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Soltec enters pre-insolvency as Spanish regulator halts trading of shares

Soltec has entered pre-insolvency proceedings to negotiate with creditors, and Spain’s National Securities Market Commission (CNMV) has suspended trading of its shares until it releases its first-half 2024 financial results.

Spain sets new 2030 solar target of 76 GW

The Spanish government has set a new 2030 solar target of 76 GW in an energy strategy submitted to the European Commission. It aims to cover over 80% of national electricity demand with renewable energy.

Big solar parks more environmentally-friendly than middle-sized PV facilities

New research from Spain reveals that stricter environmental impact assessments of large scale PV plants contrasts with smaller solar parks, which are not subject to the same degree of restrictions. The review also highlighted the need for more cumulative and synergistic environmental impact assessments.

New tool optimizes ground works, PV tracker planning

Aplitop and Soltec have partnered to develop a computer-aided design (CAD) plugin application aimed at simplifying the planning process and reducing earth-moving operations, measurements, and the relocation of solar trackers in ground-mounted PV projects.

Madrid’s residential solar self-consumption rates hit 30% to 70%

Researchers in Spain have calculated the potential self-sufficiency of rooftop solar in eight districts of Madrid, Spain. They have found that single-family homes can achieve self-sufficiency rates of more than 70%, while urban areas with high-rise buildings reach 30%.

SunPower goes bankrupt

The US residential solar installer has filed for bankruptcy, among the largest in a series of major bankruptcies in the industry.

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Chilean government proposes solar FIT cut for distributed generation

A coalition of three renewables associations in Chile have released a joint statement expressing “deep concern and opposition” to the Chilean government’s proposals to reduce income for distributed generation.

Acciona Energía wins 12-year CfD for 189 MW in Croatia

The Spanish utility says the 189 MW Promina project, currently under development, will be Croatia’s largest solar farm upon commissioning in 2027.

Binational tender launched for 1 MW floating PV plant in Brazil, Paraguay

The plant will be located in the reservoir of the Itaipu Hydroelectric Power Plant. The tender is open until September 5, and the designated time period for the installation of the floating solar plant is about four months.

Spain unveils €2.3 billion support program for hydrogen development, renewable energy sectors

The country’s ecological transition ministry has published the regulatory bases of aid to large hydrogen clusters, industrial capacities in solar, wind energy, heat pumps, batteries and electrolysers; innovative renewable energy, storage and heat pump projects; and energy communities.

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