Western Europe

The two countries have signed a memorandum of understanding (MoU) to develop a new subsea electricity line connecting their power systems. The power link, if built, could provide a route for African solar energy to reach European markets.

Industry body the Renewable Energy Association (REA) is calling on the U.K. government to reduce tax on various clean energy technologies and energy efficiency measures in the residential sector, with particular emphasis on battery installations. The association sees this as one of the most effective ways to protect consumers from volatile energy prices, as well as for the country to meet its stated decarbonization goals.

A consortium of investors is evaluating a hydrogen production project on the Orkney Islands to the north of Scotland, that would transform the island into a hub for hydrogen production, taking advantage of abundant wind resources nearby in the North Sea.

Octopus Energy and RES have announced a new partnership under which they plan to invest GBP 3 billion in the construction of green hydrogen plants throughout the United Kingdom by 2030.

The financing round will be used to drive the Spanish PV software specialist’s international growth in markets such as the United States, Europe, Latin America, and Asia-Pacific, accelerate product development and improve customer experience.

Reliance New Energy Solar, a subsidiary of Reliance Industries led by billionaire Mukesh Ambani, which is planning a huge manufacturing venture in Gujarat, India, has led a series C financing round in German wafer manufacturer NexWafe with an investment of EUR 25 million ($29 million). This marks the third major investment in renewables announced by the Indian multinational this week.

Reliance New Energy Solar has signed an agreement with Danish firm Stiesdal A/S to develop and manufacture Stiesdal HydroGen electrolyzers for green hydrogen production in India.

CCE Solar Invest GmbH has secured financing to build 600 MW of PV capacity in Italy.

The U.K.’s sudden energy resource squeeze is seeing price increases on gas and electricity and is creating a solar panel boom, too.

The temporary measures enacted by the Spanish government in mid-September to reduce the price of electricity affect many owners of wind and solar power plants on the Spanish mainland to varying degrees.