Renewable Energy

Since the beginning of 2023 till August, the price of low-cost solar modules in Europe dropped by over 25% to fall under €0.15/W.

Agora Energiewende says Europe needs €30 billion ($32.2 billion) by 2027 to rebuild its PV industry. It calls for up to €30 billion until 2027 and up to €94.5 billion from 2028 to 2034 to revive the European solar sector.

Ongoing innovation in PV cell technology will have major impacts as solar is deployed at a “multi-terawatt scale” over the next two decades, according to a global team of scientists.

While the future looks bright, the US market continues to battle various challenges that analysts believe are stagnating pipeline growth.

UK has awarded a total of 3.7 GW new renewable energy capacity for AR5 auction round.

Global investment and management platform Qualitas Energy has raised €280 million ($300 million) as refinancing for its Mula PV Project in Spain’s Murcia.

Italy’s total installed solar PV capacity at the end of June 2023 grew to 27.37 GW with the addition of 2.32 GW deployed in H1/2023.

The ABCD-Horizon consortium plans to install solar PV systems at 45 rest areas in Romandie, Valais and Bern regions.

Serbia’s inaugural wind and solar energy auction is part of the government’s 1.3 GW Incentive System Plan to be completed over 3 years.

The monthly solar installations in Germany are inching closer to the required 1.57 GW to achieve the 215 GW target by 2030.

A lack of clear policy support, raw material dependency, and higher production costs are inhibiting the localization of European solar manufacturing, despite strong demand.

In a new monthly column for pv magazine, SolarPower Europe describes how Mozambique may take full advantage of its huge solar potential by implementing its recently launched Renewable Energy Auctions Programme for large-scale projects, while also pushing for more off-grid renewables in remote areas.

In 2022, off-grid solar kit sales reached a record-breaking 9.5 million units. This is almost 1 million more than the 8.5 million units sold in 2019.

SEG Solar (SEG), a US producer of photovoltaic modules for the utility, commercial and residential markets, was added to the BloombergNEF (BNEF) list of Tier 1 global solar manufacturers for Q3 2023.

Although raw material costs in China are slowly stabilizing again, PV module prices continue to decline, as inventory levels remain very high.