Hamburg-based solar operator Blue Elephant Energy has joined forces with renewables developer Umweltgerechte Kraftanlagen (UKA) to develop a 500MWp solar portfolio in Germany.
Despite additional solar and wind contributing to a record reduction in global coal generation last year, new renewable energy projects are still not being built quickly enough to keep pace with rising electricity demand.
Berlin-based greentech startup Zolar has raised an additional €10 million (US$11.9 million) in an investment round led by Energy Impact Partners, bringing its series B funding to €35 million.
The rapid scale-up of solar capacity in the European Union drove the growth of renewable electricity generation, which overtook that of fossil fuels for the first time last year.
Meyer Burger has been pledged a total of €22.5 million in regional German government grants when the company starts ramping volume production capacity to 1.4GW for its heterojunction (HJ) solar cell and module assembly.
