Europe Solar Photovoltaic (PV) News

Recent industry report about Europe Solar Photovoltaic (PV) company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Europe Solar Photovoltaic (PV) Market industry experts.

Europe Solar Photovoltaic (PV) News

  • March 2024, EDP Renováveis, the fourth-largest renewable energy producer globally, initiated operations at a 202-megawatt (MW) solar energy park in central Portugal, marking its largest installation in Europe. This venture is overseen by its parent company, EDP. Named the Cerca project and situated in the municipalities of Alenquer and Azambuja, north of Lisbon, it features over 310,000 solar panels. With an anticipated annual output of 330 gigawatt-hours (GWh), the facility can power approximately 100,000 households, equivalent to around 1% of Portugal's population.
  • September 2023: the United Kingdom government announced the results of its latest renewable energy auction. Around 56 solar projects with a total capacity of 1,927.68 MW secured 15-year CfDs at a final price of USD 57/MW.
  • February 2023: A German renewable energy project developed by RWE and Greek state-owned utility PPC announced that it reached an agreement to establish a 450 MW solar photovoltaic project in Greece through a joint venture company, Meton Energy. Construction will begin soon and is expected to come online by the end of 2024. Meton Energy has also signed a 10-year bilateral power purchase agreement (PPA) with PPC post-project completion.
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  • March 2024, EDP Renováveis, the fourth-largest renewable energy producer globally, initiated operations at a 202-megawatt (MW) solar energy park in central Portugal, marking its largest installation in Europe. This venture is overseen by its parent company, EDP. Named the Cerca project and situated in the municipalities of Alenquer and Azambuja, north of Lisbon, it features over 310,000 solar panels. With an anticipated annual output of 330 gigawatt-hours (GWh), the facility can power approximately 100,000 households, equivalent to around 1% of Portugal's population.
  • September 2023: the United Kingdom government announced the results of its latest renewable energy auction. Around 56 solar projects with a total capacity of 1,927.68 MW secured 15-year CfDs at a final price of USD 57/MW.
  • February 2023: A German renewable energy project developed by RWE and Greek state-owned utility PPC announced that it reached an agreement to establish a 450 MW solar photovoltaic project in Greece through a joint venture company, Meton Energy. Construction will begin soon and is expected to come online by the end of 2024. Meton Energy has also signed a 10-year bilateral power purchase agreement (PPA) with PPC post-project completion.

• In February 2024, the US Department of Energy’s (DOE’s) National Renewable Energy Laboratory requested support through the Competitiveness Improvement Project (CIP) for the commercialization and market expansion of small and medium wind turbine technology.

• In April 2022, BRAUN Windturbinen GmbH, a German small wind turbine manufacturer, supplied Umstro with a small wind turbine with a 4.5 kW capacity installed on a 7.0 m tilt mast, making it a procedure-free project in Northrhine-Westphalia, Germany.

  • June 2022: Oil Engines Ltd (KOEL) launched a new iGreen genset. The iGreen version 2.0 is powered by the R550 series of engines and offers good fuel efficiency and high power quality.
  • December 2021: Government E-Marketplace (GEM) floated a tender for the installation project of diesel generator sets at the head office of the Ministry of Commerce & Industry in New Delhi, India. The tender requires the supply of at least five DG sets for the backup power supply.

In February 2022, a consortium formed by the Spanish companies Técnicas Reunidas and TSK was awarded a contract by Comisión Federal de Electricidad (CFE) of Mexico for the design and execution of Valladolid and Mérida combined cycle plants. These plants are expected to have an approximate capacity of 1,000 MW and 500 MW, respectively.

In April 2022, Malaysia's largest gas-based power plant Edra Energy's 2.2 GW combined cycle power plant, commenced operations in Alor Gajah, Malacca, Malaysia. The new plant consists of three generating blocks capable of generating over 745 MW per block, each including a GE 9HA.02 gas turbine, an STF-D650 steam turbine, a W88 generator, and a Heat Recovery Steam Generator (HRSG).

