Spanish renewable energy provider Iberdrola has secured a €150 million (US$160 million) loan from the European Investment Bank (EIB) to develop 400MW of PV and wind projects in Italy.
A round-up of the latest PV project news from the US and Europe, including two announcements in Spain, the inauguration of a pair of Hungarian PV plants and operations beginning at an installation in Colorado from Lightsource bp.
A round-up of the latest news from the US market, including Ameren’s progress on a 200MW solar installation acquisition in Missouri, Avantus breaking ground on a PV plant in Texas and EDF Renewables receiving approval for a 300MW solar project.
Arctech, a global PV tracker manufacturer, will supply its Skyline tracking solutions to a 78.8MW solar project in Lithuania, to be developed by Danish solar developer European Energy.
In the six months since the Inflation Reduction Act (IRA) passed into law, the US has seen over 100,000 new clean energy jobs created across 31 states as companies begin to capitalise on the incentives and security that the bill offers.
German IPP SUNfarming Group has extended its relationship with investor HANSAINVEST Real Assets through a €50 million (US$53.8 million) mezzanine financing agreement to develop PV projects in Poland.
Agrivoltaics developer Pristine Sun Corporation has secured US$250 million in financing to develop and expand its projects in California, Texas and Louisiana, as well as further afield across the continental US.
For large, utility-scale European PV projects, the key to growth and success in the coming years may be in partnerships and consistency across both engineering, procurement and construction (EPC) and environmental, social and governance (ESG) frameworks, as legislators and utilities lag behind the industry’s rapid growth.
