Northleaf sells 494MW Spanish PV site to China Three Gorges Corporation

The plant, located in the Murcia region of Spain, is one of Europe’s “largest” operational solar PV installations.

Renalfa acquires 258MW Romanian solar project

Renalfa has acquired a 258MW solar project in Teleorman, Romania, which it expects to start commercial operation in 2027.

The portfolio comprises 780MWp of solar PV and battery energy storage system (BESS) assets at “various stages of development.”

Nicolas Rochon and Mathilde Ketoff tell PV Tech Premium that ensuring strong margins are of paramount importance for the rooftop solar sector.

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 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.

Europe will more than triple its renewable power capacity by 2050, but this rate will not be enough to meet climate goals.

The European Commission has launched a €3.4 billion call to support the development of “innovative decarbonisation technologies in Europe”.

The EBRD has signed a memorandum of understanding with Romania to support the rollout of new renewable power auctions in the country.

European solar manufacturing boasts a low carbon footprint, and falling material requirements, says SolarPower Europe.