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Finland, Luxembourg Commit For EU’s Renewable Energy Financing Mechanism

The implementation of the EU renewable energy financing mechanism has taken an important step forward as binding commitments have come from Finland and Luxembourg who will now take part in a cross-border tender for renewable energy. The announcement by the two countries follows an invitation by the Commission to all EU countries last year to […]

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Canadian Solar Renews EUR 100 Million Note Program

Canadian Solar Inc. has announced that Canadian Solar EMEA Capital Markets, its wholly-owned subsidiary in Spain, has registered its EUR 100 million medium term note program in the MARF (a Spanish multilateral trading facility). Canadian Solar said that any payment under the notes issued under the note program will be guaranteed by the company. The […]

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Germany’s BayWa r.e. Builds Central Europe’s Largest Floating Solar Plant

ECOwind, a subsidiary of German developer, BayWa r.e., together with Austrian energy supplier EVN, has built central Europe’s largest floating PV array in Austria. The 24.5 MWp capacity plant in Grafenwörth in the state of Lower Austria covers an area of 14 hectares on two artificial lakes of a former sand and gravel pit. It […]

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Romania Gets €259 Million EU Aid for Solar Panels & Battery Production

Europe is speeding for timely transition to clean energy to avoid climatic changes. In a key development, the European Commission has approved a EUR 259 million scheme to support investments in the production, assembly and recycling of batteries, of photovoltaic cells and of panels in Romania. The new funding is approved under EU State aid rules […]

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EU Approves €2.08 Billion for Offshore Wind Energy Project in France

The European Commission has approved a EUR 2.08 billion French measure to support offshore wind energy production in France. The decision has been taken under EU State aid rules. The measure will contribute to achieving France’s energy and environmental targets, as well as the objectives relating to the EU’s Offshore Renewable Energy Strategy and the […]

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CIP Will Invest EUR 8 Billion In Offshore Wind Project In Portugal

The Copenhagen Infrastructure Partners (CIP) has said it looks to invest EUR 8 billion in a mega offshore wind energy project in Portugal. According to reports, a spokesperson from the Denmark-based fund management firm CIP held that it will go for multi-billion investment in the Nortada offshore wind energy project. The wind project will be […]

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Solar Energy Prices Soar 60% In Europe As Wind Availability Dropped in Q4

A new report from LevelTen Energy has revealed that high development costs and an unstable regulatory environment has caused an 11,4% jump in European solar PPA prices in the fourth quarter of 2022. The report also mentions that solar PPA prices reached €76.84 per MWh, representing a 60% year-over-year increase. LevelTen Energy is a renewable […]

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