Europe

Modus Asset Management secures EUR 14 million from SEB Bank to finance the purchase of a solar portfolio in Lithuania with bifacial photovoltaic panels and single-axis trackers. This acquisition brings Modus' solar portfolio up to 76 MW and is expected to generate 26 GWh of electricity annually.

Voltalia secures PPA with Co-op for 34-MW Eastgate solar project in Northern England. Co-op to purchase green energy for 15 years, enough to power 170 food stores and 500 funeralcare homes, helping reach net zero operations by 2035.

Discover why Romania's largest solar power project in Europe was cancelled. Learn how private companies are blocked from building projects over 50 hectares outside urban areas and read about Germany's 800MW floating solar power plant in Bulgaria!

Gresham House Energy Storage Fund energises West Didsbury 50MW battery in Manchester, England. Operational capacity reaches 690MW with revenue expected in December. Expansion to 100MWh in 2024 and 1.1GW/1.7GWh of projects by year end. Each megawatt/megawatt-hour capacity lowers cashflow and more commissioning announced soon.

INVL Renewable Energy Fund I secures EUR 25 million loan from Kommunalkredit Austria AG to back 451 MW of solar parks in Romania and Poland. Construction set to be completed by end of 2025.

Renew your power: R.Power Renewables, a Poland-based energy company, has purchased a 18-MWp solar project portfolio. 306 MWp projects sold and 471 MWp acquired since establishment with more planned. Discover this energy revolution!

Ignitis Group makes historic FID to build 239-MWp solar capacity in Latvia - largest ever such investment in Baltic states. EUR 178 million investment to increase green generation of Ignitis to 4-5 GW by 2030, construction to start in 2021.

Norwegian power company Statkraft AS wins the bid for Spanish infrastructure builder Elecnor SA's renewables unit Enerfin, valued at EUR 1.8 billion. Strengthening its operations in Spain and Brazil, Statkraft secures a share in 1,734 MW of wind and solar projects.

GE Vernova & Alfanar form JV to develop 334MW of wind & solar projects in Spain; targeting ready-to-build status by 2025 & COD by 2027. Plans to explore battery & energy storage solutions.

Greenvolt is striving to be the first to get certified by the Portuguese govt in the near future. Discover the full story and see why this certification matters!

Pacific Green Technologies Inc has taken a majority stake in a 500-MW/2,800-MWh portfolio of BESS projects in Italy, with the CEO noting the move as part of their European expansion. Construction of the facilities to start in late 2025, with a 35-year operating lifespan.

Cero Generation and Macquarie's Green Investment Group have successfully launched the 70-MW Pontinia solar photovoltaic plant in Italy's Lazio region. The agrivoltaic project produces electricity for the grid and two virtual PPAs with Heineken NV and Philips, while also growing agricultural crops on 65% of its surface area.

EDP Renewables has achieved a major milestone with the completion of its first 5 MWp solar park in northeastern France. The Neuilly project will generate enough electricity to meet the needs of 1,200 households and mitigate over 2,500 tonnes of CO2 emissions every year. This is just the start of EDP's renewables expansion into France, with plans to develop 330 MWp of solar capacity and manage an additional 388 MW for clients. Join the French renewable energy revolution and make the switch to clean energy today!

Foresight Solar Fund Ltd (LON:FSFL) sells 50% stake in 99-MW Lorca solar portfolio, 21% premium to value. Funds will be used to reduce credit facility. 200 MW more divestment underway. Alexander Ohlsson highlights successful acquisition strategy.

Kyon Energy has been given approval to construct the largest battery energy storage system in Europe. The 137.5-MW/275-MWh project will be capable of powering one million households for one hour and is set to begin construction in 2021. Kyon Energy is leading the way in energy storage with their 500 MW projects.