A lack of engineering, procurement and construction (EPC) capacity in Spain represents a key challenge for the country’s solar industry as PV plant deployment soars and the government authorises gigawatts of new projects.
The European Investment Fund (EIF) has closed a commitment to invest €50 million (US$56.4 million) in the fifth renewables fund set up by investment firm Everwood Capital that will develop, construct and operate a portfolio of new renewable projects, primarily solar PV
Questions have been raised about the need for Spain to roll out a new renewables auction mechanism to drive up PV installation rates and meet its 2030 green energy targets.
