Despite additional solar and wind contributing to a record reduction in global coal generation last year, new renewable energy projects are still not being built quickly enough to keep pace with rising electricity demand.
Berlin-based greentech startup Zolar has raised an additional €10 million (US$11.9 million) in an investment round led by Energy Impact Partners, bringing its series B funding to €35 million.
The rapid scale-up of solar capacity in the European Union drove the growth of renewable electricity generation, which overtook that of fossil fuels for the first time last year.
Meyer Burger has been pledged a total of €22.5 million in regional German government grants when the company starts ramping volume production capacity to 1.4GW for its heterojunction (HJ) solar cell and module assembly.
The European solar sector has defied expectations to record its second-best year ever for deployment, according to a new study from trade association SolarPower Europe (SPE).
