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The European Commission (EC) has been on an overdrive post Covid, launching multiple partnerships and funding for fostering manufacturing and innovation within the continent. Like the Biden administration in the US, the ostensible reason has been a desire to cut dependence on China in the renewable space, especially in the solar and now, battery space. […]
Northvolt, the Sweden based battery maker that many in Europe saw as a future champion, has filed for bankruptcy in Sweden on Wednesday. Northvolt has reportedly raised has raised more than $14 billion, which clearly wasn’t managed too well, as the firm’s bankruptcy filing in the US in November last year demonstrated. “Northvolt has experienced […]
SolarPower Europe, the leading European solar body, has released a new report that calls upon Europe to seek deeper backward integration for solar manufacturing. The report highlights that at least 38 companies are active in Europe manufacturing the equipment and machinery that produces vital steps of the solar PV module supply chain, including cells, ingots, […]
European Union (EU) in 2024 witnessed an 11% rise in solar-generated electricity overtaking coal which fell below 10%. European Electricity Review by Ember said. The latest review by think tank Ember, identified, a decline in gas generation in the EU for the fifth year in a row, and total fossil generation also fell to a […]
A tsunami of cheap Chinese solar panels flooding Europe, an increasing taste for rooftop solar and a boom for small, medium and large-scale battery storage. These are the three strongest trends in solar energy as we move into the new year. I have predicted global solar and renewable trends for the past ten years. Most […]
After years of stellar growth, the EU solar sector has been hit by a significant deployment slowdown – tumbling from 53% growth in 2023 to 4% in 2024, amounting to a 92% slowdown in solar growth over the last year. With 65.5 GW of new solar in 2024, the sector just inched past its 2023 […]
Solar Power Europe, the leading association for the European Solar PV sector, has turned ints attention to the threat to non-Chinese inverters majors in the developed world. In a statement held after an ‘exceptional’ meeting at Germany’s SMA, the board issued a statement calling for more support for the inverter makers who have faced increasing […]
As renewable energy becomes a larger part of power grids across the globe, challenges like negative prices and reduced value for standalone profiles, particularly solar, are emerging, particularly in developed power markets. Market participants generally agree that the risk of negative prices will likely get worse before it improves. Innovative Power Purchase Agreements, or PPA […]
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