Europe Solar PV News Snippets: 175 MW Danish Solar Park Online & More
Source：taiyangnews
European Energy’s Holsted Solar Park with 175 MW installed capacity (in the picture) has been commissioned in Denmark. (Photo Credit: European Energy A/S)
175 MW online in Denmark: European Energy has energized its 175 MW Holsted Solar Park in Denmark. This is one of the only 3 solar parks in the country directly connected to the country’s high-voltage grid. The company has also announced it is divesting half of its stake in what it says is the largest solar park in Latvia. Half of the 148 MW solar project is now owned by Sampension, a pension fund manager.
EBRD backs Turkish projects: The European Bank for Reconstruction and Development (EBRD) has approved a $42 million loan to Türkiye’s Kavram Enerji, owned by Fiba Yenilenebilir Enerji Holding (Fiba Renewables). The latter will use the proceeds to build a 55 MW hybrid solar power plant in Isparta and a 20 MW hybrid solar project in Balikesir cities. These projects are aimed at enhanced efficiency and reliability while facilitating the rapid deployment of additional renewable capacity. Fiba plans to increase its existing installed capacity of 581 MW to 737 MW by Q1 2025, primarily through hybrid investments, and exceed 1 GW by mid-2026.
Econergy lands €38 million: Israel-based Econergy Renewable Energy has signed its 2nd project financing agreement with Raiffeisen Bank International AG (RBI) to support the acquisition, development and construction of a 92 MW solar farm in Romania. The €38 million funding will back the operational Parau Solar Project that came online in 2024. Previously, RBI funded Econergy’s 155 MW Ratesti Solar Project. Additionally, the company has announced the completion of its bond issuance, raising close to €85 million to support 1.5 GW of projects in commercial operation and under construction across its key European markets. Econergy said the demand for its issuance reached close to €114 million. This issuance brings it enough financial resources to achieve its 2025 plans to significantly expand in solar PV, wind, and energy storage projects.
100 MW project in Albania: French renewable energy company Voltalia has started the construction of the 100 MW Spitalla PV Power Plant in Albania. The project is located in the Durrës region on the Adriatic coast. Power generated by the project will be sold under 2 long-term contracts with 70 MW allocated to the public contract awarded in 2021 and the remaining 30 MW dedicated to a contract with private-sector buyers. It is planned to be commissioned in H2 2027. Voltalia already operates the 140 MW Karavasta Solar Power Plant in the country.
Qair’s UK project moves forward: France’s Qair has received planning permission for its 50 MW Straws Hadley Solar Farm in Aylesbury, UK. Its grid connection applications were approved by the Distribution Network Operator (DNO). A confirmed date is now awaited for grid connection. Qair says this brings its total approved solar energy capacity in 2024 to 140.9 MW.
Iberdrola says the green loan for the Italian project from the EIB is backed by SACE’s Archimede Guarantee. (Photo Credit: Iberdrola)
$100 million for Italian project: The European Investment Bank (EIB) has approved a €100 million green loan with Iberdrola to support the latter’s new 242.78 MW solar power plant in Italy. The project will be located in the Enna and Catania provinces of Sicily. It will be operational in 2025. The loan is covered by the Italian Ministry of Economy controlled insurance-financial group SACE’s Archimede Guarantee. Iberdrola said this is the start of a partnership between the trio to be replicated in the future.
Solar PPA in Romania: The renewable energy arm of Ukraine’s DTEK, DRI has signed a solar power purchase agreement (PPA) with Romanian oil and gas company OMV Petrom. The duo terms it as the largest physical solar PPA in the country under which OMV will buy 62% of the energy produced by DRI’s Glodeni I and Glodeni II solar plants. It will also offtake 50% of the energy generated by DRI’s 126 MW Vacaresti Solar Project. Altogether, this package deal comprises 3 PPAs for the supply of around 100 GWh/year with an 8.5-year duration. The deal will come into force from January 2026 for the Glodeni projects, and from January 2027 for the Vacaresti project. The remaining electricity from the projects not part of the OMV deal will be sold into the market by DTEK’s subsidiary D. TRADING.