Poland-based energy company Polenergia has sold its 100% stake in the residential solar installation platform Polenergia Fotovoltaika to ELQ SA, a local electricity sector company. ELQ is led by President Marcin Sołtysiak. The transaction is part of Polenergia’s strategy to focus on its core renewable energy businesses, including offshore wind, onshore wind, and energy storage. Polenergia said the divestment of its distributed energy assets will help streamline its investment portfolio and optimize the group’s structure.
ELQ Group said the acquisition strengthens its position in distributed energy and modern renewable energy solutions for residential, business, and institutional clients. “Distributed energy, local energy sources, customer services, and the integration of modern RES solutions will constitute an increasingly vital part of the market. We aim to actively participate in this process and build our position in segments that will be crucial for the future of the Polish energy sector,” said Sołtysiak.
Spain-based Matrix Renewables has expanded its renewable energy presence in the country with the grid connection of the Cruz de los Caminos and Piedra de la Sal projects. With the addition of these 2 projects, the company now has 15 interconnected renewable assets in Spain with a combined installed capacity of 691 MW. The projects completed all required technical and regulatory steps for grid connection and are expected to supply clean electricity to the Spanish power system.
Both projects reached financial closing in early 2025 and are backed by a long-term power purchase agreement (PPA) with Merck. Matrix said it is developing stand-alone battery energy storage systems (BESS) to build a more flexible and diversified renewable energy portfolio in Spain. It is also advancing plans to hybridize existing and future plants by integrating BESS and wind technology.
Independent private markets investment and advisory firm Stafford Capital Partners has completed an €89.4 million refinancing of its STAR I solar portfolio in Italy with support from BPER Corporate & Investment Banking. This financing will refinance its existing debt and support a revamping and repowering program for 30 operational solar PV plants under STAR I across Italy.
Following the upgrade program, the portfolio’s installed capacity is expected to rise from about 75 MW to 84 MW, with annual production projected to reach around 130 GWh.
Stafford said the refinancing will help improve plant performance, extend asset life, and optimize the portfolio’s capital structure. The portfolio includes assets commissioned between 2011 and 2026, with 6 plants operating on a merchant basis and the rest benefiting from incentivized revenue schemes.
Galileo Green Energy GmbH, the pan-European IPP based in Switzerland, has secured grid access for 700 MW of renewable energy projects in Spain, marking a key milestone in its expansion in the country. The portfolio mainly includes standalone BESS projects, along with onshore wind and solar PV assets, concentrated in high-demand regions such as Catalonia and Madrid.
The company said its wider active development pipeline in Spain now totals 1.4 GW across BESS, PV hybrid, and onshore wind projects, with an additional 1.4 GW linked to future capacity tenders expected in the coming years. Galileo aims to secure permits for a large share of the 700 MW portfolio and reach multiple final investment decisions by the end of 2026.
Actis-backed Rezolv Energy has commissioned the 225 MW St. George Solar Park in Silistra, Bulgaria. The solar park, one of the largest in Bulgaria, involved an investment of around $300 million and includes nearly 400,000 solar panels. It is expected to generate about 313 GWh of electricity annually and will operate for at least 30 years. The project also features a 90 MW / 240 MWh BESS supported by the European Union’s NextGenerationEU program.
The facility’s construction was supported by Bulgarian and international partners, while financing included €90 million from the International Finance Corporation and Raiffeisen Bank International. A long-term virtual PPA will supply 110 GWh of renewable electricity annually to Ardagh Glass Packaging-Europe over 12 years.
This is the first large-scale project to become operational in the company’s portfolio. Built on the site of the former Silistra airport, the project repurposes 165 hectares of brownfield land into renewable energy infrastructure, shared Rezolv.
Spain’s Ministry for Ecological Transition and the Demographic Challenge (MITECO) has announced the provisional allocation of €670 million under its Recovery, Transformation and Resilience Plan (PRTR) to support the country’s energy transition and electrification efforts. The funding package includes €212 million to upgrade 6 ports for offshore wind and marine energy development. Another €165 million has been proposed for 7 pumped hydro storage projects.
A further €165 million will support 41 clean technology and renewable value chain initiatives across 12 regions. Projects linked to batteries and energy storage received the largest share of value chain support, followed by grid technologies, wind and marine renewables, hydrogen, and solar. The package also includes more than €100 million for electric mobility programs, including thousands of EV charging points along major transport corridors. In addition, €21 million has been allocated to renewable electricity and heat projects aimed at replacing fossil-fuel-based energy production.
Switzerland-based Axpo has officially inaugurated the 200 MW Vilecha Solar Complex in León province of Spain. The project, which began supplying electricity to the Spanish grid in February 2026, consists of 4 solar PV plants with a capacity of 50 MW each, spread across 310 hectares. The solar complex is expected to generate more than 377 GWh of renewable electricity annually.
Vilecha is currently the largest solar installation in Axpo’s portfolio. The project also supports long-term renewable energy supply agreements, including a 10-year PPA with McDonald's Spain for 83 GWh annually. A separate 10-year agreement with Rockwool will begin in 2027.
French airport operator Groupe ADP has commissioned a new solar park in Chevagnes, in the Allier department, as part of its renewable energy transition strategy. Developed with partner Photosol, the project complements an earlier solar site launched in Le Donjon in early 2025.
The Chevagnes Solar Park is expected to generate renewable electricity equivalent to around 8% of the annual electricity consumption of Parisian airports. Groupe ADP said the project will help increase the use of sustainable energy and reduce the environmental footprint of airport operations.
The company began sourcing electricity directly from dedicated solar parks in 2020 and now has 6 PV sites in France, with 5 already operational. Groupe ADP aims to cover 25% of the electricity needs of Parisian airports through renewable energy contracts by 2030.