europe

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

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.

SolarPower Europe has launched the International Solar Manufacturing Initiative (ISMI) to generate demand for European-made solar products.

SMA Solar posted preliminary net losses of €117.7 million (US$126 million) in 2024—down from €225.7 million in income last year.

Europe’s solar buyers are showing increased optimism for the sector, in spite of fluctuations in module prices across technologies.

Ellomay Capital has closed financing for a 198MW portfolio of solar assets it plans to build and operate in Italy.

Australia-based solar module recycling group Lotus Energy has confirmed it will build a US$250 million recycling facility in Saxony, Germany.

Iberdrola invested a record €12 billion into its operations in 2024, which yielded a 31% increase in operational solar capacity.

The retreat on renewables has been described as a "last-ditch attempt to cash in" against the rising tide of the energy transition.