Europe PV News Snippets

Engie Espana’s Strategic Move, Acquires Spain’s Sofos Energia… & More

Europe PV News Snippets

Sofos Energia has about 1 GW of under development utility scale solar power capacity and more than 35 MW of self-consumption capacity that it has executed. The company has now been acquired by Engie España. (Photo Credit: Engie)

  • Engie Espana has expanded its Spanish portfolio with the acquisition of Sofos Energia
  • Spain’s Catalonia has modified its renewable energy decree with a focus on distributed generation capacity
  • Slovenia’s GEN-I launches community solar program to build 100 MW capacity over next 3 years

Engie España acquires Sofos Energia: Engie España has acquired solar PV project developer and EPC company Sofos Energia in Spain in a strategic move that expands its portfolio in the country by close to 1 GW under development utility scale pipeline. Sofos Energia also has executed more than 350 self-consumption projects for the commercial and industrial (C&I) sector with more than 35 MW capacity. Engie said the acquisition allows it to consolidate its strategic position in the Spanish market by being present throughout the green energy value chain, from the origin, development, processing, design, construction and operation of renewable projects to the supply of said energy to the final consumer.

Catalonia modifies RE decree: The Government of Catalonia in Spain has modified its renewable energy decree as it seeks to accelerate the energy transition in the region. The decree gives priority to encourage self-consumption and prioritize processing of projects with 5 MW or less capacity. The administration said it will follow a Commitment 2030, Horizon 2050 approach towards dealing with climate emergency by supporting distributed, decentralized, democratic and territorially cohesive energy model. It aims to reduce GHG emissions by 55% in 2030 and reach carbon neutrality in 2050.

GEN-I launches solar service: Slovenian electricity company GEN-I has launched a new solar energy service called GEN-I Solar Community to encourage community solar energy plants in the country. It said in 2022 the utility will build solar power plants with a total capacity of 10 MW with its own funds and in 3 years it hopes to hold as much as 100 MW of solar power plants under the program. Panels deployed will be available for rent to every household that joins the program ensuring green and affordable energy to as many as 25,000 households over next 3 years. GEN-I counts 60% to 75% reduction in electricity cost with these community solar projects and for customers by renting the panel, they will be able to bring down their electricity bills by up to 10% from what they pay currently.  

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Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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