SolarEdge stock jumps as the company announces more layoffs
SolarEdge Technologies plans to lay off 400 employees globally, its fourth job-cut announcement in the past year. Recent safe harbor agreements and 45X credit sales may help the company on its path to recovery.
Most European nations lack VAT incentives for heat pump adoption
The European Heat Pump Association (EHPA) says there are no value-added tax (VAT) advantages for heat pump installations in terms of upfront costs in most European countries. It is calling for EU member states to use available fiscal tools to make installations more financially viable.
EBRD to finance solar-thermal power plant in Serbia
The European Bank for Reconstruction and Development (EBRD) is investing up to €105 million ($109.5 million) in a large-scale solar-thermal plant in Novi Sad, Serbia. The project is expected to reduce the district heating agency’s natural gas consumption by around 29%.
Tunisia tenders 498 MW of solar projects
Tunisia’s Ministry of Industry, Mines and Energy has approved four solar projects in the first phase of a 1.7 GW solar tender. The lowest price awarded was TND 98.8 ($0.03113)/kWh.
DRI, OMV Petrom sign Romania’s largest PV power deal
DRI has signed Romania’s largest-ever power purchase agreement (PPA) with OMV Petrom, covering three solar projects and 100 GWh of annual generation.
The Hydrogen Stream: BNEF forecasts sharper green H2 price drop by 2050
BloombergNEF says green hydrogen will fall from a current range of $3.74/kg to $11.70/kg to between $1.60/kg and $5.09/kg by 2050, while Longi Hydrogen has secured a conditional $6.14 million equity investment and cooperation agreement with HydrogenPro.
Sonnedix secures €3.25 billion in refinancing for renewables portfolio
Sonnedix has secured €3.25 billion ($3.38 billion) through two refinancing transactions. The renewable energy producer says the transactions will be instrumental in accelerating the growth of its pipeline across Europe.
Solar applications to Dutch subsidy scheme drop by more than half
A Dutch subsidy scheme for renewable energy saw solar applications fall to 501 this year from 1,130 in 2023, as grid congestion and negative electricity prices reduced investment appeal.
Solar advances across MENA region
The fossil fuel rich Middle East and North Africa (MENA) region faces mounting pressure to diversify its energy mix. While solar is cheap, it faces significant sociopolitical and economic challenges.
ESMC publishes recommendations for restoring Europe’s solar industry
The European Solar Manufacturing Council’s (ESMC) working group has issued a recommendation paper praising the Net-Zero Industry Act (NZIA), but says clearer and stronger support is needed for European solar production.
