Supply disruptions in the coal and gas sectors have contributed to record electricity costs across Europe, leading to calls for more support for renewables generation to mitigate future price rises.
French utility giant Engie has signed a 24/7 power supply agreement with Google for 140MW of carbon-free energy to its operations in Germany in an arrangement the companies have called a “first-of-its-kind”
PV manufacturing equipment supplier Singulus Technologies has received an order for a pilot line of its next-generation selenisation machine from a subsidiary of existing customer China National Building Materials (CNBM).
German renewables asset operator Blue Elephant Energy has shelved plans for an initial public offering (IPO) after it secured a €75 million (US$88.8 million) cash injection.
Poland’s R.Power has entered the German solar market after signing co-development agreements with local developers to collaborate on PV projects in the country.
Heterojunction cell and module manufacturer Meyer Burger has raised approximately US$258 million through the placement of shares and green bonds as it looks to accelerate its push into international solar module markets.
Major system-wide benefits are obtainable for European power producers that quickly replace coal with renewable energy, from avoiding fuel and carbon costs to new power export opportunities.
There has been an increase in the share of PV systems in Germany that have an eastern and western orientation, according to new findings from Fraunhofer ISE.
Germany’s renewable energy sector has said new government plans to more than triple the PV capacity included in next year’s auctions do not go far enough in supporting long-term solar deployment.
