Insurance for Romanian solar park: International insurance firm Renewable Energy Insurance Broker (REIB) has announced that it has insured of the ‘largest’ solar PV park in Southeastern Europe. The 155 MW Ratesti Solar Project is located in Romania’s Arges County (see 155 MW Solar Park Inaugurated In Romania). REIB says it provided comprehensive insurance packages for every phase of development of this project, offering all risk insurance for construction/builders during the construction phase, and also liability insurance and business interruption coverage during the operational phase.
MEM Solar’s production in Turkey: Turkey-based MEM Solar has announced that it is starting OEM production for Chinese solar PV manufacturer JA Solar. The duo has signed a production agreement for MEM to begin producing JA Solar branded n-type solar modules from April 2025 from its manufacturing factory in Kahramanmaraş, Turkey. Vice General Manager of MEM Solar, Dr. Fırat Es, said that this agreement reinforces its position as a reliable partner for global solar energy brands while also reaffirming the company’s commitment to quality in solar energy solutions. MEM is already an OEM partner to Talesun since October 2023 (see Talesun Solar Modules Go Under Production In Turkey). MEM has a production capacity of 800 MW focused on dual-glass n-type PV panels.
Tesla signs solar PPA: US-based automotive group Tesla has signed up to procure power from 57 MW AC solar PV capacity in Spain under a power purchase agreement (PPA) with Zelestra. Under the agreement, Zelestra will supply 130 GWh of solar energy annually to the company from 3 solar power plants, Brazatortas I, II and IV to be built in Spain’s Ciudad Real. The trio represent a combined capacity of more than 74 MW DC and will together generate 146 GWh/year. Construction on site has started following the closing of the PPA. Tesla will use this solar energy for its local operations. In January 2025, Zelestra announced signing 4 new Environmental Attribute Purchase Agreements (EAPA) with Meta for 4 solar projects with a combined 720 MW DC/595 MW AC capacity.
£33.1 million for 40 MW AC project: British renewable energy company Aura Power has raised £33.1 million in project financing for the construction of its 40 MW AC Burtree Lane Solar Project. Financed by Rabobank, the project is located in Darlington. This project is part of the company’s plans to develop over 400 MW of solar portfolio in the UK.
Enoé lands funds for 30 MW: French green energy producer Enoé has secured financing for the completion of more than 30 MW solar PV capacity to be installed as 200 rooftop and shaded solar power plants in France. The financing has been approved by CAAP Transitions and CALEN (Crédit Agricole Languedoc Energies Nouvelles). Enoé has contracted LM Soleil to construct these projects.
Neoen deal approved: The French financial markets authority (AMF) has approved Brookfield Renewable Holdings’ proposal to acquire French renewable energy company Neoen. A special purpose vehicle indirectly controlled by Brookfield Asset Management (BAM), Brookfield Renewable Holdings plans to acquire all remaining shares of Neoen representing close to 32.31% of its share capital at €39.85/share, and all remaining convertible bonds OCEANEs. In December 2024, Neoen sold its Victorian renewable energy portfolio in Australia to HMC Capital for AUD 950 million to pave the way for its acquisition by BAM (see Neoen Fulfills Condition For Majority Stake Sale To Brookfield).
Cobholden Solar Farm approved: UK’s Cambridge Power has secured the planning permission for its 49.9 MW of Cobholden Solar Farm in the UK. The project is located near Staploe, Bedfordshire. It has been approved by the Bedford Borough Council. For the company, this is its 13th successful planning approval since 2019 taking the total capacity of consented projects to over 750 MW. It previously secured approval for its 49.9 MW Thorney Solar Project which will be accompanied by a 50 MW battery energy storage system (BESS) in July 2024.
19.1 MW AC agrivoltaic projects in Italy: Germany’s RWE has started construction on its maiden commercial agrivoltaic projects. The company is building these projects in the Benevento province of the Campania region in Italy. Both these projects, the 9.8 MW AC Morcone and the 9.3 MW AC Acquafredda advanced agri-PV projects, represent a combined 19.1 MW AC capacity. These will be equipped with more than 32,500 modules and elevated on a 3-meter high structure with a movable axis. Crops will be harvested below the panels, securing protection against hail, frost, drought, and heavy rain. Commissioning is scheduled for the end of the year. Both these projects were successful in the recent Italian Recovery and Resilience Plan auction, it added. The company recently commissioned its 1st PV plant in Saxony, Germany with 20 MW DC/16 MW AC capacity.
UK hotel commits to 100% RE: UK-based renewable energy company Low Carbon has signed a 15-year power purchase agreement (PPA) with luxury hotel operator Maybourne. Under the contract, Low Carbon will supply 32 GWh/year of renewable energy to power 100% of the group’s London hotels, including The Berkeley, The Connaught, The Emory and Claridge’s. Power will be exported from operational Maldon Wycke Solar Farm in the UK. For Maybourne, the agreement ensures long-term energy price stability, mitigating market volatility.
LONGi expands Energy 3000 contract: Chinese solar PV manufacturer LONGi has signed a strategic cooperation agreement with Energy 3000 Solar GmbH to expand their partnership in the European solar market. LONGi will continue to provide 100 MW of its Hi-MO X10 back contact (BC) solar modules to the distributor. This expands their previous framework agreement for 1.5 GW capacity and promote more applications of high-value HPBC 2.0 products of LONGi in the European market.
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