Europe

It will be 10 times more expensive to operate gas-fired power plants in Europe than to build new Solar PV capacity in the coming years, according to research by Rystad Energy.

New policies in major energy markets would accelerate the investment in clean energy to US$2 trillion by 2030 in the states policies scenario (STEPS), according to a report from the International Energy Agency (IEA).

Iberdrola has recorded strong performances from its international assets, mainly the US and Brazil, driving its net profit up in Q1-Q3 2022.

The world installed around 174GW of solar PV in 2021, a 20% jump on the previous year, and is expected to deploy 260GW this year, barring any major disruptions to international trade.

Developer Mytilineos' renewables and storage department has recorded its best ever sales quarter in Q3 at the same time as posting strong numbers for the first three quarters of the year.

Europe solar’s annual capacity will “significantly” increase after the invasion of Ukraine, according to a report from energy giant Stakraft.

Solar glass manufacturer Borosil Renewables has acquired a 86% stake in European peer Interfloat Group expanding its customer base in Europe.

Green hydrogen electrolysis is emerging as a potential solution to curtailment, taking excess solar and converting it into hydrogen for either long-duration storage or use by other industries, writes Alissa Tripp, senior research and commercial analyst at Octopus Hydrogen.

With many similarities to the Greek solar market, Romania is on track to accelerate its solar deployment in the coming years.

Winning bidders from Portugal’s solar auctions will have their tariffs increased in line with inflation as the government aims to ensure the projects remain economically viable.