spain solar

Iberdrola and the sovereign wealth fund of Norway have announced plans to invest more than €2 billion to add 1.3GW of renewables in Iberia.

Renewables investor Aquila European Renewables has secured a €50 million (US$54.7 million) debt facility through a 180MWp solar PV portfolio in Spain.

French renewable company Rubis Photosol has announced a plan to develop a 200MWp solar PV project in France.

AXA Investment Managers' investment arm AXA IM Alts has bought 25% stake in in Iberian renewables platform Finerge from Igneo Infrastructure Partners.

In a recent study, Rystad Energy said Spain is on track to become the first of the top five European countries, including France, Germany, Italy and the UK, by power demand to generate more than half of its power from renewable sources.

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

Renewables company BayWa r.e has inked a deal with German bank Norddeutsche Landesbank (NORD/LB) to secure €32.5 million (US$34.7 million) for a 54.1MWp solar project in Spain.

The solar projects are part of Repsol's plan to expand its business to international markets, as Italy offers great potential to strengthen its position in crucial European markets.

Spanish renewables developer X-Elio has secured €102 million (US$112 million) for three solar projects in Spain with a total capacity of 147MW.

Brookfield Renewable acquires a 50% stake in renewable developer X-Elio from its joint venture partner and investment firm KKR.