spain

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.

The deal will see Amazon buying 212MW of solar PV and 254MW of wind power from Iberdrola across Spain and Portugal

EDP has secured €700 million in loans from the European Investment Bank (EIB) to support the development of over 1.9GW of renewable energy capacity