Solarpack increased its H1 operating revenues nearly three-fold (191%) year-on-year to €78.84 million (US$93.64 million), thanks in part to the commissioning of PV projects in Spain, Chile and India.
UK solar investor Foresight Solar Fund has agreed a €20 million deal to acquire a 26.1MW solar project in Spain, the company’s first in the country and its first ever subsidy-free solar investment.
Renewables operator Encavis has hit the accelerator on two major solar projects in Spain beset by COVID delays as it looks to capitalise on revenue growth.
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).
