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Jonathan Touriño Jacobo explores how Eastern and Southern European countries have emerged in the race as key players for the European Union to reach 740GW of solar capacity installed by 2030.

Heron has signed PPAs with Meton Energy, which will add three new solar projects with an annual production of 192GWh to Heron’s portfolio.

Motor Oil Renewable Energy has acquired a majority stake in holding company Unagi S.A. with a 1.9GW solar portfolio.

Renewables developer Ameresco has partnered with EPC contractor Sunel Group to bid on 1.5GWp of solar PV and battery energy storage system (BESS) project contracts across Europe.

For the first time in two years, European solar power purchase agreements (PPAs) have dropped during the first quarter of 2023.

High development costs and an unstable regulatory environment have increased average solar power purchase agreement (PPA) prices in Europe to a new high of €76.84 (US$82.4)/MWh in Q4 2022.

Greek transmission system operator Independent Power Transmission Operator (IPTO) has signed a long-term loan agreement with the European Investment Bank (EIB) to finance a power connector between mainland Greece and outlying islands.

The European Investment Bank (EIB) has committed €28.5 million (US$30.8 million) to support the construction of 230MWp of solar PV projects in Greece’s Western Macedonia Region.

Finnish investment company Korkia has funded a partnership with Greek developers GH Energy and AA Sunshine to develop solar power parks in mainland Greece and Crete.

Prescinto, a renewable energy asset performance management (APM) platform, has entered into a partnership with Greek solar developer SunSolarWind IKE to apply its APM software to 70MW of solar PV projects.