Heidelberg-based firm turns to Southern European state for first unsubsidised solar venture after deploying conventional projects in Germany and the UK.
Deal between developer Solar Ventures and private equity outfit Zouk Capital underscores rising market confidence in Italy as home to unsubsidised PV after years of standstill.
Former will deploy 1.64GW of PV as part of 3GW pipeline in Teruel while latter secures preliminary grid go-ahead for 450MW installation in Guadalajara.
Launch of €100m complex in Castilla-La Mancha region comes as JinkoSolar lands deal to supply Cheetah modules to subsidy-free separate 300MW project in Cáceres.
Firm’s H1 2019 revenue and EBITDA increase mixes with profit margin squeeze as construction progresses in Spain, Chile and global pipeline hits 1.76GW.
Spanish energy distributor doubles EBITDA to €33m-plus after becoming offtaker for 708MW, 300MW and 270MW solar pipelines, marking shift for traditionally wind-leaning player.
Pressure from buoyant Greens and climate strikes sees Merkel-led coalition axe measure but PV reps warn lack of expansion targets will complicate filling gaps from fossil fuel phase-outs.
Europe’s top PV market must drive five-fold solar boom and hit 59GWh storage capacity by 2040 if it is to plug gaps left behind by phase-outs, says industry-backed analysis.
European Investment Bank mulls shifting lending to batteries and market-based clean energy projects as part of policy reboot to help EU lead fight against climate change.
