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Markets & Policy

Weekend Read: Europe’s subsidy conundrum

On Nov. 6, the European Solar PV Industry Alliance (ESIA) published a recommendation paper in which it set out how its members envisage a European support scheme to foster the development of European solar. What chance does it have of actually achieving its goals? Götz Fischbeck delivers an assessment.

The Hydrogen Stream: Masdar signs more hydrogen deals at COP28

Masdar unveiled a 10 GW Africa Growth Plan for renewable investments in six Sub-Saharan Nations at COP28 in Dubai this week, in addition to signing four additional hydrogen deals.

Chinese PV Industry Brief: Polysilicon prices continue to fall

Polysilicon prices fell by as much as 0.63% in China this week, according to the China Nonferrous Metals Industry Association (CNMIA).

Energetica Industries files for insolvency

Energetica Industries, an Austrian PV manufacturer, can no longer meet its payment obligations. A total of 120 creditors and 94 employees are affected by the insolvency proceedings.

Bangladesh approves 1.5 GW of solar

Bangladesh has approved more than 1.5 GW of solar projects over the past seven months, with recent developments including tariffs for 200 MW in November and 310 MW in October.

Planet One Group secures $52 million financing for 50 MW solar farm in Sierra Leone

A consortium of financial institutions last week announced they co-invested $52 million to help finance the development of a 50 MW greenfield project in Sierra Leone titled Planet Solar spearheaded by Frontier Energy and Planet One Group.

Solar LCOE now 29% lower than any fossil fuel option, says EY

A report from Ernst & Young (EY) shows that despite inflationary pressures, solar remains the cheapest source of new-build electricity. The global weighted average levelized cost of electricity (LCOE) for PV is now 29% lower than the cheapest fossil fuel alternative.

Key takeaways from Italia Solare Forum

The Italia Solare Forum this week in Rome highlighted the renewed importance of the large-scale solar segment in Italy and underscored the huge potential of energy communities, given the EU’s recent approval of a dedicated incentive scheme.

EU likely to phase out fossil fuel-powered boilers by 2040

The European Parliament and European Council yesterday provisionally agreed to phase out fossil-fuel boilers in the next two decades, among a raft of other infrastructure recommendations aiming to boost infrastructure energy efficiency. Europe’s peak body for heat pumps, the European Heat Pump Association (EHPA), welcomes the news.

US solar industry back on roller coaster through 2026

The Solar Energy Industries Association (SEIA) and Wood Mackenzie predict that 33 GW of solar will likely be added in the United States in 2023. Despite economic challenges in the near future, solar is expected to be the largest source of generating capacity by 2050.