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Luxembourg

European joint venture to produce solar panels in Luxembourg

Luxembourg’s Socom and Belgium’s Evocells have announced plans to merge. The new company, Solarcells, will open a 50 MW solar panel factory in Luxembourg by the end of this year, with plans to potentially double its annual output by 2026.

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Luxembourg launches 40 MW solar tender

The exercise will be open to PV projects ranging in size from 200 kW to 5 MW.

€1 billion in green bonds issued at Luxembourg Stock Exchange

China Construction Bank Corporation (CCB) and the European Investment Bank (EIB) have each listed a €500 million bond. The bond issuance of the Chinese company was made on the newly created Luxembourg Green Exchange, a platform exclusively dedicated to sustainable finance.

Luxembourg launches tender for solar over 500 kW

The government of Luxembourg has also adopted a new draft legislation aimed at regulating self-consumption and promoting the active role of prosumers.

Luxembourg launches new incentive scheme for residential and commercial PV

The incentive scheme includes a FIT mechanism and rebates covering up to 20% of the investment for the deployment of a PV installation. The progam is open to PV installations with a capacity of up to 200kW.

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Luxembourg bets on solar: additional 2.4 GW planned by 2050

The new energy strategy of the Grand Duchy of Luxembourg aims to increase the share of renewables in its energy mix from around 6% currently to 70% by 2050. About 4.8 GW of new renewable energy power generation capacity is expected to be installed in order to reach this target, and to reduce dependence from power imports.

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