The European Commission (EC) has approved Germany’s modification to its renewables energy scheme, which is designed to help the country achieve its renewable targets.
German independent power producer (IPP) ILOS Projects has secured a €500 million (US$531 million) structured finance facility from global energy and infrastructure investor EIG, intended to fund ILOS’s plans for over 2GW of solar and battery storage capacity by 2026.
The EU installed 47% more solar in 2022 than last year and is on track to double its capacity by 2026 to an expected 484GW, according to a report by industry association SolarPower Europe.
The German Federal Network Agency has announced the results of its most recent auction for ground-mounted utility-scale solar PV, with 677MW worth of applications received and just 609MW approved out of a possible 890MW tendered.
Trina Solar, the Chinese-headquartered solar PV manufacturer, has partnered with renewables developer GP Joule to complete a 170MW solar park in Germany.
RWE, the German renewable energy developer, will offer profit returns to municipalities where one of their wind or solar farms is located as part of an expansion of the German Renewable Energies Act (EEG).
RWE will build a more diversified renewables portfolio following its acquisition of Con Edison Clean Energy Businesses, a deal the German utility said will make it the second-largest solar operator in the US.
