWh and €0.1019/kWh, with a volume-weighted average price of €0.0894/kWh.

A round-up of the latest solar project news, as Lightsource bp commissions its first PV project in Poland, Soltec receives EIA on a 220MW solar portfolio in Italy and Iberdrola completes two plants in Portugal.

In the first half of 2024, Italy has installed 3.7GW of new renewable energy capacity, of which 3.3GW came from solar PV.

The modules are being shipped to SolarPro, a Bulgarian engineering, procurement and construction (EPC) company which specialises in renewable and hybrid energy projects.

LevelTen energy has published its latest report into renewable energy PPA prices, with the average European PPA price falling by 27%.

Balcony installations have been growing in Germany since the government streamlined the registration process in April.

The EU and the US are leading efforts to reduce the carbon intensity of PV manufacturing through targeted import tariffs. As well as supporting decarbonisation efforts, such policies could also promote geographic diversification in the solar supply chain and greater supply resilience, writes Michael Parr of the Ultra Low Carbon Solar Alliance.

Soltec has launched 4x4, a new foundation option for its SFOne range of trackers that aims to improve the flexibility of the range.

Recent PV pricing volatility has prompted Platts, part of S&P Global Commodities, to launch a new module spot market tracker for the US, Asia and Europe.