Europe

TotalEnergies has sold a 50% stake in a 2GW US solar and energy storage portfolio and acquired German renewable energy developer VSB Group.

Magdalena Hilgner of PLAY explains that projects that deliver power reliably and at a fair price will always be attractive for offtakers.

As solar panel prices continue their downward trend in November, module prices are expected to face a ‘slight uptick’ in December, according to the latest pv.index report.

Consultancy DNV has forecast transmission grid congestion in the next few years to hinder renewable energy deployment in Spain.

Robert Klein, who previously ran the company's Brazilian business, will assume the role from 1st January, 2025.

French independent power producer (IPP) TSE has secured €65 million (US$68 million) bond financing from asset management firm Eiffel Investment Group for a 800MW agrivoltaics portfolio.

MA Solar Italy, a subsidiary of McLaren, acquired FIMER for an undisclosed fee amid challenges for the inverter market.

In total, 540 projects were awarded capacity in a tender that ended up oversubscribed with more than 1.7GW capacity tendered and 643 bids.

Masdar acquired 70% of Terna Energy’s outstanding shares at €20 per share, valuing the company at an enterprise value of €3.2 billion.

Serbia has launched its second renewable energy auction, seeking 124.8MW of solar capacity alongside 300MW of wind capacity.