Italy

Ellomay Capital Ltd (TASE:ELLO) on Monday said it has sold twelve solar power plants with a total capacity of 22.6 MW for EUR 38.7 million (USD 42.6m) in cash.

Spain’s renewable credentials have attracted the eye of an Italian infrastructure investor. Already, the Italian has acquired a PV Developer and the merchant projects it was working on.

The Italy-based energy company is going to purchase the photovoltaic development pipeline for an undisclosed amount using a subcompany. The purchaser has pledged to begin constructing its first large unsubsidized photovoltaic plant in the first months of the coming year.

A foreign renewable player has set its sights again on the Italian solar market, announcing a large-scale pipeline in a year when the country staged a comeback of its green energy policies.

Economic thinktank Carbon Tracker used financial modeling to determine the profitability of every coal power plant in the EU. On average, 79% of the facilities run at a loss, with Germany, Spain and Czechia among the states particularly exposed to the consequences – for coal investors and the public.

The manufacturing facility, idled a few years ago, will produce bifacial modules. The company claims panel efficiency exceeds 20.5% and the factory has an annual production capacity of around 200 MW.

The Italian fossil fuel company is not hanging around when it comes to diversifying into PV, with almost 1.5 GW of generation capacity plugged in since the start of last year.

A microscopic quantity of two-dimensional titanium carbide called MXene significantly improves collection of electrical charges in a perovskite solar cell.

Europe’s second largest solar market has marked a subsidy-free boost this week, with two players joining forces to deploy a pipeline in a country where PV growth was muted for years.

The central Italian province of Viterbo has 1,359 MW of solar generation capacity in the development and approvals process. The mass of projects has raised opposition from some locals and developers are in talks with government officials to discuss how concerns can be addressed.

An Italian research team has developed a device that it says can easily be integrated into a PV cell, and can boost its efficiency by converting more light particles into a high energy state before they are absorbed by the cell. The scientists claim that their innovation could offer a green‐to‐blue photon upconversion yield as high as 15%.

The global solar market is growing rapidly but remains highly fragmented, Wood Mackenzie says.

According to figures from Italian renewables body ANIE Rinnovabili, 18,036 storage systems coupled to clean energy power generation have been installed in the country. Most of the batteries are in Lombardy, whose administration offers rebates.

Chinese state-owned PV manufacturer Jetion Solar says it has signed a deal with Italian government-owned oil and gas major Eni to develop a slew of new solar projects across five regions in the next three years in a deal worth €2 billion.

Jetion Solar and Risen Energy have made the latest in a fast-growing series of moves by Chinese operators to service reviving European markets, aided by last year’s scrapping of EU tariffs.