Solar PV and wind are now the cheapest power sources globally, with hybrid systems increasingly delivering 24/7 electricity at fossil-competitive costs, according to an IRENA report.
Renalfa IPP has secured funding from the European Bank for Reconstruction and Development (EBRD) for its Szihalom 450MW solar-plus-storage project in Hungary.
Work has begun on the 500MW Maun solar-plus-storage project in Botswana, which will be a cornerstone of the country's plan to reach 1.5GW of operational renewable energy capacity by the end of the decade.
ILOS Projects has upsized its structured credit facility to €450 million, as it targets more than 2GW of solar PV and BESS capacity across Europe by 2028.