Europe

Market dynamics and growing concerns over Europe’s grid bottlenecks were key topics at this year’s Solar Finance & Investment Europe summit.

Strike prices for solar PV in upcoming UK Contracts for Difference (CfD) allocation have been forecast to be around £63-68MWh (US$86-93MWh), according to trade body, Solar Energy UK (SEUK).

The European Investment Bank (EIB) is planning to provide dedicated support to European solar inverter manufacturers amid a call for greater energy security and strategic autonomy.

Global electricity demand is set to grow 2.5 times as fast as overall energy demand by 2030, ushering in what the International Energy Agency (IEA) has dubbed the “Age of Electricity”.

The European Commission has approved a €3 billion (US$3.55 billion) clean energy manufacturing aid scheme from Germany.

Chinese solar PV inverter and energy storage manufacturer Sungrow has expanded its manufacturing outreach with a new facility in southwestern Poland.

Chinese solar PV manufacturer Aiko Solar will license a raft of solar cell technology patents from Singapore-based manufacturer Maxeon.

Lithuanian independent power producer (IPP) Green Genius has commenced operations of its 120.8MW solar project in Jekabpils region, Latvia.

Sunwafe has selected Spanish engineering firm Tresca Ingenieria for the development of its 20GW ingot/wafer manufacturing facility in Spain.

Portuguese PV cleaning specialist Chemitek Solar has launched a new solution for drone-based cleaning of agrivoltaic systems.