EBRD invests €100 million into Green Genius, becomes minority shareholder
The EBRD has committed €100 million to Lithuanian renewable power developer Green Genius, to expand its work in Europe until 2029.
EU Commission approves €1 billion Portuguese energy transition scheme
The European Commission (EC) has approved a €1 billion (US$1.1 billion) Portuguese state aid scheme to support investments in the production of renewable energy equipment.
OMV Petrom completes 710MW Romanian solar PV portfolio acquisition
In related Romanian news, Simtel has partnered with Monsson to develop, construct and sell 150MW of solar PV and/or hybrid projects.
EU Commission approves €1.2 billion Polish renewables manufacturing scheme
The aid will take the form of direct grants and will be open for companies producing solar panels and batteries among others.
Moldova targets 30% renewable electricity consumption by 2030
One of the ways for the country to increase its installed renewable energy capacity will be through the launch of tenders.
Ember: Central Europe could add 180GW of agriPV
A report from Ember estimates that 39GW of agriPV could be deployed above shade-benefitting crops such as berries.
Sunly secures €300 million to fund 1.3GW renewables portfolio in Baltics and Poland
One of the first projects to benefit from Sunly’s securing the €300 million debt financing is a 244MW solar PV plant in Estonia.
EBRD finances 315MW solar PV projects in Romania
Consisting of two projects, the Iepuresti (169MW) and Ghimpati (146MW) plants are located in the southeastern region of Muntenia.
Lightsource bp signs 500MW solar PV development agreement in Germany
Over the next two to three years, the companies aim to build solar PV projects of at least 20MW capacity in Germany.
Solar and wind generation exceeds fossil fuels in the first half of 2024
Solar and wind power accounted for 30% of the EU’s electricity generation in H1 2024, exceeding the contribution of fossil fuels.
