hungary

A round-up of the latest PV project news from the US and Europe, including two announcements in Spain, the inauguration of a pair of Hungarian PV plants and operations beginning at an installation in Colorado from Lightsource bp.

High development costs and an unstable regulatory environment have increased average solar power purchase agreement (PPA) prices in Europe to a new high of €76.84 (US$82.4)/MWh in Q4 2022.

The European Union (EU) generated a record 12% of its electricity from solar between May and August 2022, a report from think tank Ember has revealed.

Eastern European solar markets face a familiar foe in grid constraints, especially with high voltage network capacity, but high energy prices are creating potential for merchant projects in the region.

Solar project developer and asset owner Photon Energy Group saw its revenue reach a new high last year thanks to the sale of electricity from its growing portfolio of PV plants.

The European Union’s (EU) solar PV sector has navigated a year beset by supply chain disruptions and module prices hikes to post record levels of annual deployment, according to research from SolarPower Europe (SPE).

Solar PV plants generated 10% of the EU-27’s electricity demand during June and July this year, new analysis by energy thinktank Ember has found.

Photon Energy has reached more than 420MWp of PV projects under development, as the Netherlands-based renewables company weathered the impacts of COVID-19 on its financial performance last year.

Solar developer ReneSola returned to net profit last year despite struggling with declining revenues throughout 2020.

A round-up of the latest news in solar project development, as Grenergy secures €70 million for Chile farms, ReneSola sells a 12.3MW portfolio and Bluefield Solar Income Fund boosts its portfolio with a 70MWp acquisition.