Europe

Estonian IPP Sunly has secured a €62 million (US$68 million) loan to build and operate the Baltics 'largest' PV plant.

The company said it would supply "one of the largest tech companies in the US" with roughly 2.9GWh of solar power from 2026 through 2040.

German IPP Enerparc has secured a €266 million financing package for the construction and operation of a 400MW solar PV portfolio in Germany.

The European Commission has launched a consultation seeking feedback on the State aid Framework accompanying the Clean Industrial Deal.

Velto Renewables and Q Energy have announced plans to develop over 500MW of renewable energy capacity in Europe.

The ninth auction for rooftop solar PV awarded 54 projects with an average price of €98.2/MWh, a slight decrease from the previous tender.

The changing landscape of international aid to Ukraine puts a new focus on its energy sector and the boom in self-consumption PV systems.

Greek renewables firm Terna Energy, a subsidiary of Emirati state-owned developer Masdar, has invested in a 130MW solar PV plant in Bulgaria.

The European Investment Bank (EIB) has committed €250 million to support the development of Burgenland Energie’s 2GW solar and wind portfolio.

Danish renewables firm European Energy has secured €68 million (US$73.4 million) in financing for a 148MWp solar PV plant in Latvia.