The European Investment Bank (EIB) granted PLN 2.25 billion to Poland’s top utility PGE Polska Grupa Energetyczna (PGE) to support renewable energy production. The favourable loan will allow PGE to develop its network of photovoltaic installations throughout the country and to modernise an existing pumped-storage power plant. The seventh agreement between the…

Enersense and EPV Aurinkovoima Oy have signed an agreement on the maintenance of the Heinineva solar power park. Heinineva, located in Lapua, is one of Finland’s largest solar power parks with a capacity of approximately 86 MWp and will produce more than 80 GWh of energy per year. Enersense has…

Low Carbon, a prominent player in the renewable energy sector, has made a significant move by selling its extensive 6GW battery energy storage system (BESS) portfolio located in the Netherlands to S4 Energy. This transaction marks a pivotal moment in the energy landscape, reflecting the growing demand for battery storage…

The solar industry experienced a notable decline in corporate funding during the first three quarters of 2024, with investments dropping by $7 billion compared to previous periods. This trend raises concerns among stakeholders about the future of solar projects and innovations. Overview of Funding Trends According to recent reports, the…

Virgin Money’s funding will support the construction and operation of Derril Water Solar Park, the first solar park in the UK where members share the power it produces, as well as the ownership. Approximately 68,000 solar panels will generate enough electricity to power 14,000 homes and save 20,000 tonnes of…

The International Investment Summit and the government’s new industrial strategy have laid a pathway to secure critical private investment to support Britain’s growth. Ross Driver, Fund Manager at Foresight Solar, shares his views on the strategy and how it impacts the UK’s clean energy build-out. “Creating a stable, supportive investment…

02 October 2024: Mainstream Renewable Power (“Mainstream”), the pureplay global wind and solar company, has reached financial close on its 50 MW Ilikwa solar PV plant. The power from the plant will supply multiple private commercial and industrial customers under flexible, shorter-term Power Purchase Agreements (PPAs) in a new-to-market product…

The construction of two major clean energy projects in Shetland has generated £125m for the local islands’ economy. The scale of investment in Shetland’s supply chain comes as the projects prepare for full commercial operations to begin. SSE Renewables and SSEN Transmission developed the projects. Read the full article from…

Renewable Energy Fund I has secured debt funding from infrastructure-focused lender Kommunalkredit Austria AG to back the construction of 51 MW of solar parks in Romania. The agreement will provide INVL with a loan of EUR 25 million (USD 27.4m), the fund run by Lithuania’s INVL Asset Management said on…

Scotland’s biggest offshore wind farm has begun operating at full capacity, removing emissions from power supply.