poland

The European Union (EU) generated a record 12% of its electricity from solar between May and August 2022, a report from think tank Ember has revealed.

Solar developer ib vogt has closed financing on a 135MW solar plant in Poland via a US$90.4 million commitment from German bank BayernLB and Siemens Financial Services.

Polish engineering company Electrum Solutions has deployed Huawei SUN2000 series string inverters in its latest PV projects, which it says significantly increases energy yield and ensures the optimal operation.

Against the backdrop of Europe's energy crisis and the war in Ukraine, power purchase agreements in Poland have been garnering increasing attention from utilities and corporates alike that are concerned with future prices trends and are opting to lock in supply now at higher prices.

German utility RWE has acquired Polish developer Alpha Solar which has a solar project pipeline of nearly 3GW.

German project developer Energiequelle has entered the Polish renewables market with an eye on 30 projects with more than 1GW of capacity.

Spanish utility Iberdrola has entered into an agreement for the acquisition of 98MW of solar and wind projects in Poland with Augusta Energy.

European power purchase agreement (PPA) prices have surged by a “staggering” 47% year-on-year as the continent’s energy crisis persists with soaring inflation, LevelTen Energy has said.

EDP has continued its renewables drive in Poland with the acquisition of distributed solar PV installer Zielona Energia.

Polish developer R.Power is seeking a primary equity capital raise to fund its future growth plans in several European countries.