Europe

The European Commission has launched a consultation seeking feedback on the State aid Framework accompanying the Clean Industrial Deal.

Velto Renewables and Q Energy have announced plans to develop over 500MW of renewable energy capacity in Europe.

The ninth auction for rooftop solar PV awarded 54 projects with an average price of €98.2/MWh, a slight decrease from the previous tender.

The changing landscape of international aid to Ukraine puts a new focus on its energy sector and the boom in self-consumption PV systems.

Greek renewables firm Terna Energy, a subsidiary of Emirati state-owned developer Masdar, has invested in a 130MW solar PV plant in Bulgaria.

The European Investment Bank (EIB) has committed €250 million to support the development of Burgenland Energie’s 2GW solar and wind portfolio.

Danish renewables firm European Energy has secured €68 million (US$73.4 million) in financing for a 148MWp solar PV plant in Latvia.

The company said its Full Black double-glass module, based on n-type TOPcon cell technology, has a conversion efficiency of 22.8%.

Europe’s solar manufacturing sector heavily favours downstream products such as cells and modules, according to SolarPower Europe.

The move is an effort to strengthen its financial position after reporting losses of €126 million in the first half of 2024.