Investment in the global energy transition totaled US$1.1 trillion in 2022 according to analyst firm BloombergNEF, reaching parity with investment in fossil fuels for the first time ever.
Sky-high electricity prices and an increasing urgency to curb fossil fuel led to a surge in European solar additions last year. Jules Scully charts how the continent’s ongoing energy crisis is affecting EU renewables policy and PPA appetite.
As 2022 comes to an end, PV Tech is reviewing the year in solar, reflecting on some of the biggest stories and trends of the last 12 months. Here we take a look at the major manufacturing announcements and PV equipment supply deals during Q1.
Many of France’s large-scale solar projects have had to be set aside temporarily due to pressures from the energy crisis causing poor access to equipment and a rise in the levelised cost of electricity.
The EU installed 47% more solar in 2022 than last year and is on track to double its capacity by 2026 to an expected 484GW, according to a report by industry association SolarPower Europe.
Having been rebranded with a new ethos and mission, Qcells’ ambitions are supported by a suite of clean energy products as it consolidates its position in the solar PV sector.
The European Commission today proposed a temporary emergency regulation to accelerate the deployment of renewable energy in the face of the energy crisis and the knock-on effects of Russia’s invasion of Ukraine.
Winning bidders from Portugal’s solar auctions will have their tariffs increased in line with inflation as the government aims to ensure the projects remain economically viable.
A coalition of 18 organisations has urged EU member states to require solar be installed on all new and renovated buildings, as well as existing non-residential buildings.
