Europe

EDP has secured €700 million in loans from the European Investment Bank (EIB) to support the development of over 1.9GW of renewable energy capacity

Unlike the price ceiling for wind, which has not changed compared to 2024, all three auctions involving solar PV have been revised down to take into account the decrease in the forecast levelised cost of electricity, said the Bundesnetzagentur.

This week, a number of solar developers have raised funds for a number of projects, including Sonnedix in Europe and Origis in the US.

The 28.6% efficiency rating was certified by the CalLab at the Fraunhofer Institute for Solar Energy Systems (ISE).

The ingot and wafer plant in Norway had an annual nameplate capacity of 1GW, according to the company’s website.

The company uses direct “gas-to-wafer” epitaxial technology to produce its solar wafers which achieved 24.4% efficiency on HJT cells.

Approved under the State aid Temporary Crisis and Transition Framework (TCTF), the scheme aims to support the construction of new solar PV, onshore wind, hydropower for a combined 17.65GW of renewable capacity.

Overall, Germany (with 16.1GW added in 2024) continues to be the most important market in the European Union for solar PV, followed by Spain (9.3GW) and Italy (6.4GW).

A paper published by the ESMC Working Group praises the NZIA but says there are gaps which need to be filled.

Romania's Ministry of Energy’s first Contracts for Difference (CfD) has awarded 11 solar PV projects with a combined capacity of 432MW.