europe

RWE has updated its “growing green” renewables investment plan, and aims to expand its green portfolio by 65GW between 2024 and 2030.

Econergy has closed a €60 million funding facility with Austrian bank Raiffeisen for its 155MW Ratesti solar project in Romania.

Lightsource bp has launched a request for submissions for its latest multi-buyer corporate power purchase agreement in Europe.

According to reports from Norwegian media outlets, the price of electricity in Norway, alongside worldwide overproduction of polysilicon, made REC’s operations untenable in comparison with its Chinese competitors.

A “toxic inventory” of modules has been building up in Europe because market growth has been slower than expected, according to S&P Global.

PV Tech spoke to Isabel Rodriguez, managing director at Glennmont Partners, about the challenges for the European solar supply chain.

Developing, sourcing, building and maintaining solar PV projects routinely runs into the millions of dollars of long-term investment, and the impacts of serious theft on a solar asset owner can result in lost revenues, lost energy generation and sometimes lost insurance and ability to operate.

Solar project developer and asset owner Photon Energy Group has posted reduced revenues and EBITDA in its  financial results for the first nine months of 2023, which the company attributed to “lower realised electricity prices and a slow-down in PV components trading”.

European electric vehicle infrastructure company Allego has signed two ten-year power purchase agreements (PPA) for a total of 100GWh of annual power output. The deals are linked with a solar PV and a wind generation project.

SolarEdge has posted a downturn in Q3 financial results, which it attributed to a “slow market environment, in particular in Europe”.