Europe’s fleet of solar arrays generated 68TWh of power in the first six months of 2020, a 15% increase on last year’s figure as new, larger solar farms came to the fore.
Repsol has strengthened its commitment to renewable generation with the creation of a joint venture in Chile that will develop more than 1.6GW of green energy projects by 2025, comprising two solar facilities and three wind farms.
Iberdrola has hit the accelerator on its renewables investments in H1 in spite of the pandemic, as the multinational utility looks to move forward with a project pipeline that now exceeds 58GW.
Spain’s solar industry has the potential to drive the country’s economic recovery after the sector posted a record amount of new installed capacity last year, according to the Spanish Photovoltaic Union (UNEF).
Independent power producer Sonnedix has bought a 74.7MW portfolio of PV plants in Spain from private equity investor JZ International (JZI) and Elliott Advisors (UK).
Spain’s PV industry has welcomed government approval of a package of legislative measures aimed at speeding up the country’s transition to 100% renewables.
Utility enlists telecoms giant Telefónica for 10-year deal while asset manager lines up bond package from UK-based investor Pension Insurance Corporation.
