News

Madrid-based renewables firm X-Elio announced on Thursday that it has brought online a 15-MW expansion to its Turroneros solar farm in the Valencia region of Spain, raising the total installed capacity of the power complex to 50 MW. The new facility is located in the municipality of Xixona and is a sister plant to the 35-MW Turroneros I solar far...

The Polish unit of French renewable energy producer Qair said it has signed a 12-year agreement to supply nearly 20 GWh of green energy per year to the Polish production facilities of French aircraft components maker Safran The corporate power purchase agreement (cPPA) covers supply from Qair's wind farm in Stawiszyn, the central Wielkopolska pro...

Solar-focused independent power producer (IPP) BNZ has acquired two solar projects in Sicily with a combined capacity of 127.7 MW from Italian renewable energy developer GreenGo Srl. The sites are located in the municipalities of Francofonte and Lercara Friddi. The first facility is scheduled to become operational in early 2026, while the other i...

The European Investment Bank (EIB) said on Thursday that it will provide an EUR-80-million (USD 84.2m) loan to Austrian family-owned renewables developer Puspok Group to finance its agrivoltaic (agri-PV) solar and battery storage projects in eastern Austria. In parallel, Austrian lender Erste Group Bank AG (VIE:EBS), through its savings bank unit...

Spanish renewables firm Zelestra announced today the start of construction works on three solar sites in Spain with a combined direct current (DC) capacity of 162 MW. The Belinchon I, II and III projects are located in Cuenca in the autonomous community of Castilla-La Mancha and are expected to become operational in the second quarter of 2026. Th...

The European Bank for Reconstruction and Development (EBRD) is lending up to €50m to Tenevo Solar Technologies EAD to build and operate the 238MW Tenevo solar farm in south-east Bulgaria. A parallel financing facility of €53m will be provided by Raiffeisen Bank International, making the total finance package €103m. The fully merchant solar farm...

The U.S. dollar edged marginally higher Thursday, consolidating after recent volatility, while the euro continued to show softness as the situation in eastern Europe becomes more fraught. At 05:10 ET (10:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 106.690, adding to the pr...

Russia’s gas exports to Europe through Ukraine have remained steady at around 41mcm/day, data from Slovakian TSO Eustream showed, despite Gazprom’s decision a week ago to cut about 17mcm/day of supply to OMV over a payment dispute. “This flags that retaining market share – even indirectly – and therefore retaining some revenue is key for Gazprom,...

Limited cross-border transmission capacity, lagging renewable generation output and high gas dependence compared with other countries continued to set the Italian market apart, they said. Italian day-ahead power prices averaged EUR 105.13/MWh so far this year compared with EUR 53.07/MWh in France, EUR 74.93/MWh in Germany and EUR 57.26/MWh in Spa...

Hungary's MVM CEEnergy is in talks with Turkish state gas company Botas on a new gas import deal, the company's chief executive told Reuters on Friday. In the first such deal between the two countries, MVM signed an agreement with Botas in 2023 to import around 300 million cubic metres of gas. "We are working on a new agreement for 2025... we a...

The global oil market is balanced thanks to the actions of OPEC+ countries and compliance with its quotas, Russian Deputy Prime Minister Alexander Novak said on Friday following a Russia-OPEC meeting. OPEC+ countries, which are pumping around half the world's oil, are taking all necessary decisions to maintain market stability, Novak also said afte...

Storm Bert is forecast to bring snow, ice, and high winds across the UK, with the Met Office issuing yellow and amber warnings. Electricity networks are bracing for potential disruptions, increasing staffing levels, and relocating spare equipment to areas likely to be worst affected. The Energy Networks Association (ENA) has activated weather ...

EDF has introduced Simply Fixed Direct 1y Jan26, which is described as the cheapest 12-month fixed tariff among major energy suppliers, costing £1,608 annually for an average user. The deal is £130 lower than Ofgem’s price cap for January 2025. Energy prices have climbed since October due to seasonal demand, recent cold weather, and geopolitic...

BayWa r.e. has completed the sale of its largest solar portfolio, comprising three projects delivering 517 MWDC of renewable energy capacity, to an independent power producer. The projects, located in the PJM and MISO regions, will be operational by the end of 2025, significantly boosting renewable energy on the US grid. Fred Robinson, CEO of ...