Industrial group Baywa recorded €1.5 billion (US$1.63 billion) in revenues from its renewable energy business in Q1 2023, just under a 25% of the group’s total quarterly revenue of €6.3 billion (US$6.8 billion).
As the floating solar sector becomes more mature, larger projects are being deployed in a range of water bodies, presenting a host of construction challenges. Jonathan Tourino Jacobo talks to project developers about how the latest technology is driving growth.
The renewable energy arm of German industrial conglomerate Baywa Group has sold three solar plants in Spain with a total capacity of 115MW to L&G NTR Clean Power Fund, a new vehicle managed by Legal & General Investment Management and asset manager NTR.
Inverter design and configuration is continually evolving, and so are the strategies of the companies making this important piece of kit, writes Jonathan Touriño Jacobo.
Austrian utility EVN and renewables developer ECOwind are building what they said will be Central Europe’s largest floating PV system in Grafenwörth, Austria.
The CEOs of companies such as First Solar, BayWa r.e. and Meyer Burger have written to the European Commission (EC) to call for urgent action to support the redevelopment of European PV manufacturing.
German renewables company BayWa r.e. will tender 10TWh of green electricity later this year, describing the move as a “turning point” for Europe’s power purchase agreement (PPA) market.
