european solar

Europe’s solar industry has welcomed moves by EU energy ministers to agree a way forward on electricity market design.

Multiple European cell and module manufacturers, start-ups and solar PV component suppliers have published an open letter via the European Solar Manufacturing Council (ESMC), urging the EU to take actions to safeguard the European PV manufacturing industry threatened by "unsustainably low-priced PV modules" from Chinese module manufacturers.

Israeli solar inverter manufacturer SolarEdge posted strong financial results for the second quarter of 2023 with record revenues from the solar segment of US$947.4 million.

Spanish utility Iberdrola has signed a financing agreement worth €1 billion (US$1.08 billion) with the European Investment Bank (EIB) to build 19 solar power plants and three onshore wind farms in Europe.

Solar PV additions have seen significant increase over the past few years, while it is also leading the increase in new renewable capacity worldwide this year, according to the International Energy Agency’s latest report Renewable Energy Market Update June 2023.

Solar PV developer Chint Solar will develop almost 200MWp of solar PV projects in Hungary expected to be commissioned in 2024.

The European Commission (EC) has announced the Net Zero Industry Act, addressing a number of technologies that can help achieve decarbonisation including solar PV.

The EU Commission has announced new measures to support multiple sectors, including the renewable energy industry, to keep them in Europe.

Italian PV panel manufacturer FuturaSun has acquired 24,000 square metres of land to build a factory with 2GW production capacity in a year, relaunching its PV supply chain in Europe.

Households in European countries could save up to 84% on their household bills by installing both solar PV and heat pumps compared to homes relying on gas heating, according to a recent study conducted by trade body SolarPower Europe.