Europe

Northvolt has secured a $400M investment from IMCO to expand their battery production capacity, with a focus on clean energy manufacturing, regional sourcing, and closed-loop circularity through recycling. This investment supports meaningful capital deployment for the energy transition and managing ESG risks.

Alight has signed a PPA with Axfood for the largest solar park in Sweden, unlocking non-recourse project financing. SEB will provide the debt financing to build the 64MW park, which will be operational in 2024 and feature initiatives to promote biodiversity.

Aura Power has achieved two major milestones - a 200-MW/800-MWh BESS in Italy and a 49.9-MW solar park in England - to power 35,000 homes & 21% of East Devon households. It also has 1-GW battery & 80-MW solar projects in the pipeline.

Soltech and Solgrid have entered a partnership to develop and operate 300 MW of ground-mount solar projects in Southern Sweden. Solgrid is investing SEK 2 billion with potential orders of SEK 1 billion for project development. Applications are submitted and construction is expected in 3-4 years.

Fred Olsen 1848 has launched Bolette - a proprietary system to allow floating solar arrays to cope with wave and wind loads. Bolette is a cost-effective and simple solution, with 150kW pilot installation planned in Norway this summer and 3MW commercial project in 2024. Unlock the potential of floating solar with Bolette.

Grenergy Renovables SL, a Spanish renewables developer-operator, has agreed to sell its 150 MWp Belinchon solar power facility in Cuenca to a European IPP. The transaction is expected to close by the end of the year, with a net profit of EUR 83 million. This is the first milestone of the Valkyria initiative, with 1.1 GW of solar assets to dispose of in Spain and a pipeline of 14 GW, including 1.8 GW of assets and 10 GWh of energy storage projects.

Voltalia has officially inaugurated its largest solar park to date in the UK. South Farm Solar Park has a capacity of 49.9MW, enough to cover half of the City of London Corporation's electricity needs. The project is funded by Santander UK and contributes to the City of London Corporation's energy transition away from fossil fuels.

EDPR signs PPA with Google for four photovoltaic projects in The Netherlands. This agreement marks the first PPA secured by German solar developer Kronos Solar EDPR and sends a strong signal for its 5GW+ project pipeline. Now accelerating the production of clean energy in The Netherlands and other European markets.

European Energy has signed a 10-year Power Purchase Agreement (PPA) with Faerch Group to supply renewable energy from the 40MW Bubney Solar Farm. This partnership will reduce carbon emissions and improve sustainability for Faerch Group while providing a milestone for European Energy's UK energy operations.

Montenegro's CGES and MEnergy agree to connect 385MW solar power plant to the grid, with gov't support to grow solar energy. Tax incentives and network investments of EUR 195 million further the cause

Pacific Green Technologies Inc. has announced a GBP 74 million deal for a 99-MW battery energy storage system (BESS) in Richborough Energy Park, Kent, England. Senior debt and equity secured for the project; completion expected within weeks. Move part of a 1.1-GW BESS project pipeline in the UK.

Iberdrola SA, a Spanish utility company, has secured financing from the European Investment Bank (EIB) for the construction of solar and wind power plants in Spain, Portugal, and Germany, totaling 2.2 GW capacity.

German renewable energy developer ABO Wind AG and battery storage expert Tricera Energy GmbH have joined forces to install three battery storage systems in Germany, with an aggregate capacity exceeding 25 MWh.

Trianel Energieprojekte GmbH & Co. KG (TEP), a developer of renewable energy projects, has kicked off the installation of 60 MWp of solar power in Germany, spanning four initiatives. Each of these projects will incorporate a battery storage facility.

In its first ever solar power self-consumption tender, Luxembourg has committed to supporting a 46 MWp capacity in the commercial sector. This move will see the nation invest EUR 16.1 million (USD 17.2m) towards 46.3 MWp of chosen projects