european-union

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Daily News Wrap-Up: India Added 2.5 GW of Solar Open Access in 2022

India added 2.5 GW of solar open access in the calendar year (CY) 2022, a year-over-year (YoY) increase of 92% from the 1.3 GW installed in CY 2021, according to the...

March 16, 2023

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Mercom India

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Daily Wrap-up
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Solar-Powered Heat Pumps Cut Energy Cost for European Homes in 2022

A typical household in Germany, Spain, and Italy saved over €2,800 (~$3,000) on their energy bills by installing the combination of a 7-8 kW solar photovoltaic (PV)...

March 14, 2023

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Gourav Mishra

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Consumers

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Solar
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Revenue Loss due to Solar Equipment Underperformance Rising Globally: Report

Reduced power generation because of equipment underperformance has resulted in a loss of $2.5 billion for the global solar industry, according to Raptor Maps, an...

March 2, 2023

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Gautamee Hazarika

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Finance and M&A

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Modules

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Solar
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Access to Finance Key to Raising EU’s Per Capita Solar Generation

Rooftop solar photovoltaics (PV) can help Europe generate 680 TW of electricity annually – which is a quarter of the current consumption in the European Union (EU)...

February 17, 2023

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Gourav Mishra

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Markets & Policy

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Solar
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Share of Renewables in Global Power Generation Mix to Reach 35% by 2025

As the global demand for electricity is expected to grow at an average rate of 3% annually over the next three years, renewables and nuclear power would also increase to...

February 8, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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America’s IRA Rankles Europe but a Full-scale Green Trade War Unlikely

The game-changing Inflation Reduction Act (IRA), with a whopping $369 billion in funding for clean energy provisions signed by U.S. President Joe Biden last August,...

January 13, 2023

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B.S. Nagaraj

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Markets & Policy

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Other

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Renewable Energy
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EU Disbursed €4 Billion for Green Energy Transition in Eight Countries

The European Union’s (EU) Modernisation Fund disbursed €4.11 billion (~$4.36 billion) this year for 61 projects in eight countries to modernize energy systems,...

December 23, 2022

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Rakesh Ranjan

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Other

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Renewable Energy
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Installed Capacity of Heat Pumps to Grow 2.6 Times to 2,600 GW by 2030: IEA

The sales of heat pumps are expected to soar to record levels this decade as countries look to shift away from fossil fuel dependence for heating requirements, primarily...

December 7, 2022

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Gourav Mishra

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Other

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Renewable Energy
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EU to Speed Up Permissions and Deployment of Renewable Projects

The European Union energy ministers have agreed on a temporary framework, valid for 18 months, to accelerate the permit-granting process and the deployment of renewable...

November 28, 2022

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Gautamee Hazarika

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Other

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Renewable Energy
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EU, Partner Countries Mobilize $20 Billion to Help Indonesia’s Clean Energy Transition

The European Commission and international partners launched a Just Energy Transition Partnership (JETP) with Indonesia, under which they will help deploy $20 billion for...

November 17, 2022

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Gautamee Hazarika

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Other

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Renewable Energy
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Aquila Capital Raises €1 Billion for 2.6 GW of Renewable Energy Projects in Southern Europe

Aquila Clean Energy, a clean energy development platform of Germany-based asset manager Aquila Capital, has secured €1 billion (~$1.005 billion) from the European...

September 12, 2022

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Gourav Mishra

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Finance and M&A

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Other
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Global Renewable Capacity Additions to Breach 300 GW Mark in 2022: IEA

Renewable capacity addition in 2022 is expected to grow by 8% and breach the 300 GW mark for the first time, according to a report published by the International Energy...

May 12, 2022

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Rakesh Ranjan

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Markets & Policy

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Solar
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Renewables Overtake Fossil Fuels as Europe’s Primary Source of Electricity

Renewables overtook fossil fuels as the European Union’s (EU) primary source of electricity due to the rapid growth of clean energy and decline of coal power, according...

February 7, 2021

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Harsh Shukla

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Other

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Renewable Energy
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Spain to Invest €181 Million in Innovative Renewable Energy Projects

The Institute for the Diversification and Saving of Energy (IDAE) will allocate €181 million (~$214 million) to support renewable energy projects in seven autonomous...

September 18, 2020

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Rahul Nair

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Other

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Renewable Energy
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Portugal’s 670 MW Solar Auction Sets a New Record with Lowest Bid of ₹1/kWh

The government of Portugal has concluded the solar auction held for 670 MW capacity. The second solar auction by the country set a new record with the lowest bid of €11....

August 28, 2020

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Rakesh Ranjan

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Solar

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Tenders & Auctions

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