Agora Energiewende says Europe needs €30 billion ($32.2 billion) by 2027 to rebuild its PV industry. It calls for up to €30 billion until 2027 and up to €94.5 billion from 2028 to 2034 to revive the European solar sector.

Ongoing innovation in PV cell technology will have major impacts as solar is deployed at a “multi-terawatt scale” over the next two decades, according to a global team of scientists.

While the future looks bright, the US market continues to battle various challenges that analysts believe are stagnating pipeline growth.

UK has awarded a total of 3.7 GW new renewable energy capacity for AR5 auction round.

Global investment and management platform Qualitas Energy has raised €280 million ($300 million) as refinancing for its Mula PV Project in Spain’s Murcia.

Italy’s total installed solar PV capacity at the end of June 2023 grew to 27.37 GW with the addition of 2.32 GW deployed in H1/2023.