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 transatlantic interconnection between Europe and North America could provide both grids more security and efficiency, according to a report from think tank Ember.