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European solar investors are coming to terms with smaller returns, however banks, governments and grid operators could do more to help alleviate risk and ease investor concerns.

Iberdrola has formed a strategic alliance with insurance company Mapfre that will initially invest in 230MW of clean energy projects in Spain, including 130MW of solar PV.

Clean energy investment platform Renewable Power Capital (RPC) has announced the creation of a new joint venture that will develop and acquire 3.4GW of solar PV in Spain.

Oil and gas company Galp has contracted a consortium to start construction work on its first large-scale PV plant in Portugal next month.

Encavis expects revenue from its solar parks to rebound this year following a 2020 that saw the company’s portfolio affected by “average” meteorological conditions.

A round-up of the latest solar project news from around the world, including updates from R.Power, Grenergy Renovables and Duke Energy Florida.

Oil group Eni and Italian state lender Cassa Depositi e Prestiti (CDP) have created a joint venture (JV) that will invest more than €800 million in Italy’s renewables sector by 2025.

Sungrow has provided its central inverters to a 187MW solar project in Germany that has been developed by utility EnBW without state funding.

Endesa has bought a portfolio of 11 solar projects that it says will help decarbonise an industrial area in southern Spain when operational in 2024.

EDP, Iberdrola and BayWa r.e. are among the signatories of a new charter that calls on Europe to “accelerate and massively deploy” additional renewables capacity to support the continent’s green hydrogen ambitions.