Europe

Recurrent Energy, the solar project development subsidiary of global solar manufacturer Canadian Solar, has made an initial closing on BlackRock’s investment.

Silicon-based tandem solar cells and modules are expected to enter commercial production in 2027 with a module efficiency of 27%, according to the latest International Technology Roadmap for Photovoltaic (ITRPV) published by German engineering association VDMA.

Spanish renewables firm Elawan Energy has established a joint venture to develop 2GW of solar PV projects in Italy.

A record of 53 manufacturers and 388 module types have been named “Top Performers” by Kiwa PV Evolution Labs (PVEL) in its 2024 Module Reliability Scorecard.

Current climate targets can only be achieved with a step away from fossil fuels towards renewable energy, and towards an all-electric society.

The development includes the 445MW Bilasuvar solar PV project, the 315MW Neftchala solar PV project, in addition to a 240MW wind project.

Finlay Colville noted that a greater emphasis on domestic manufacturing “changes the whole supply chain,” at the UK Solar Summit.

Earlier this month the agriculture minister, Francesco Lollobrigida, announced a plan to "put an end to the wild installation of ground-mounted photovoltaics" on land classified as agricultural land.

A report from Ember Climate notes that wind and solar generation in the EU have cut fossil fuel generation by one-fifth between 2019 and 2023.

Ember Climate suggests that the EU will need to invest at least €58.4 billion a year on transmission and distribution grids.