SolarPower Europe

As solar module prices continue to drop to record lows, amid global oversupply, questions are being asked about how much inventory is sitting in European warehouses and when normal levels will return. With numerous estimates and assumptions swirling, EUPD Research’s Markus A.W. Hoehner and Ali Arfa have looked closely at the numbers in an attempt to provide a transparent view of the issue.

Practical matters, beyond simply improving on solar cell efficiency, have led the agenda at the European Photovoltaic Solar Energy Conference (EUPVSEC) going on this week in Lisbon. Policy and the geopolitics of solar manufacturing is the big question on everybody’s lips as the event passes its halfway point today. Concerns including grid integration, critical materials consumption, and public acceptance are all being aired frequently – illustrating a closer than ever link between work being done in the labs at solar energy institutes and the everyday lives and energy consumption of people in Europe and around the world.

Donations of cash and solar equipment have thrown a lifeline to schools, hospitals, and communities in Ukraine but the country needs much more, including long-term backing for the recovery of its industry, reports Ian Skarytovsky.

As the solar wave sweeps across Europe, creaking grids are emphasizing the continent’s overriding need for energy storage.

The world installed 239 GW of new solar capacity in 2022, according to SolarPower Europe. The rooftop PV segment accounted for 49.5% of additions – the highest share in the past three years. The rooftop sectors in Brazil, Italy, and Spain grew by 193%, 127%, and 105%, respectively.

High interest rates and hefty capex drove up the average payback time for solar in Germany, Spain and Italy to around 20 years in 2022, according to a new report by SolarPower Europe (SPE) and Energy Brainpool. pv magazine recently spoke with SPE Market Analyst Christophe Lits to crunch the numbers.

The European Parliament and the Council have reached a provisional agreement to raise the EU’s binding renewable energy target for 2030 to a minimum of 42.5% of the overall energy mix. The bodies also agreed on a further 2.5% indicative target, which would set Europe on a path to at least 45% renewables within this decade.

Solar industries bodies including SolarPower Europe, Germany’s BSW and Ukraine’s ASEU have joined forces to send a stream of modules, inverters and batteries to embattled Ukraine. The donations are critical as some hospitals have been without power for weeks, leaving surgeons to operate under headlamps.

SolarPower Europe says in a new report that households in Germany, Spain, and Italy can more than triple their savings by pairing PV with heat pumps. It said this combination helped families to save between 62% and 84% on their annual energy bills in 2022.

Last year was another landmark 12 months for energy storage, with all indicators pointing to a massive surge in demand. Supply chain instability and inflation saw battery prices rise but the industry demonstrated an ability to swiftly react to geopolitical developments. We look at five trends driving the market.