A round-up of news coming from Europe, with IPP Encavis acquiring a 265MW solar PV portfolio in Italy, Iberdrola starting construction on 366MW of solar PV in its home country and IPP Sonnedix signing a renewables supply agreement with a subsidiary of Volkswagen in Spain.
Maria Popova of the European Federation of Energy Traders makes the case for power purchase agreements from renewable sources, as the sheer volume of renewables growth required to reach Europe’s climate target means that public financial support is unlikely to be sufficient for the task, and market-based instruments and mechanisms need to be deployed alongside.
Solar deployment in Iberia is being held back by planning and permitting and regulations unfit for the emerging energy paradigm and European Commission intervention may be necessary, a panel of investors has concluded.
