Europe

The European Commission (EC) has approved a €1 billion (US$1.1 billion) Portuguese state aid scheme to support investments in the production of renewable energy equipment.

In related Romanian news, Simtel has partnered with Monsson to develop, construct and sell 150MW of solar PV and/or hybrid projects.

Europe’s solar sector exceeded 800,000 full-time equivalent jobs for the first time in 2023, following record-breaking installation figures.

BayWa has published its financial results for the first half of the year, which include total revenues of €10.7 billion (US$11.9 billion).

Meyer Burger has published its preliminary results for H1 2024, which include module sales of CHF43.4 million (US$51.5 million).

Reducing volatility impacts, managing cannibalisation and investing in grids will help solar energy cement its role in global energy systems.

Security solutions DeterTech has unveiled its rapid response solution for solar PV farms and battery storage to address the threat of cable theft.

The world could meet the targets set out at last year’s COP28, as long as 'additional international efforts' are made, according to the IEA.

SMA Solar has announced plans to conduct a 'company-wide restructuring' due to the impacts of what it calls a 'volatile' market environment.

The global target to treble renewable energy capacity to 11TW by 2030 is off track, according to a report from BloombergNEF (BNEF).