Sunotec, the Bulgaria-based renewable utility-scale solar and storage company, has secured a structured equity investment from funds managed by Blackstone Tactical Opportunities. It will use the proceeds to expand its renewable energy infrastructure platform. Sunotec stated that the partnership will help it grow across key European markets, including Germany, the UK, Scandinavia, and Southeast Europe. It will also expand services in grid infrastructure and hybrid renewable assets.
Sunotec claims to have installed around 15 GW of solar capacity across multiple markets and deployed 5 GW of solar and 5 GWh of battery storage in the past 2 years. The company’s founders and leadership will remain majority shareholders and retain operational control. The transaction is subject to regulatory approvals and is expected to close in H1 2026.
The European Investment Bank (EIB) and Société Générale have signed a €153 million financing deal for the 137 MW Sand Solar PV project in Sicily, Italy. To be built in the municipalities of Monreale and Gibellina, the plant will be developed by Peridot Solar. It is expected to begin construction in April 2026, with commercial operation targeted for mid-2027.
The solar plant will include biodiversity protection zones and ecological corridors, while a 5 km underground line will connect it to a new 30/220 kV substation under development.
Once operational, the project is projected to generate about 256 GWh of renewable electricity annually, enough to supply nearly 100,000 homes. It will help avoid around 85,000 tonnes of carbon emissions every year. EIB said the project forms part of the EU’s REPowerEU initiative and supports Italy’s 2030 national energy and climate plan.
Utility-scale solar PV and battery storage projects developer Westbridge Renewable Energy said its shareholders have approved the company’s move from British Columbia, Canada, to Luxembourg. It will operate as Westbridge Renewable Energy S.A. The move took effect on April 8, 2026, following approval by more than 99% of votes cast at the company’s annual and special meeting.
The company said its shares are expected to continue trading on the TSX Venture Exchange, OTCQX, and Frankfurt Stock Exchange under existing ticker symbols, subject to final approvals. Westbridge also elected Riccardo del Tufo and Flora Nachawati as new independent directors.
Decentralized energy infrastructure company for commercial and industrial (C&I) customers in Europe, Switzerland’s Youdera has secured a strategic investment from Amundi Energy Transition. Part of global asset manager Amundi, Amundi Energy Transition will support a €150 million deployment plan of Youdera Group. This strategic investment will support distributed energy infrastructure for C&I customers across Europe, according to Youdera.
The company provides integrated on-site energy solutions, including solar PV, battery storage, and electrification technologies, through a model where it develops, finances, owns, and operates the assets. Youdera said the funding will help expand its platform and strengthen its presence in core markets such as Switzerland, Spain, and Portugal. It will also be able to explore selective growth opportunities across Europe.
Solar PV module prices in Europe are on the rise, according to pvXchange. According to its Price Index March 2026, high-efficiency modules with over 23% efficiency cost €0.135/W, representing an increase of 3.8% since February and 17.4% since January this year. Full-black modules are also seeing an uptick, up 3.4% and 15.4% over the same period, with their prices reaching €0.150/W. Mainstream modules with up to 23% efficiency were priced at an average of €0.120/W, improving 4.3% and 14.3%, respectively. On the other hand, the price for low-cost modules that comprise stock lasts, factory seconds, and insolvency goods, among others, also increased 8.3% (since February 2026) and 18.2% (since January 2026) to €0.065/W.
A consortium comprising the ALFI Green Energy Fund and Kraftfeld Energy has secured €90 million in financing from Raiffeisen Bank International to support a hybrid renewable energy project in Romania. The project will be developed by PVP Cygnus SRL and includes a 126 MW solar PV plant combined with a 200 MWh battery energy storage system (BESS).
The ALFI Green Energy Fund has acquired a 65% stake in PVP Cygnus, the project company, while Kraftfeld Energy retains a 35% share. Construction of the project has already started, with full operations expected in early 2027. The project aims to supply clean and reliable electricity to the Romanian market while supporting the country’s energy transition and energy independence goals. Legal advisors on the transaction included Vlasceanu & Partners for Kraftfeld Energy, Cerha Hempel for the ALFI Green Energy Fund, and CMS for the financing banks.
