UK-based energy group Octopus Energy’s generation arm has invested in independent power producer (IPP) FF New Energy Ventures (FFNEV) to develop 1.6GW of solar and storage in Spain and Portugal.
The EU installed 47% more solar in 2022 than last year and is on track to double its capacity by 2026 to an expected 484GW, according to a report by industry association SolarPower Europe.
Spanish oil major Repsol has acquired renewables energy investment platform Asterion Energies from European infrastructure fund Asterion Industrial for €560 million, plus up to €20 million in contingent payments.
Solar tracker manufacturer Soltec has signed an agreement with Endesa’s renewable subsidiary, Enel Green Power España, to build a solar tracker production facility in Spain.
Spain is on track to install more than 4GW of utility-scale solar in 2022, a 25% increase on last year’s figures, according to José Donoso, head of the country’s PV association, UNEF.
Greek developer Mytilineos has completed third-party engineering, procurement and construction (EPC) contracts on a backlog of solar PV projects in Chile, Uzbekistan and Spain.
