Global investment manager CarVal has invested €100 million (US$107 million) in Swedish solar company Svea Solar to support its expansion of utility-scale solar plants in Europe.
Solar developer ReneSola Power is looking to expand into further European markets after slowdowns in the US and China contributed to a revenue collapse in its opening quarter.
Italy’s solar sector is a market in flux, with moves by the government to ease development clashing with a clawback of solar profits hampering international investor confidence. Molly Lempriere takes a look at what the new market potential for Italy is and where does it go from here?
The European Solar Manufacturing Council (ESMC) has launched an Important Project of Common European Interest (IPCEI) for PV aimed at mobilising EU member states’ support for breakthrough solar manufacturing technologies and to aid their commercialisation.
The EU Solar Energy Strategy, published alongside the REPowerEU strategy yesterday, has targeted 400GWdc of solar PV by 2025 and almost 740GWdc by 2030, a significant jump on the bloc’s previous targets as it looks to cut its reliance on Russian fossil fuels.
The world added record amounts of renewable energy last year with 295GW of capacity deployed, up 6% year-on-year, despite supply chain constraints, project delays and high commodity prices, according to the International Energy Agency (IEA), which also expects nearly 320GW to be deployed this year.
The European Commission (EC) intends to speed up the permitting process for renewable energy projects to a maximum of one year, Reuters reported yesterday, referencing a leaked draft document it had seen.
The heads of five major energy trade bodies in Europe have written to the European Union and member states urging them not to change the current power price setting mechanism in light of the continent’s energy crisis and instead pursue greater renewables rollout.
