Europe

Engie said the loan would support its plan to phase out coal from its portfolio by 2025 in continental Europe and 2027 worldwide.

The companies dubbed it the ‘largest’ solar park in the Baltics and double the capacity of the previous largest operational solar PV plant in Estonia.

The EBRD has committed €100 million to Lithuanian renewable power developer Green Genius, to expand its work in Europe until 2029.

According to the Vietnamese Department of Trade Remedies, the Turkish government has exempted four major solar manufacturers from the tariffs.

The European Commission (EC) has approved a €1 billion (US$1.1 billion) Portuguese state aid scheme to support investments in the production of renewable energy equipment.

In related Romanian news, Simtel has partnered with Monsson to develop, construct and sell 150MW of solar PV and/or hybrid projects.

Europe’s solar sector exceeded 800,000 full-time equivalent jobs for the first time in 2023, following record-breaking installation figures.

BayWa has published its financial results for the first half of the year, which include total revenues of €10.7 billion (US$11.9 billion).

Meyer Burger has published its preliminary results for H1 2024, which include module sales of CHF43.4 million (US$51.5 million).

Reducing volatility impacts, managing cannibalisation and investing in grids will help solar energy cement its role in global energy systems.