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Vehicle-Integrated Solar Technology Could Cut Europe’s Grid Demand by 15.6 TWh Annually

The European research project SolarMoves highlights the potential of Vehicle-Integrated Photovoltaics (VIPV) to reduce grid electricity demand and aid transport decarbonisation. Findings indicate that VIPV can meet up to 80% of energy needs for vehicles in Southern Europe. The study recommends incorporating VIPV in vehicle efficiency standards and renewable energy policies.
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Nordex Secures 56 MW Wind Turbine Order From WEB Windenergie in Austria

The Nordex Group received a 56 MW order from WEB Windenergie AG for the Auersthal RI repowering project in Lower Austria. It will supply eight N175/6.X wind turbines, marking its largest project in Austria. This initiative aims to enhance energy production and efficiency, with commissioning set for 2028.

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NORTH EUROPE

Norway Provides NOK 150 Million Guarantee for 254 MW Thakadu Solar Project in South Africa

Norway has guaranteed up to NOK 150 million to support the Thakadu Solar power project in South Africa, aimed at addressing electricity supply issues and promoting renewable energy. Developed by Scatec, the 254 MW plant will supply clean energy directly to commercial customers, enhancing investment confidence and creating jobs while reducing reliance on coal.

EASTERN EUROPE

Rezolv Energy Secures €561 Million For EU’s Largest Onshore Renewable Project In Romania

Rezolv Energy, supported by Actis, has secured €561 million in financing for the 1.3 GWp Dama Solar project in Romania, set to become the EU's largest onshore renewable energy initiative. Expected to be operational by late 2028, it will generate 1,800 GWh annually, significantly contributing to Romania’s solar electricity generation.

WESTERN EUROPE

Germany’s July Solar Auction Oversubscribed With 3.17 GW Bids, Average Award Price Falls to 4.79 ct/kWh

Germany’s Federal Network Agency announced the results of its July 2026 solar auction, offering 2,135 MW capacity. With 401 bids totaling 3,170 MW, the auction was oversubscribed. A total of 261 bids were awarded at prices ranging from 4.38 to 4.97 euro cents per kWh, showcasing strong competition in solar development.

SOUTHERN EUROPE

National Bank of Greece Finances Greece’s First Auction-Selected BESS Project

National Bank of Greece S.A. has agreed to finance a 50 MW/100 MWh battery energy storage system in Greece, totaling €41.9 million. Located in Oinofyta, this project aims to enhance grid flexibility and renewable energy integration. Commissioning is expected by 2025, in line with Greece's National Recovery and Resilience Plan.

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