Aurora: Negative prices, grids and market saturation remain challenges for European renewable power
Europe will more than triple its renewable power capacity by 2050, but this rate will not be enough to meet climate goals.
Europe will more than triple its renewable power capacity by 2050, but this rate will not be enough to meet climate goals.
The acquisition is part of the company’s plan to invest over €1 billion (US$1 billion) in French clean energy by the end of 2025.
Although the investigation is still ongoing, the allegations are for an attempted fraud involving €340,000 (US$352,000) in European Union (EU) funds.
The portfolio comprises 780MWp of solar PV and battery energy storage system (BESS) assets at “various stages of development.”
The plant, located in the Murcia region of Spain, is one of Europe’s “largest” operational solar PV installations.
Renalfa has acquired a 258MW solar project in Teleorman, Romania, which it expects to start commercial operation in 2027.
The Emeren Group has signed a seven-year power purchase agreement (PPA) for a 15MW solar project in Poland.
European solar manufacturing boasts a low carbon footprint, and falling material requirements, says SolarPower Europe.
The European Commission has launched a €3.4 billion call to support the development of “innovative decarbonisation technologies in Europe”.
In total, 540 projects were awarded capacity in a tender that ended up oversubscribed with more than 1.7GW capacity tendered and 643 bids.