Milan-headquartered Falck to buy 70% stake of vehicle holding utility-scale scheme, which has secured grid connection and is now eyeing building permits.
Zurich firm cites bleak outlook of global inverter segment as it moves to offload liability-ridden unit to Italian group FIMER, in return for hefty compensation.
Retroactive scrapping of feed-in tariffs in the early 2010s lands Madrid in major defeat against developer NextEra, which sought arbitration over project losses.
Country fails to dismiss case brought by bankrupt developer over losses from FiT changes, joins Spain among EU states risking multi-million payouts for policy u-turns.
Islands in the EU can now benefit from a support mechanism for new renewable energy and energy efficiency projects, while island-focused secretariat visits Menorca and Italian islands.
