Markets

OMV Petrom, a majority-owned Romanian oil and gas supplier, has purchased a 50% stake in three solar projects in Romania.

The Hauts-Plateaux de l’Yonne Energy Association (EHPY) has started planting 5.8 km of hedges in central France to integrate 14 agrivoltaic projects into the landscape. The initiative aims to improve project acceptance and promote biodiversity.

Elewit, the tech platform of Spain’s Red Eléctrica de España (REE), has revealed plans to build a hybrid storage project in the Canary Islands, featuring an 18.8 MVA virtual synchronous compensator and a 16 MW hybrid solution based on ultracapacitors.

The Austrian government has introduced incentives for PV systems over 35 kW that feature made-in-Europe modules. The measure aims to create new jobs and support the energy transition, offering a 20% higher subsidy for qualifying projects.

Two-year old Monalee has developed an online platform for U.S. homeowners looking to buy solar PV and storage systems. Its software enables the process from quotes to financing, installation, and after-sales support.

A recent report from the Swiss Federal Council describes the difficult trajectory of efforts to rebuild the domestic PV industry and concludes that plans to create a European supply chain could be too expensive.

After a six-year delay, the 60 MW Kennedy Energy Park in Australia – hailed as the nation’s first fully integrated, utility-scale solar, wind, and battery project – has finally achieved full commercial operations.

A new partnership will investigate the viability of colocating a closed-loop pumped hydro energy storage facility with solar PV at the site of a former gold mine in Moose River in the Canadian province of Nova Scotia. Atlantic Mining, owner of the mine, and Natural Forces, a renewables company with 300 MW of operational capacity in Canada, are optimistic the project will be feasible.

Clean Energy Associates released a summary of the seven solar module trade policies and solar panel import tariffs currently in place, including AD/CVD rulings, Section 201/302, and the Uyghur Protection Act. These tariffs have significantly increased, or will increase, the cost of hardware imports into the United states – predominantly from China, but not exclusively – by 91% to 286%

Longi says it will issue up to CNY 10 billion ($1.38 billion) of bonds. It will primarily use the funds to support operational needs, supplement working capital, repay interest-bearing debts, and aid project construction and operations.