romania

Greek industrial group Mytilineos said its renewables and storage unit continues with “full speed” to invest in solar and battery energy storage systems globally following a 2021 that saw the business expand its PV engineering, procurement and construction (EPC) operations.

Renewables developer and asset owner Grasshopper Energy has signed an agreement that could support the development of up to 1GW of solar in Romania by 2030.

Investment company AtlasInvest has backed a new renewables development platform that is aiming to deliver 2.7GW of projects across Europe by the end of next year.

Renewables developers Econergy and Nofar Energy have completed the acquisition of a 155MW ready-to-build solar project in Romania from real estate developer Portland Trust.

Polish developer R.Power has entered the Romania solar market through a partnership with an unnamed renewable energy company that will see the two develop a solar portfolio totalling 100MW

Two European solar companies have announced new acquisitions as investment company TRIG secures 234MW of assets in Spain, while Greek industrial group Mytilineos signed an agreement for 90MW in Romania

Solar developer ReneSola returned to net profit last year despite struggling with declining revenues throughout 2020.

OMV and Verbund will deploy two-site 16MW installation northeast of capital Vienna, a 60,000-panel project set to become operational in late 2020.

There is a need for a pan-European investor-state dispute settlement mechanism, to give the solar industry a unified legal body to help it fight retroactive cuts and other policy U-turns across the continent, according to a European trade group.