europe

Solar electricity generation in the EU grew significantly last year thanks to a rise in adoption in major countries, according to a study conducted by energy think tank Ember.

Power purchase agreements must become a mainstream tool for the development and energy supply of renewables, according to SolarPower Europe.

Spanish energy company Cepsa has announced plans for a 200MW solar PV project to supply power to a green hydrogen plant in Andalusia, Spain.

The US and Europe saw relatively modest increases in the average prices of solar power purchase agreements (PPA) in Q4 2022; 4% and 3% respectively.

Renewables developer Fotowatio Renewable Ventures (FRV) has declared its entry into the German market, opening its first German office in Munich in December and expressing the intention to develop 2GW of solar and energy storage assets in the next four years.

European trade body SolarPower Europe has launched a Solar Best Practices Platform aimed to award quality badges to PV project developers.

Infrastructure investor Marguerite has announced a plan to invest up to €60 million to launch an investment platform catered to new PV projects.

The European Investment Bank (EIB) has committed €28.5 million (US$30.8 million) to support the construction of 230MWp of solar PV projects in Greece’s Western Macedonia Region.

Renewable energy investor and asset manager NextEnergy Capital has launched its most recent international solar capital fund, NextPower V ESG (NPV ESG), with a target of US$1.5 billion in capital commitments and a ceiling of US$2 billion.

German rooftop solar installer Enpal has closed its Series D funding round with €215 million (US$230 million) in funding from a group of investors led by TPG Rise Climate, the dedicated climate-investing subsidiary of TPG Rise.