europe

The Sun Investment Group (SIG) has secured a debt facility to support its development of 1.97GW of new solar capacity in Poland.

French independent power producer (IPP) Neoen has signed a power purchase agreement (PPA) with SNCF Energie for a 139MW solar PV plant in central France.

The Austrian government has introduced a “made in Europe” subsidy bonus for European photovoltaic components.

Solar module demand increased in Europe in May, according to data from solar wholesaler sun.store, as buyers’ confidence rose and the price of bifacial modules fell.

Recurrent Energy, the solar project development subsidiary of global solar manufacturer Canadian Solar, has made an initial closing on BlackRock’s investment.

The development includes the 445MW Bilasuvar solar PV project, the 315MW Neftchala solar PV project, in addition to a 240MW wind project.

A report from Ember Climate notes that wind and solar generation in the EU have cut fossil fuel generation by one-fifth between 2019 and 2023.

Ember Climate suggests that the EU will need to invest at least €58.4 billion a year on transmission and distribution grids.

Sunmind, a subsidiary of construction firm VINCI Concessions, has acquired solar developer Helios Nordic Energy for US$73 million.