europe

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Small Capacities Make Up 22% of 601 MW of Solar Added in France in Q1 2023

France installed 601 MW of solar capacity in the first quarter (Q1) of 2023, compared to 596 MW installed in the same period of the previous year. Solar generated 3.6...

June 2, 2023

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Arjun Joshi

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Markets & Policy

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Solar
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Global Wind Turbine Orders Rise by 27% in Q1 2023, Setting New Record

Global wind turbine order intake during the first quarter (Q1) of 2023 surges by 27% year-over-year (YoY), reaching 23.5 GW, a record high so far, given the increase in...

May 31, 2023

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Gautamee Hazarika

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Markets & Policy

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Wind
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European Union’s CBAM to Consider Indirect Greenhouse Gas Emissions in Future

The European Union has proposed that the Carbon Border Adjustment Mechanism (CBAM) should in the future apply to indirect emissions of greenhouse gases arising from the...

May 24, 2023

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B.S. Nagaraj

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Other

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Renewable Energy
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Holosolis to Build 5 GW Solar PV Gigafactory in France

Solar module manufacturer Holosolis plans to establish a photovoltaic module gigafactory in France, with an annual capacity of 5 GW. The gigafactory is set to commence...

May 24, 2023

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Gautamee Hazarika

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Manufacturing

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Solar
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Solar Manufacturing Scaled Enough in 2022 to Meet 2030 Demand: IEA

The current global project pipeline for solar energy is capable of accommodating the deployment needs by 2030 if the utilization rates increase to 85% on average, under...

May 23, 2023

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Gourav Mishra

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Other

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Renewable Energy
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Ballard Power’s Q1 Revenue Drops 37% Due to Weak Sales Across Segments

Fuel cell maker Ballard Power Systems’ revenue in the first quarter (Q1) of the financial year 2023 amounted to $13.3 million, a 37% decline YoY. Heavy Duty Mobility...

May 18, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Europe Requires $32 Trillion of Investment for Net-Zero by 2050

Europe will need to invest over $32 trillion in energy and related technologies to achieve a net-zero economy by 2050, according to BloombergNEF (BNEF). Although Europe...

May 15, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Greece Launches $261 Million Rooftop Solar Subsidy Program

Greece will provide €238 million (~$260.6 million) in subsidies to households and farmers for installing solar systems combined with a storage battery. The program will...

May 10, 2023

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Arjun Joshi

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Markets & Policy

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Rooftop

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Solar
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TenneT Signs $33 Billion Contracts for Offshore Wind Grid Development

Netherlands-based transmission system operator TenneT has awarded contracts worth around €30 billion (~$33 billion) to four partners to develop and deliver 14 offshore...

April 21, 2023

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Arjun Joshi

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Grid

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Other
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Solar, Wind PPA Prices in North America Surge Due to High Project Costs

Solar and wind power purchase agreement (PPA) prices in North American and European Countries have considerably risen due to increasing capital costs, regulation...

April 20, 2023

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Arjun Joshi

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Markets & Policy

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Solar

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Wind
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EIB Lends €450 Million to Portugal for Transmission System Upgradation

The European Investment Bank (EIB) has agreed to lend €450 million (~$485 million) to Portugal-based energy company Redes Energéticas Nacionais (REN) for renewable...

March 27, 2023

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Arjun Joshi

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Finance and M&A

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Grid
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Europe Unveils Plans for Clean Energy Tech, Raw Materials Access

The European Union has unveiled two key initiatives to make the transition to clean energy and ensure it has access to critical raw materials to make the switch. The...

March 17, 2023

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B.S. Nagaraj

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Other

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Renewable Energy
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European Parliament to Mandate Solar Rooftops for All New Buildings by 2028

The European Parliament adopted the revised Energy Performance of Buildings Directive, mandating the use of solar rooftop systems for all new buildings by 2028 and...

March 16, 2023

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Satish Shetty

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Consumers

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Markets & Policy

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Rooftop

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Solar
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EU Proposes Reforms to Promote Long-term Contracts for Non-Fossil Power

The European Commission has proposed a major reform of the EU’s electricity market design to accelerate the adoption of renewable energy and phase out gas. The...

March 15, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Daily News Wrap-Up: CERC Notifies ISTS Charges Waiver for Renewable Projects

The Central Electricity Regulatory Commission (CERC) has amended the CERC (Sharing of Inter-State Transmission Charges and Losses) Regulations, 2020, waiving interstate...

March 13, 2023

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Mercom India

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Daily Wrap-up

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