Europe

A consortium led by Austrian developer Green Source Consulting and Russian energy company Vershina Development plans to develop a five project, 75MW PV pipeline in Russia.

Wood Mackenzie: Continent will grow to install annual 20GW within three years but shift to auctions and merchant exposure will see profitability come under pressure.

PV hybrid costs of US$0.20/kWh by 2030 would help install enough mini-grids to power half a billion people and close energy access gaps, says new report.

Government plan to bring back manufacturing ‘champions’ is either Europe’s second chance or a quest doomed to fail, depending on who PV Tech asks.

Russia-based integrated PV manufacturer Hevel Group has completed its second phase of heterojunction (HJ) cell and module production expansions, taking nameplate capacity to 260MW.

Parent Creadev, existing backer Proparco and the EBRD to fund €283m of total capital increase, launched by firm to push PV, wind portfolio from current 1GW.

Firm boasts of 6.6GW pipeline and speculation-free approach as it sets sights on becoming country’s top IPP by 2023.

Installers initially balked at applying innovation to 2.5MW Norwegian PV rooftop but came around after learning costs would drop by 10-15%, firm tells PV Tech.

Q-Energy raises from German, South Korean investors to back nine plants in Andalusia built over past 10 years with support from Spanish subsidies.

SPE, ETIP PV: Bolder approach would help continent seize largely untapped building-integrated PV potential, which goes well beyond rooftop installations.