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Following a combination of significant increases in inflationary pressures and supply chain costs, Hexicon recognised an impairment on the Project in December 2025
The key limiting factor was disruptions in port infrastructure, primarily in Primorsk and Ust-Luga.

Innovation project to reduce cost of floating solar plants

Large-scale floating photovoltaics plants can be one of the solutions for a sustainable energy supply. The EU has now approved a project that will...

Global solar PV installations to reach record high in 2019

Global solar PV installations will reach a new high of 114.5 GW in 2019, up 17.5% on 2018, according to new research from Wood...

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