Europe

The US and Europe saw relatively modest increases in the average prices of solar power purchase agreements (PPA) in Q4 2022; 4% and 3% respectively.

Renewables developer Fotowatio Renewable Ventures (FRV) has declared its entry into the German market, opening its first German office in Munich in December and expressing the intention to develop 2GW of solar and energy storage assets in the next four years.

Germany has launched a new tender which seeks to add 1.95GW of utility-scale solar PV capacity on arable land and grassland in disadvantaged areas.

European trade body SolarPower Europe has launched a Solar Best Practices Platform aimed to award quality badges to PV project developers.

Fast solar project completion times mean the Baltics are becoming increasingly attractive to developers compared with other European markets.

Infrastructure investor Marguerite has announced a plan to invest up to €60 million to launch an investment platform catered to new PV projects.

Spain has deployed 2.5GW of self-consumption in 2022, almost half of its total installed capacity, according to data from the Spanish trade association UNEF.

German chemical group Wacker Chemie posted new sales and earnings records in 2022 as the polysilicon division benefited from strong demand and higher prices.

The German Federal Network Agency, the Bundesnetzagentur, has raised the price cap ​​for this year's ground-mounted solar tender to attract interest in auctions.