Toledo Secures 100% Renewable Power Supply
Iberdrola España has won a 1-year contract to supply Toledo City Council in Spain with 100% renewable electricity. The agreement covers 328 municipal supply points and around 11 GWh of annual electricity demand. Part of Iberdrola España, Iberdrola Clientes was selected as the top bidder in a tender with an annual budget of €3.04 million, that attracted 3 offers. Iberdrola received the highest overall evaluation score.
In addition to supplying renewable power backed by guarantees of origin, Iberdrola will provide energy-efficiency advisory services to help the city reduce energy consumption and improve budget certainty. Iberdrola España will also offer complimentary advisory service to identify opportunities to help the city council improve the energy efficiency of its existing electrical installations. Additionally, Iberdrola España and Vodafone España have entered a partnership to cross-market renewable electricity and telecommunications services, potentially reaching up to 16 million customers. Iberdrola says its total renewable energy capacity in Spain at the end of Q1 2026 reached 23.2 GW, comprising solar PV, onshore wind, hydroelectric, and green hydrogen technologies.
The Balearic Government has approved an €11.3 million investment through the Balearic Energy Institute (IBE) to build 2 floating solar power plants on irrigation ponds in Artà and Ciutadella. The projects will have a combined capacity of about 3.3 MW, with 2.8 MW planned for Artà and 499.8 kW for Ciutadella.
The installations will be built on existing water infrastructure, helping expand renewable energy generation without using additional rural land. The projects are expected to support the Balearic Islands' clean energy goals, reduce emissions, and strengthen local energy production.
Austrian energy company Energie AG and engineering firm EWS have commissioned the largest agrivoltaic or agri-PV plant in Upper Austria in the municipality of Mining. The project combines solar power generation with continued agricultural use, allowing farming activities to remain the primary land use across 80% of the total area.
The facility features around 21,500 solar modules and is expected to generate 17.2 million kWh of electricity annually—enough to supply more than 4,900 households. The project is also designed to provide protection against frost and drought. At the end of 30 years, the project can either be renewed or completely dismantled without leaving any residue. Energie AG said the project forms part of its broader renewable energy expansion plans, as it targets over €300 million investment for onsite PV plants by 2035. This includes over 25 MW to be installed in 2026.
Nofar Energy has connected its 169 MW Iepuresti solar project in Romania to the grid, marking the start of commercial operations. The facility is fully owned by the company and is expected to generate about €19 million in revenue and approximately €16 million in EBITDA during its 1st year of operation. Nofar said it is also advancing plans to integrate a large-scale energy storage system (ESS) at the site to improve clean energy utilization and overall project performance.
The project forms part of the company’s Romanian pipeline, which includes 850 MW of solar capacity and 2.3 GWh of energy storage. In 2023, Nofar Energy and Econergy commissioned 155 MW Ratesti Solar Park in Romania as the country’s largest back then (see 155 MW Solar Park Inaugurated In Romania).
German energy company enercity and technology provider Kraken have entered a strategic partnership to develop a virtual power plant (VPP) in Germany. The plant will connect decentralized renewable energy assets, battery storage systems, and flexible electricity loads into a single digital platform. The system is designed to optimize energy use in real time, improve grid reliability, and enable more efficient participation in energy markets, stated the duo.
The partners said the platform will combine enercity’s electricity and heat generation portfolio with Kraken’s digital infrastructure, asset aggregation capabilities, and market access across Europe. Kraken General Manager of Flexibility Charlotte Johnson explained that a modern VPP can sell, store, or convert electricity into heat in real time, helping manage energy fluctuations making it a key element of sector coupling.
The European Investment Bank (EIB) has signed a €75 million loan agreement with Ingeteam to support research, development, and innovation in advanced renewable energy and electrification technologies. Backed by the InvestEU programme, the funding will support projects at Ingeteam’s R&D centres in Spain’s Basque Country and Navarre.
The investment will focus on areas including renewable energy grid integration, power electronics such as converters and inverters, energy storage, digitalization, cybersecurity of electrical networks, and transport electrification. The initiative aims to strengthen Europe’s clean energy supply chain, enhance grid security, and support the development of domestic renewable energy technologies.
Germany-based and southeast Asia-focused solar company HELIOS SOLAR AG of Germany has published its securities prospectus for a planned initial public offering (IPO) and listing on the General Standard of the Frankfurt Stock Exchange. The offering includes up to 7.6 million shares priced at €4.00 each, with the subscription period expected to run from June 22 to July 6, 2026.
The company expects net proceeds of about €26.9 million, which will be used to support expansion in Malaysia, Europe (including in Germany and Bulgaria), Cambodia, and Singapore, including solar project development and strategic partnerships. Trading is scheduled to begin on July 28, 2026.
ENGIE has announced plans to hybridize its Castelnou combined-cycle power plant in Teruel, Spain, with a 155 MW solar PV project as part of the site's ongoing energy transition. The solar development will involve an investment of nearly €100 million and include more than 284,000 solar panels installed across 360 hectares.
The project is intended to combine thermal and renewable generation, improving operational flexibility and supporting Spain's decarbonization goals, it stated. Engie made the announcement during an event marking the 20th anniversary of the 791 MW Castelnou power plant.