Europe

A €2.2 billion (US$2.3 billion) scheme to support investment into decarbonising industrial processes in Germany has been approved by the European Commission (EC).

Clean energy asset manager Luxcara has reached financial close on a 315.7MWp portfolio of three solar PV projects in Denmark alongside German bank Bayerische Landesbank.

Oil company Eni’s renewables subsidiary Plenitude has begun constructing a 330MWp solar PV plant in Spain.

Solar developer Move ON Energy has commenced commercial operation of Europe’s largest solar PV park in Germany.

As trade laws and concern around the concentration of solar manufacturing in China increase, can the solar supply chain support global demand?

According to a report from industry lobby group the European Round Table for Industry (ERT) investment in Europe’s energy infrastructure requires €800 billion (US$870 million) by 2030.

Renewables produce 39% of electricity in Central and Eastern Europe last year, according to a study from energy think tank Ember.

Rooftop solar grew by 54% year-on-year in 2023 in Europe but a clear roadmap or strategy are essential for future growth in the sector.

Poland's cumulative installed solar PV capacity surpassed 17GW as of the end of 2023, according to Polish research group IEO.

Swiss-owned solar manufacturer Meyer Burger has raised CHF206.75 million (US$228 million) following the closure of its rights offering.