Europe

iDeals and M&A Community says there were 16 merger and acquisitions (M&As) announced in Spain in October.

Researchers in the Netherlands have proposed the use of residential PV capacity to supply electricity to urban loads such as tram substations and dwellings, potentially reducing PV curtailment and demand for additional storage.

A consortium of European thin-film PV manufacturers and research institutes are working to advance copper, indium, gallium, and selenium (CIGS) solar development in a €5.9 million ($6.4 million) project. It aims to achieve 25% cell power conversion efficiency by improving manufacturing processes and scaling up from lab-sized bifacial devices to small outdoor-tested modules for a range of applications.

The French government and EDF have struck a deal on nuclear electricity prices to shield consumers from increases and enable the state-owned utility to fund new reactor construction, drawing criticism from energy-intensive businesses.

The Irish government says it expects to meet the ambitious target of installing 8 GW of solar by the end of the decade. It says it will do this through existing measures – such as the Renewable Electricity Support Scheme (RESS) and microgeneration supports – as well as a new, smaller Small-Scale Renewable Electricity Support Scheme (SRESS) to be launched in 2024.

The European Commission has approved Italy’s €1.7 billion ($1.84 billion) incentive scheme for agrivoltaics to deploy 1.04 GW of installed solar. The nation will offer investment grants of up to 40%, along with 20-year tariffs.

FNB Gas has unveiled plans for a hydrogen core network in Germany, while Tree Energy Solutions has started working on an electrolyzer and 1 GW of renewable energy assets in Canada.

Armor Group has acquired a 20% stake in French solar panel maker HoloSolis, marking its entry into perovskite-silicon tandem panel production, a mere week after abandoning organic solar module production.

Portugal’s Prosecutor’s General Office (PGO) reportedly confused the then-Prime Minister’s name, Antonio Costa, with that of the Minister of Economy, António Costa Silva, in a corruption investigation. The transcription incorrectly implicated the Prime Minister’s involvement.

Electricity market prices recovered in the second week of November due to falling wind production. MIBEL recorded the lowest weekly average price for the third consecutive week.