European Commission

The European Commission has informally approved Portugal and Spain’s request to extend the so-called “Iberian exemption” mechanism. The measure, which limits the price of natural gas for electricity production, was originally scheduled to end in May, but it will now run until the end of the year.

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.

With calls for a revival in European PV manufacturing becoming more urgent, the Environmental, Social, and Governance credentials of its PV producers are being touted as a way in which manufacturing can be supported or even protected. The case for the ESG credentials of European manufacturing was advanced by multiple speakers at the 2023 SolarPower Summit this week in Brussels.

The EU’s new state aid rules should lead to more investments in clean tech production. The European Solar Manufacturing Council said the new framework will be the basis of Europe’s future manufacturing ecosystem.

Gerard Reid, co-founder of corporate finance advisory Alexa Capital, considers whether the EU is up to the task of dealing with the twin threats of the energy crisis and the pull of a revitalized US clean power industry.

The European Commission has decided to refer three member states to the Court of Justice of the European Union (CJEU) for failing to turn the EU Renewable Energy Directive into national legislation. The commission is now requesting financial sanctions.

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.

The new EU Batteries Regulation is a blueprint for product legislation, regulating the whole life cycle of batteries in the European Union. Advanced rechargeable and lithium batteries association Recharge says successful implementation of the new regulation requires the prioritization of safety, information reliability, feasibility, market surveillance, and enforcement.

The European Union has set ambitious targets for solar PV expansion but is Brussels designing the right policies to support growth? Andreas Walstad investigates.

If Europe is to come up with its own Inflation Reduction Act moment, and incentivize a return of EU solar manufacturing leadership, it must lift state-aid related restrictions on the PV manufacturers who have announced a willingness to build 30 GW of production lines.