Europe

Octopus Renewables Infrastructure Trust plc is proposing a merger with Aquila European Renewables plc, to create one of the largest London-listed renewable energy investment trusts, expected to have a market capitalisation of GBP 745 million. ORIT awaits AERS' response as they enter into further discussions in the New Year.

The European Union has allocated €2.17 billion from the Modernization Fund to help nine Member States reduce GHG emissions and improve energy efficiency. Greece, Portugal and Slovenia to benefit from 2024. A joint effort between the EU, EC and EIB.

Valorem secures ETA for 300 MW solar project in Thessaly, powering 40,000 homes with 550 GWh of electricity each year. REN VALOREM Hellas is set to develop 700 MW of renewable energy in Greece.

Goldbeck Solar GmbH & Suncatcher Gruppe successfully sold a 9-MWp solar power complex in Barlinek, Poland. The 16,500 solar panels are estimated to provide clean energy to 4,000 households. Operations began in December 2023 - the first solar system of its kind in Poland.

Nordic Solar A/S has begun construction on a 53-MWp solar park in Central Spain, set to supply 28,000 European households annually with renewable energy. This ambitious project is in partnership with Elecnor SA and adds to Nordic Solar's 390 MWp of operational solar capacity across Europe.

Voltalia reaches milestone with 140-MW Karavasta solar park, helping to offset over 29,160 tonnes of carbon dioxide emissions every year and providing enough electricity for 220,000 Albanian residents.

Axpo Holding AG, a Swiss power producer, is aiming to revolutionize Italian energy production with 10 GW of solar PV capacity across Europe. Projects include a 3 MW facility supplying Novelis' factory in Lombardy and a 13 MW agrivoltaic park in Calabria. Get ready for a greener future in Italy!

X-Elio secures €35m from Bankinter to develop, operate and maintain three projects totaling 67 MW in Spain, furthering the company's commitment to addressing climate needs.

Revolutionary new technology for producing green hydrogen cheaper & more efficiently developed by IIT & BeDimensional S.p.A. using small ruthenium particles & solar-powered water electrolysis. Ruthenium costs 40 mg/kW - competitive & long-operating life. Up-scaled electrolysers powered by renewable energy sources will be next!

Octopus Energy and Nexta Capital Partners join forces for a new joint venture in Italy's energy storage market. The venture is expected to develop up to 1.5GW of energy storage systems, helping the country achieve its decarbonisation goals by 2030. Octopus Energy is also investing €1bn into the venture.

MET Group's Puerto Real 3 solar park in Spain has reached commercial operations- 50MW of energy produced from over 88,000 solar panels, located in Andalusia with its high solar irradiation levels. MET Group acquired the project in 2022 and has been in Spain for more than seven years with 400MW in operation.

Tap into Greece's renewable energy revolution with Copelouzos' new 400MW solar park! Covering 5,900 acres with 601,000 bifacial PV panels from Trina Solar, it's set to revolutionize the country's energy mix.

BayWa r.e. and Boston Scientific have partnered together to provide renewable energy from the 15.1MW Alcalá solar farm in Seville, Spain. This groundbreaking agreement enables Boston Scientific to match 80% of its electricity consumption in Europe, a step forward for sustainability.

Derex has installed a 2.1MW floating solar farm in Latvia to power the Sloka wastewater treatment plant. By 2023, the Sungrow-designed system using RECOM Technologies' modules will reduce electricity costs and reliance on energy market rates while protecting the local ecosystem.

Scatec's largest Ukrainian solar plant is now on the free market - with no loan & lower feed-in tariffs. Alina Sviderska, Country Manager, is delighted with the results. To counter low payments from the Guaranteed Buyer, renewable energy companies are selling electricity at market prices.