spain

The Spanish Ministry of Ecological Transition (MITECO) has awarded funding to seven solar PV manufacturing projects with more than €210 million.

Consisting of three utility-scale projects – 105MWp, 73MWp and 26MWp, respectively – the projects are expected to be completed in 2026.

Velto Renewables and Q Energy have announced plans to develop over 500MW of renewable energy capacity in Europe.

The move is an effort to strengthen its financial position after reporting losses of €126 million in the first half of 2024.

Tech and retail giant Amazon has secured 870MW of solar PV and wind power purchase agreements (PPAs) in Spain.

Iberdrola invested a record €12 billion into its operations in 2024, which yielded a 31% increase in operational solar capacity.

Zelestra has signed a power purchase agreement (PPA) with electric vehicle manufacturer Tesla to sell 57MW of solar capacity.

The commercial and industrial (C&I) segment represented the bulk of additions in 2024 with 1,085MW, while residential solar added 346MW.

The deal was signed with the Energize programme, a renewable energy purchasing vehicle for pharmeceutical companies.

The gap between the largest and smallest markets in the European renewable energy sector have narrowed in recent years.