Italy

The Italian PV market grew 7% last year with new capacity additions of 437 MW. Of that figure, only about 47 MW was for installations larger than 1 MW – a clear sign rooftop PV is still driving demand.

A few weeks after launching the sale of its “Solstrale” modules in Germany, the Swedish furniture giant also began offering online its PV panels and systems throughout Italy.

The acquisition of an 85 MW, three-project solar portfolio by the Tages Helios fund illustrates the confidence investors have in Italian renewables, and fund managers are optimistic about the sector as they bid to expand into wind power as well as PV.

The 2018 figures for the Guarantee of Origin (GO) certificate market show a marked growth in clean energy demand in Europe. Demand surpassed 500 TWh, while GO prices reached record levels. Solar GO, however, saw a slight fall.

Wood Mackenzie’s number-crunchers are the latest analysts queueing up to predict a bumper year ahead for PV, with falling prices, rising efficiency rates and booming markets outside China all on the cards. And it could be a make-or-break year for mega-projects, says Wood Mac.

The energy giant’s finance subsidiary placed a bond in Europe to finance its renewable energy and infrastructure projects and secured 70% of Poland’s demand response capacity market for the 2021-2023 period, in the first auctions of their kind in the nation.

Danish developer European Energy has secured a 12-year agreement from Axpo Italia, the local unit of Swiss energy provider Axpo. Around half the 300 MW of solar projects the company is developing in Italy are now ready to build.

Italian COP negotiator and environmental public servant Francesco La Camera has been selected as the International Renewable Energy Agency’s (IRENA) new director-general. He takes over from Adnan Z Amin, who stepped down from the role after eight years with an heartfelt parting address.

The Italian government has published a plan for climate and energy envisaging a central role for solar in the nation’s energy mix, with PV expected to represent more than the half the power generation capacity from renewables by the end of the next decade.

Israeli company will offer $77m – made of up cash and shares – for a controlling stake in electric vehicle power train manufacturer SMRE with the aim of then making the Italian company a wholly-owned subsidiary as the Italian government plans a big EV push.