Europe

Industrial conglomerate Baywa Group plans to sell Solar Trade, an international solar trading business that is part of BayWa r.e.

Solar tracker manufacturer Soltec posted net profits of €13.1 million (US$13.9 million) for the year 2022, a €14 million increase on 2021 which saw a €1.2 million loss for the company.  

Solar developer Lightsource bp has received environmental approval for 19 solar PV projects across four regions in Spain.

Major renewable energy company EDF Renewables has acquired 529MWp of solar PV development portfolio from solar developer MEC Energy in Germany.

Internet connection and data centre provider Equinix has signed five power purchase agreements (PPAs) in Spain with a capacity of 225MW.

Solar module underperformance has nearly doubled since 2019, accounting for around US$2.5 billion in projected losses for the global solar industry.

Trade body SolarPower Europe has called on the European Commission to include a ‘best-in-class’ solar labelling to leverage PV demand for European manufacturing in the Green Deal Industrial Plan.

The German Solar Industry Association (BSW) has signed an agreement with the Indian Skill Council for Green Jobs (SCGJ) to integrate skilled workers from India into the German PV industry.

Solar technology and renewable energy company Canadian Solar has announced that its module shipment this year will reach up to 35GW.

Swiss renewable investment group GoldenPeaks Capital has completed the construction of 176MW of solar PV projects in Poland.