Europe

Revolutionizing Romania: NextE signs 25-year PPA with RAAL for 7.4MW PV facility, with ProCredit Bank providing EUR 3.15 million green loan. EU adds to support via Recovery & Resilience Facility while Hidroelectrica cancels tender for largest solar project in Europe.

Statera Energy secures £300m financing for 400MW energy storage system in Essex, England. This strategically located project is key to UK's transition to net zero and will provide energy system resilience. Financing led by Lloyds Bank and Statkraft support this project as testament to its quality.

Neste strikes a power purchase agreement with renewable energy company CPC Finland Oy to supply 24GWh of solar power to its Porvoo refinery. Get 75% of your electricity from renewable energy with Neste's long-term commitment.

Statera Energy Limited secures GBP 300 million in debt financing to deliver the UK's largest 300-MW/600-MWh BESS project near Greater London. Statkraft support enables the financing of over 16 GW of Statera projects, with 7.5 GW expected to be operational by 2030.

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.