Europe

As Germany is pushing for its goal of producing 80% of electricity consumption covered by renewable energy in 2030, its Federal Ministry for Economic Affairs and Climate Action (BMWK) has announced its PV strategy to speed up PV installations. 

A consortium of Dutch and German organisations led by the Netherlands Organisation for Applied Scientific Research (TNO) has developed a tandem solar PV module that is aimed to be introduced in European markets.

Belgian solar manufacturer Belinus has selected Belgium and Georgia to build 5GW of solar module manufacturing facilities to be operational by the end of 2025.

JinkoSolar has finished 2022 with 44.5GW of solar modules shipped globally and expects to have 60% of all shipments in 2023 from its n-type products.

Greek utility Public Power Corporation S.A (PPC) has signed a deal to purchase the entirety of Enel Group’s Romanian equity and assets.

The EU Commission has announced new measures to support multiple sectors, including the renewable energy industry, to keep them in Europe.

Spanish developer Grenergy has signed a 15-year power purchase agreement with chemical company LyondellBasell for a 259MW solar PV plant in Spain.

Inverter supplier SMA Solar Technology has published provisional financial results for 2022 which show significant improvements in EBITDA and net income compared with 2021.

Italian PV panel manufacturer FuturaSun has acquired 24,000 square metres of land to build a factory with 2GW production capacity in a year, relaunching its PV supply chain in Europe.

Households in European countries could save up to 84% on their household bills by installing both solar PV and heat pumps compared to homes relying on gas heating, according to a recent study conducted by trade body SolarPower Europe.