Approved under the State aid Temporary Crisis and Transition Framework (TCTF), the scheme aims to support the construction of new solar PV, onshore wind, hydropower for a combined 17.65GW of renewable capacity.
Overall, Germany (with 16.1GW added in 2024) continues to be the most important market in the European Union for solar PV, followed by Spain (9.3GW) and Italy (6.4GW).
Tax credit transference measures introduced under the Inflation Reduction Act have led to billions of dollars of new investment in solar and other clean energy projects. Alfred Johnson and Katie Bays look at some of the risk mitigation and due diligence best practices that can reduce the complexity and cost of tax credit transactions.
NuVision Solar, a new US-based solar manufacturer, has been formed and aims to build a heterojunction (HJT) solar cell and module assembly plant in the US.
A transatlantic interconnection between Europe and North America could provide both grids more security and efficiency, according to a report from think tank Ember.
Dubbed “MaNiTU”, the Fraunhofer project aimed to identify the most sustainable path for the market launch of tandem solar cells with perovskite-silicon tandem solar cells in the lead.