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The funds will support the development of the Stor’Sun I and II hybrid solar-plus-storage projects in Trou d’Eau Douce, situated in Mauritius' Flacq district. Image: Pascal Raczek - Qair

FINANCING ROUND-UP: CREC, BRUC, Qair and Greenalia secure funds for projects

August 8, 2025
This week several solar developers have raised funds for projects around the world, including BRUC in Europe, Greenalia in the US, Qair in Mauritius and CREC in Philippines.
The acquisition brings Sonnedix’s operating capacity of over 1.25GW in Spain. Image: Sonnedix.

SPAIN ROUND UP: Sonnedix and Prosolia acquire projects, Iberdrola and Burger King sign PPA

August 5, 2025
Sonnedix and Prosolia have acquired projects, while Iberdrola has signed a 34MW PPA with Burger King covering 109MW total.
Matthias Taft to leave CEO role at BayWa r.e. in August

BayWa r.e. CEO to leave in August, company sells PV portfolio in Spain

July 31, 2025
Matthias Taft, the chief executive officer of renewables developer BayWa r.e., will leave the company at the end of August.
Soltec plans to double its US revenues by 2050. Image: Soltec

Soltec to sell 80% stake in restructuring plan

July 30, 2025
Spanish solar energy company Soltec has found an investor that will acquire 80% of the company’s shares in a restructuring move.
Render of MCPV manufacturing plant in the Netherlands

Spain to invest €480 million in renewables manufacturing

July 29, 2025
The Spanish Ministry of Ecological Transition (MITECO) has launched a new renewables manufacturing subsidy programme.
A Zelestra project in Spain.

Zelestra, EDP sign ‘first’ solar-plus-storage PPA in Spain

July 28, 2025
Spanish energy firm Zelestra and Portuguese utility EDP have signed what they call the “first” solar-plus-storage power purchase agreement (PPA) in the Spanish renewables market.
The150MW solar plant in Tarouca, northern Portugal, is the company’s largest European plant to date. Image: Sonnedix.

Sonnedix secures US$2.35 billion through refinancing deals to fund European growth

July 24, 2025
Spanish independent power producer (IPP) Sonnedix has raised €2 billion (US$2.35 billion) through two refinancing transactions in Europe.
Spanish president, Pedro Sánchez, said he will bring these measures back to Congress and said “I can tell you that it will be approved".

Spanish Congress rejects blackout grid reform decree

July 24, 2025
The Spanish Congress of Deputies has toppled the royal decree-law aimed at reforming the grid after the 28 April blackout, which affected the Iberian Peninsula.
European renewable energy PPA signed on a monthly basis - Pexapark

Europe signed 4.2GW solar PV PPAs in H1 2025

July 18, 2025
Companies have signed 4.22GW of solar PV power purchase agreements in the first half of 2025, according to Swiss consultancy Pexapark.
Supported by 11 international banks globally, the debt term for the loan has been extended to 2029. Image: Zelestra.

Zelestra secures additional US$252 million sustainability-linked loan

July 3, 2025
Spanish IPP Zelestra has secured a €235 million (US$277 million) increase to its sustainability-linked loan, bringing the total to €770 million.

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