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Finance

Dutch solid-state battery maker acquires factory in Scotland

Dutch startup LionVolt has acquired AMTE Power’s battery cell production line in Scotland. It says it will use the assets for pilot production of its 3D solid-state thin-film batteries.

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Moldova to launch first tenders for 60 MW of fixed-price solar

The Moldovan government is preparing to launch the country’s first renewables auctions, which will seek to procure 105 MW of wind and 60 MW of solar projects. The tenders will take place between April and July.

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Reel secures €5 million to expand corporate PPA business

Reel, a spinoff of the Technical University of Denmark (DTU), has raised €5 million ($5.4 million) of seed capital to enhance its products and expand internationally. It is offering customized fixed price contracts to businesses based on solar and wind power purchase agreements (PPAs).

Serbia attracts $2 billion Chinese investment in solar, wind, hydrogen

The Serbian Ministry of Mining and Energy has signed a memorandum of understanding (MoU) with Chinese companies Shanghai Fengling Renewables and Serbia Zijin Copper. It envisages the construction of 1.5 GW wind and 500 MW of solar projects alongside a green hydrogen production facility with 30,000 tons of annual output.

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Delayed EU heat pump plan puts EUR 7 billion at risk, warn 61 industry chiefs

Sixty-one heat pump industry chiefs have signed a letter to European Commission President Ursula von der Leyen, warning that delaying the EU Heat Pump Action Plan jeopardizes a key net-zero European industry.

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Wacker Chemie’s sales, earnings fall in tough market

German chemical group Wacker Chemie says its sales fell 22% year on year to €6.40 billion ($6.9 billion) in 2023. Its polysilicon division contributed EUR 1.6 billion to sales, down from EUR 2.29 billion in the preceding year.

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Trilantic Europe acquires 60% stake in Aerocompact

Mathias Muther, the founder of Aerocompact, says a new investment from private equity firm Trilantic Europe will allow the Austrian mounting system manufacturer to expand its international market presence.

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The Hydrogen Stream: Europe prioritizes PEM electrolysis

Several companies have announced new hydrogen deals in Europe, as Germany moves forward on hydrogen collaboration with Australia and the United Arab Emirates. pv magazine also spoke with Thomas Hillig, managing director of THEnergy, about Europe’s electrolysis capacity.

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Alight, H&M Group sign PPA for Swedish solar parks

Solar developer Alight will own and operate three solar parks under long-term power purchase agreements (PPAs) in Sweden. The projects are expected to generate at least 24 GWh combined, providing power to fashion retailer H&M.

Navigating Romania’s PV boom

A latecomer to the European PV party, Romania’s embrace of clean energy means it is perfectly placed to ride the wave of urgently ramped grid investment being rolled out by the European Union.

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