Europe

Fraunhofer ISE has led research on the world’s most efficient small organic solar cell, with a conversion efficiency of 15.8%

Modus Asset Management has taken owership of a of a 55MW ground-mounted solar PV portfolio in Latvia from renewables developer Evecon, through its Clean Energy Infrastructure Fund.

Swedish state-owned utility Vattenfall has acquired German solar developer Solizer and its PV portfolio of 4GW of projects in Germany.

There are currently over 40GW of Chinese-made solar modules in storage across Europe with a cumulative value of around €7 billion (US$7.8 billion), according to data from research firm Rystad Energy.

Nordic independent power producer (IPP) Scatec has secured US$102 million in funding to support its Release by Scatec platform.

Complexul Energetic Oltenia has signed contracts with two Romanian power companies to build solar projects with a combined capacity of 735MW.

Carrie Xiao on a recent workshop held by TÜV Rheinland where PV developers, buyers and investors exchanged views on module quality and buying strategies.

PV Tech met with Li Luwei, vice president of Chinese mounting system provider Antaisolar, at Intersolar Europe to discuss the current landscape and learn about the company’s plans to redress the balance.

PVCase has closed its latest funding round, raising US$100 million from investors Highland Europe, Energize and Elephant.

Solar corporate funding for the first half of 2023 increased by 54% year-on-year to US$18.5 billion, with public market financing dominating the increase.