Finnish utility Fortum has begun development on an 80MW solar PV plant in Finland’s Virolahti municipality in the Southeast of the country bordering Russia. It will be Fortum’s first solar PV project in its home country.
Europe will surpass its 30GW solar PV manufacturing target by 2025 if the right industry and policy conditions are met, according to a report by the European Solar PV Industry Alliance (ESIA).
Last week the US Department of Treasury and Internal Revenue Service (IRS) released guidance on tax credits included in the Inflation Reduction Act (IRA), which allow state and local governments, nonprofits and other entities to benefit from renewable energy tax breaks.
First Solar has announced that it will produce a limited production run of bifacial thin film PV modules, which it says are the first of their kind. The company ultimately plans to roll the product out commercially, following field and laboratory testing.
Private equity firm Antin Infrastructure Partners has made a voluntary offer to buy the entirety of the shares of Spanish renewable energy developer Opdenergy for €866 million (US$935 million).
PV manufacturer Meyer Burger and German developer Baywa r.e have signed a 1.25GW module supply deal in the US which will see Baywa r.e receive Meyer Burger panels from 2025 through 2029.
