Today’s renewable energy news includes announcements from REE, Boviet Solar, FinDev, Enhol’s 396-MW Solar Project in Peru, and others.
Spain’s REE Completes Inter-Island Power Link in the Canary Islands
Red Eléctrica de España (REE) has completed a new inter-island electricity interconnection in the Canary Islands, strengthening grid reliability and flexibility across the archipelago. The power link enables improved electricity flows between islands, reducing dependence on isolated generation systems and supporting greater integration of renewable energy. The infrastructure project represents a major investment in transmission and grid resilience, helping stabilise supply and enhance operational efficiency. For consumers, the interconnection is expected to deliver improved reliability, lower system costs, and reduced emissions by enabling cleaner power dispatch. The completion aligns with Spain’s strategy to modernise its grids and accelerate renewable integration, reinforcing the critical role of interconnectors and transmission upgrades in supporting the country’s energy transition and decarbonisation goals.
Boviet Solar Maintains Operations as Parent Considers Strategic Sale
Boviet Solar has confirmed it is continuing day-to-day operations without disruption while its Chinese parent company evaluates a potential sale as part of a strategic review. The company said manufacturing, project deliveries, and customer support remain on track, providing reassurance to partners and developers. The update comes amid ongoing consolidation in the global solar manufacturing sector, driven by pricing pressure and shifting supply-chain dynamics. For customers, Boviet’s statement helps maintain supply certainty and project continuity. The situation underscores how strategic reviews at parent-company level can coexist with stable subsidiary operations. Boviet Solar remains focused on delivering high-quality solar modules and supporting global project pipelines, while any ownership changes would be assessed with a view to strengthening its long-term competitiveness in the international solar market.
FinDev Canada Backs Enhol’s 396-MW Solar Project in Peru
FinDev Canada has committed financing to support Enhol’s 396-MW solar photovoltaic project in Peru, strengthening the country’s pipeline of large-scale renewable energy developments. The investment will help advance construction and accelerate delivery of clean power to the Peruvian grid. The backing highlights growing international investor confidence in Latin American renewables, driven by strong solar resources and rising electricity demand. For Peru’s power system and consumers, the project will deliver reliable, low-carbon electricity, enhance energy security, and reduce emissions. The financing also supports economic development and job creation, while reinforcing Canada’s role in mobilising capital for sustainable infrastructure. The project aligns with Peru’s decarbonisation objectives and underscores the importance of cross-border finance in scaling renewable energy across emerging markets.
FAHEEMA P