Only5mins! – Europe may deploy 53 GW of solar this year
pv magazine speaks to Raffaele Rossi, head of market intelligence for SolarPower Europe, about the solar outlook in 2023. He says the European solar market may grow by around 29% compared to 2022.
European PPA prices increased by 7.4% in November
European prices for power purchase agreements rose in several countries in November, with the Polish index recording an increase of 19.4%. Portugal registered an increase of 15.5%, followed by Spain at 15.7%. Germany was the only country that recorded a monthly decline, with prices falling by 0.8%.
New solar capacity 10 times cheaper than gas, says Rystad
Operating gas-fired power plants would be 10 times more expensive in the long-term than building new solar capacity in Europe, according to research from intelligence company Rystad. Their study uses the levelized cost of energy (LCOE) for gas and coal-fired power generation at different price levels and compares it to the LCOE of solar PV and wind.
European Parliament approves 45% renewables target
A large majority of MEPs support the European Commission’s target of 45% renewables in the energy mix by 2030. Member states are all expected to develop several cross-border renewable projects.
Hanwha Group reorganizes downstream solar business in Europe, expands into wind
The Korean group is currently developing a 9.2 GW PV plant portfolio in Europe and its new holding company — Q Energy Solutions SE — will unify all operations across France, Germany, and the Iberian Peninsula under the same umbrella.
War in Ukraine pushes solar PPA prices in Europe up to €0.038-€0.074/kWh
Renewables-linked PPA prices have shot up nearly 30% in a year, especially due to the war in Ukraine, according to the latest Levelten Energy report.
EU adopts directive allowing reduced VAT on several goods, including solar panels
The Directive No. 2022/542 was published in the Official Journal of the European Union on April 5. According to the new provisions, member states will be free to apply a VAT rate of 0% to 5%.
IEA outlines plan to rapidly reduce dominant role of Russia in Europe’s energy markets
The International Energy Agency today published a 10-point plan for Europe to reduce its reliance on natural gas imported from Russia. The plan would see Russian gas imports to EU member states reduced by one third within a year, and notes that further reductions within this timeframe would come with significant tradeoffs, likely to impact both energy prices and Europe’s Green Deal. The plan was presented by Fatih Birol, executive director of the IEA, in a virtual press conference held earlier today.
Green hydrogen, blue hydrogen to reach cost parity in Europe by 2030
The direct coupling of electrolyzers with PV and wind power systems will become the cheapest forms of energy in many parts of Europe, according to Aurora Energy Research.
Hanwha Q Cells begins selling its solar panels based on M6 wafers in Europe
The Q Peak Duo XL-G10 panel series is based on monocrystalline ‘Qantum’ half cells and is the company’s first panel relying on M6 wafers.
