Spanish oil major Repsol has sold a 25% stake of its renewables arm to a consortium formed by Crédit Agricole Assurances and Energy Infrastructure Partners.
Danish energy company Ørsted is establishing an onshore renewables business in Spain as it looks to participate in the country’s auctions and develop solar, wind and energy storage projects.
A round-up of the latest solar project news, as BNZ enters Portugal, Centrica pens a VPPA with Matrix Renewables in Spain and a 73MW plant in California is completed.
Spanish utility Iberdrola will invest €3 billion (US$3.2 billion) in green hydrogen, the company’s chairman, Ignacio Galán, has announced as he called for a stable European framework to boost investment in the technology.
German renewables company BayWa r.e. will tender 10TWh of green electricity later this year, describing the move as a “turning point” for Europe’s power purchase agreement (PPA) market.
The European Union (EU) should set higher solar PV deployment targets and speed up the energy transition to phase out its energy dependency on Russia as soon as possible, according to five member states of the bloc.
German conglomerate BayWa benefited from high demand for solar modules during the first quarter of 2022, with its revenues bolstered by the sale of an operational PV plant in the US.