  • March 2022: The ZEBRA (Zero Waste Blade Research) consortium is a new step in the wind energy industry's transition to a circular economy with the production of its 100% recyclable wind turbine prototype blade. The 62-meter blade was made using Arkema's Elium resin, a thermoplastic resin well known for its recyclable properties, and the new high-performance Glass Fabrics from Owens Corning.
  • March 2022: Hitachi Power Solutions will commence advanced services titled - Blade Total Service. It is expected to mitigate the risks of wind power facilities, including deterioration due to wear and tear of rotating blades, the stress imposed by violent winds during typhoons, and damage caused by lightning - by combining AI and other digital technologies with cutting-edge drone technology.
  • January 2024: Suzlon Group made a new 225 MW wind energy order from Everrenew Energy. As per the order, the company will install 75 wind turbine generators with a Hybrid Lattice Tubular tower and a rated capacity of 3 MW each at Everrenew Energy's sites at Vengaimandalam, Trichy district, and Ottapidaram, Tuticorin district in Tamil Nadu.
  • November 2023: GE Vernova agreed with O2 Power Private Limited to supply, install, and commission 36 units of its workhorse 2.7-132 onshore wind turbines for the 97 MW wind power projects in Maharashtra, India.
  • January 2023: Braun Windturbinen GmbH, a wind turbine manufacturer in Germany, announced the installation of 7.5 KW of small wind turbines. The system operates three parallel to the grid with the Smart Wind SW7.5 and as a backup heating system with a 6.0 kW heating rod. When 2.5 kW is reached in grid-parallel operation, the heating rod is automatically switched on according to the turbine characteristic curve. The monitoring of the domestic hot water temperature is adjustable and installed at the small wind turbine.
  • In February 2023, Volvo Penta expanded its industrial genset product line with a new 200 kVA D8 Stage II engine. The 8-liter power-generating engine provides excellent fuel efficiency, a compact size, and low noise levels.
  • In October 2022, Himoinsa, a provider of power technology solutions, showcased its whole Mobile Power product line at Bauma 2022 in Munich, including battery power storage systems, light towers, and gas and diesel generator sets with Stage V engines. The company launched the EHR | Battery Power Generator (60 kWh) and works on 500 kWh and 1 MW units in 20-foot containers and 2 MW units in 40-foot containers.
  • May 2023: Suzlon, a developer of renewable energy solutions, has received a 69 MW wind energy order from the Indian division of a renowned Nordic Energy Company. Suzlon will deploy 23 wind turbine generators (WTGs) with 3 MW rated capacity and a Hybrid Lattice Tubular (HLT) tower.
  • October 2022: Suzlon Group secured new order to develop 144.9 MW wind power projects located at Gujarat and Madhya Pradesh sites for the Aditya Birla Group. As a part of the contract, the company will install around 69 units of wind turbine generators (Wind Turbines) with a Hybrid Lattice Tubular (HLT) tower with a rated capacity of 2.1 MW each. It is expected to commence operations by the end of 2023.
  • January 2022: The Blue Circle and its partner CleanTech Global Renewables Inc. signed a contract to construct an offshore wind project in the Philippines with a capacity of 1.2 GW located in Bulalacao, Oriental Mindoro. The wind farm will feature 100 turbines with a unit capacity of 12 MW.
  • April 2023: ArcelorMittal announced that the company's Brazilian entity, ArcelorMittal Brazil, formed a joint venture with the Brazilian renewable energy company Casa dos Ventos to develop the 554 MW Babilonia wind power project. The project is expected to be developed at a cost of USD 800 million and will be located in the central region of Bahia, northeast Brazil. ArcelorMittal is anticipated to hold a 55% share in the joint venture, and the remaining share will be held by Casa dos Ventos.
  • January 2023: Cepsa announced that it would build three new solar power projects in Castilla-La Mancha, Spain. The total capacity of the three solar energy farms is expected to be 400 MW. The projects are expected to be developed with an investment of USD 305 million in the towns of Campo de Criptana and Arenales de San Gregorio.
  • May 2022: NJR Clean Energy Ventures (CEV) started construction on an 8.9-MW floating solar installation in Millburn, New Jersey, which is expected to be the largest floating array in the United States. The project uses a floating racking system, and 16,510 solar panels are expected to be installed on a reservoir located at the New Jersey American Water Canoe Brook Water Treatment Plant. The clean power generated by the array is anticipated to provide approximately 95% of the facility's annual power needs through a power purchase agreement with CEV.
  • February 2024: Norwegian renewable energy developer Scatec started commercial operation of 150 megawatt solar PV plants in Pakistan. The solar power projects boast an annual generation capacity of 300 gigawatt hours. Scatec also signed a 25-year power purchase agreement with the Central Power Purchasing Agency of Pakistan.
  • October 2023: The Pakistan Water and Power Development Authority of Pakistan (WAPDA) announced issuing a tender notice inviting proposals for the installation, design, commissioning, and testing of a substantial 300 megawatt Floating Solar PV Plant. The project is to be located within the Tarbela - Barotha Hydropower Complex in Pakistan.

Europe PV Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)