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R.Power has issued green bonds worth (€122 million (US$130.6 million) to support the development of new solar and storage projects in Poland.

Estonian independent power producer Sunly has started construction on three utility-scale solar PV parks in Latvia.

Rezolv Energy has secured €90 million in debt financing for its upcoming 225MW St. George solar park in Bulgaria.

The EBRD has committed €100 million to Lithuanian renewable power developer Green Genius, to expand its work in Europe until 2029.

In related Romanian news, Simtel has partnered with Monsson to develop, construct and sell 150MW of solar PV and/or hybrid projects.

The aid will take the form of direct grants and will be open for companies producing solar panels and batteries among others.

One of the ways for the country to increase its installed renewable energy capacity will be through the launch of tenders.

A report from Ember estimates that 39GW of agriPV could be deployed above shade-benefitting crops such as berries.

One of the first projects to benefit from Sunly's securing the €300 million debt financing is a 244MW solar PV plant in Estonia.

Consisting of two projects, the Iepuresti (169MW) and Ghimpati (146MW) plants are located in the southeastern region of Muntenia.