Spanish solar developer Solaria has signed off a financing framework with the European Investment Bank (EIB) for up to €1.7 billion (US$1.8 billion) to be deployed on 120 solar PV plants across Spain, Italy and Portugal.
Global demand for solar PV could rise up to 40% in 2023 as favourable economics in the solar sector combine with broad policies like the Inflation Reduction Act (IRA) and REPowerEU schemes.
The EU will add 69GW of solar and wind capacity in 2023, representing a 17% of increase year-on-year according to the EU's latest report presenting the REPowerEU plan progress one year after its launch
