The EU ban on issuing funds for energy projects using Chinese inverters could affect around 14% of the bloc’s solar demand through 2030, according to new analysis from energy market research firm Wood Mackenzie.
The Spanish Ministry of Ecological Transition (MITECO) has awarded more than €160 million (US$183 million) in funding to 40 clean energy manufacturing projects, three of which are for solar PV.
German inverter manufacturer SMA Solar has reported a first-quarter net loss of €1.6 million (US$1.86 millon), down from a €5.5 million profit in the same period last year.