Enel Subsidiary 3Sun Secures €560 million For HJT Solar Manufacturing In Italy

Italy, which has been a surprise beneficiary of the European push for more manufacturing, got another boost with 3Sun, the solar module manufacturing subsidiary of Italian utility Enel secured €560 million for its heterojunction module assembly plant in Sicily, Italy. Details on the number of jobs this would create are not available, but widely expected […]

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EIB Backing of €400 million For Green Renewable Energy Developer

Greek renewable energy developer Mytilineos has secured backing from the European Investment Bank (EIB) for €400 million (US$437 million) to support its solar and battery storage development plans. Mytilineos has a broader plan for the development of 2.6GW of solar PV and storage assets across the EU through 2027. The total sum of the investment […]

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Ireland’s IPP Power Capital RE Secures €240 Million for 1.2 GW of Solar Assets

Ireland’s leading solar Independent Power Producer, Power Capital Renewable Energy, has announced the closing of an up to EUR 240 million construction equity facility for the development of solar power projects. Power Capital held that the financial facility has been closed with a consortium of lenders managed by Eiffel Investment Group including Belgian insurance company Ethias […]

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Africa Has EUR 1 Trillion Green Hydrogen Potential: New Study

A new report has said that harnessing Africa’s solar energy to produce 50 million tons of green hydrogen a year by 2035 can help secure global energy supply, create jobs, decarbonize heavy industry, enhance global competitiveness and transform access to clean water and sustainable energy. The analysis is commissioned by the European Investment Bank, the […]

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Aquila Clean Energy to Invest EUR 2 Bn for 2.6 GW RE Projects

Aquila Clean Energy EMEA, the clean energy development platform in Europe of Aquila Capital, has announced that it has closed a EUR 1 billion construction facility, supported by the InvestEU programme. The financing is to support development and construction of Aquila Clean Energy’s entire renewable energy pipeline in Spain and Portugal over the next three […]

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Iberdrola Secures €550 Million Loan For Renewable Projects In Spain

Iberdrola, the Spanish multinational utility company, has said that it has forged an agreement with the European Investment Bank (EIB) to expedite Spain’s energy transition by establishing new renewable energy capacity. Under the agreement, the EU bank will provide a €550 million green loan for the construction of a portfolio of projects with a total […]

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European JV to Make Offshore Wind Floater for 15MW Turbines

French engineering and technology company Technip Energies has acquired a 16.3% stake in Spanish renewable energy startup X1 Wind, which claims to have designed an innovative and disruptive offshore wind turbine floater with major environmental and operational benefits. The two companies will collaborate on the development of the first commercial-scale demonstrator, as well as the related industrialization and […]

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