Europe

The president of the European Commission, Ursula von der Leyen, said in the 2023 State of the Union Address this week that European solar manufacturers face stiff competition from heavily subsidized Chinese rivals and noted that the bloc is launching an anti-subsidy investigation into electric vehicles from the country.

The corporate solar solutions provider has raised an additional equity investment of INR 350 crore ($42.3 million) from Norfund after receiving $100 million in 2021. It is also tying up with IFC for INR 560 crore fund to execute projects in India.

C4V, a New York-headquartered lithium-ion cell technology company, has tied up with UAE-based Trot Solutions to develop green ports in India. The alliance has started to discuss with the port operators for its first green port project at Jawaharlal Nehru Port Terminal in India. 

Pexapark says that prices for power purchase agreements (PPA) fell 11% in Europe in May. Germany and Spain were the largest markets for PPAs, with deals totaling 245 MW and 317 MW, respectively.

Germany installed more than 1 GW of new PV systems in June alone. Its cumulative installed PV capacity hit 73.8 GW at the end of the first half of this year.

Tata Group will build a 40 GWh battery factory in the UK to produce batteries for Jaguar Land Rover (JLR) and other EV manufacturers in the UK and Europe. 

European Investment Bank (EIB) Vice-President Kris Peeters will confirm a EUR 1 billion loan for India’s National Green Hydrogen Mission on his four-day business visit to India this week.

The Indian steel giant, along with the UK government, has opened a call for innovative projects in low-carbon hydrogen to decarbonize the industrial sector. Two selected projects will be awarded £80,000 (INR 83 lakh) and provided priority access to Tata Steel’s integrated steel plant.

Africa50 and International Solar Alliance (ISA) will leverage each other’s networks to mobilize funding and raise awareness of African solar projects in European and Indian markets.

Germany-based Solar Kapital has used membranes at three of its PV plants in Greece. It claims that the payback time of the new solution is relatively short.