AXA IM Alts buying 5 GW PV portfolio firm: ILOS New Energy and Omnes Capital have agreed to sell a 60% stake in ILOS Projects, a pan-European renewable IPP, to AXA IM Alts. This will mark a full exit for Omnes. ILOS Projects was backed by ILOS and Omnes Capital through the Capenergie 4 fund. The current pipeline of ILOS includes 5 GW of solar PV projects across 7 European countries. It aims to become a leading independent power producer (IPP) by 2030.
£250 Million For C&I Projects In UK: Brookfield Renewables and Real Assets Investment Management Ltd (RAIM)-owned Atrato Onsite Energy has secured £250 million ($331.6 million) asset-backed security warehouse (ABS warehouse) to support its commercial and industrial (C&I) solar projects in the UK. It will provide long-term, low-cost energy to UK corporates and is targeting £1 billion ($1.33 billion) of investment in solar by 2030. The ABS warehouse was financed by Barclays Bank PLC. It will enable the company to accelerate the rollout of its rooftop and ground-mounted solar to customers. Atrato Onsite Energy was acquired by Brookfield and RAIM in November 2024, and since then, it has signed 10 power purchase agreements (PPA) and reached financial close on 42 MW of projects.
PV grid-connection cleared in Greece: Motor Oil Group subsidiary MORE and PPC Group subsidiary PPC Renewables have received a final connection offer to the grid for their 882.4 MW solar PV capacity. Out of the 8 projects that this capacity represents, the partners will construct 6 projects with a combined 742.4 MW in the regional unit of Kozani, a 92 MW park in the regional unit of Kilkis, and a 48 MW facility in the regional unit of Serres. Generated electricity will support the Greek industry through bilateral PPAs, and also support farmers who are participating in the GAIA program. The latter offers a special agricultural tariff to strengthen agricultural activity by offering cost-effective electricity rates, said Motor Oil Group. It specified that the PV stations planned by the partners in Kozani are different from the 2.13 GW capacity that the PPC Group is already developing in Western Macedonia on former lignite fields.
Hybrid solar park in Sweden: European Energy will build its 2nd hybrid facility in Sweden, combining wind and solar power in the Grevekulla region of Ydre municipality. Construction of a 38 MW solar park adjacent to a 36 MW existing wind park is scheduled to begin within 3 weeks. The solar installation will comprise 61,776 solar panels across over 40 hectares. It will be fully operational in 2026. The Danish company had previously completed the country’s maiden large-scale hybrid park in the Skåramåla region. “By co-locating,” said European Energy’s Country Manager in Sweden, Peter Braun, “we make better use of the grid, balance production throughout the day and across seasons, and reduce the environmental footprint of new renewable generation.”
Swedbank financing for Nordic Solar: Denmark’s Nordic Solar has signed a non-resource project financing agreement with Swedbank in Lithuania for its 2nd solar park in the country. The double-digit million Euro amount will support the ongoing construction of Nordic Solar’s 80 MW project in Švenčionys. It will be grid-connected this spring. Swedbank previously financed Nordic’s 1st Lithuanian solar park, which is also the country’s largest solar park to date with 100 MW capacity (see Lithuania’s ‘Largest’ Solar Power Station Commissioned).
LONGi’s BC modules for 225.9 MW project: Chinese solar PV manufacturer LONGi has secured a 225.9 MW back contact (BC) solar module supply agreement in Greece, calling it the ‘largest’ deployment of this technology to date. It is supplying Hi-MO 9 modules with up to 660 W output and 24.43% conversion efficiency, which outperforms conventional TOPCon modules by 3% in real-world energy yield. It will generate close to 360 GWh of clean energy annually. LONGi says the scalability of this project paves the way for multi-GW BC adoption across the continent.
AIKO panels for Italian manufacturer: Italian manufacturing firm Molital Abrasivi has repowered its 422.71 kW PV system installed in 2011 with AIKO’s n-type all back contact (ABC) modules. The manufacturer says its original system had suffered a 63% decline in performance. Switching over to AIKO’s 465 W modules, it was able to increase system capacity by 1% from 422.71 kW to 426.87 kW, and reduced the covered area by 40% from 3,150m² to 1,884m². This leaves the rooftop space to make better use of its rooftop for future expansion.
French certification for Astronergy: China’s Astronergy has announced receiving the Carbon Footprint PPE2 certificate for its ASTRO N series of modules from the French authority Certisolis. These modules have a carbon footprint value of 380 kgCO₂/kWc. It is more than 15% lower than the industry average. Astronergy says that, so far, it has obtained carbon footprint certification and EPD environmental product declaration verification in China, France, the US, Italy, Sweden, Norway, and other countries.
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