European Energy (EE) has received a construction permit for a 250MW PV plant in Catania, Sicily. The company said that the installation will be the largest in Italy upon completion.
US renewables developer EE North America has acquired a majority stake in two Colorado solar PV projects with a combined capacity of 700MW, adding to the company’s now 2.5GW-strong US development pipeline.
Arctech, a global PV tracker manufacturer, will supply its Skyline tracking solutions to a 78.8MW solar project in Lithuania, to be developed by Danish solar developer European Energy.
Sky-high electricity prices and an increasing urgency to curb fossil fuel led to a surge in European solar additions last year. Jules Scully charts how the continent’s ongoing energy crisis is affecting EU renewables policy and PPA appetite.
Nearly 40GW of solar PV will be rolled out across Europe by the end of the year, according to SolarPower Europe (SPE), as the continent scrambles to deploy renewables and wean itself off Russian gas.
The European Council (EC) yesterday reached an agreement on a revision to its Renewable Energy Directive (RED) as part of its ‘Fit for 55’ package that has increased its renewables targets and called for accelerated permitting for clean energy projects.
High power prices in Europe may be obscuring the impacts of price cannibalisation that threatens the future profitability of renewable energy on the continent, with a ‘belt of doom’ observed in Germany and Spain at risk of 30% cannibalisation rates by 2030.
