Europe

The G7 have agreed not to fund any overseas fossil fuel projects by the end of this year at a meeting in Berlin, Germany in which they also doubled down on their commitments to a faster energy transition in light of Russia’s invasion of Ukraine.

Researchers at the Fraunhofer Institute for Solar Energy Systems (ISE) have laid claim to a new solar cell efficiency record of 47.6%.

The European Union’s REPowerEU strategy could be thwarted by higher material and module costs as a “perfect storm” looms over the sector following the pandemic, according to analysts Wood Mackenzie.

Maxeon Solar Technologies saw its gross loss widen in Q1 2022 despite outlook-beating revenue after the sale of excess polysilicon at a loss dragged on its performance.

Inverter manufacturer Gamesa Electric has signed a strategic cooperation agreement with Siemens AG to supply its central inverters for solar PV and battery energy storage system (BESS) projects.

Danish developer Better Energy has partnered with Finish solar company Forus to develop more than 1GW of solar PV in Finland.

Leading solar manufacturers have implored governments to implement tax credits and other financial incentives to stimulate domestic PV manufacturing.

Spanish utility Iberdrola will invest €3 billion (US$3.2 billion) in green hydrogen, the company’s chairman, Ignacio Galán, has announced as he called for a stable European framework to boost investment in the technology.

The Solar Media Podcast returns to discuss the continued rise of TOPCon PV modules and energy storage demand throughout Europe.

Solar EPC Sterling and Wilson believes an easing of PV module supply concerns, the rise of alternate supply chains and a gigawatt-scale green hydrogen market will drive both short- and medium-term growth for PV developers and EPCs.