Europe boasts more than 82GW of annual inverter production capacity, but EU inverter companies’ market share in the continent is shrinking due to a lack of domestic support policies and fierce competition from Asia — especially China — accounting for only 21% as of 2023, according to trade body SolarPower Europe.
Ensuring effective legislation, but not getting bogged down in bureaucracy, could make or break the EU’s Net Zero Industry Act (NZIA), which is set to come into effect this year.
660GW of solar PV capacity will be deployed in 2024 as market demand responds to sustained low module prices, according to polysilicon market researcher Bernreuter Research.
A leading German solar distributor has predicted “crazy” ongoing pricing pressures in Europe as the PV industry continues to face huge product oversupply and competition prompted by the easing of the recent energy crisis in Europe.
Solar manufacturer Qcells has partnered with Lumet, a specialist in solar cell metallisation technology, to reduce the cost of its cell production lines.
The US government has proposed new regulations regarding tax credits for the owners of renewable energy and energy storage facilities eligible for support under the Inflation Reduction Act (IRA).
Renewables developer EPR Renewables North America has built a 157MW solar PV project in Arkansas, marking the company’s entry into the state.
A new report from the Lawrence Berkeley National Laboratory (LBNL) in the US has found that, between 2019 and 2022, the addition of solar and wind generation capacity in the US cut carbon dioxide emissions by around 900 million metric tons, driving economic benefits worth US$249 billion.
Expecting the unexpected is great advice but challenging in practice. The sudden onset and uncertain ramifications of crises are a part of reality, whether those involve a global pandemic or when geopolitical tensions escalate into open conflict. For energy providers with their fickle raw materials, the only way to manage uncertainty is a detailed and timely understanding of energy supply and demand. Mitigating the impact crisis situations have on critical infrastructure is essential to sustain households, industries, and entire economies. As an ever-growing part of the energy mix, this now also applies to solar energy.
The European Council (EC) has adopted the EU’s Net-Zero Industry Act (NZIA) after just over a year of discussion, as the EU looks to bolster its clean energy manufacturing industries.
US solar project company Pine Gate Renewables has signed an environmental asset purchase agreement (EAPA) with social media giant Meta for a 204MW solar PV project in Temple, Texas.
BayWa r.e. has commissioned its first agrivoltaics (agriPV) project in Spain, a 54MW facility, and has signed a power purchase agreement (PPA) to sell electricity generated at the project to the Velux Group, a Danish window supplier.
