The top 10 solar markets in the EU accounted for 87 per cent of all deployments in 2022, a 3-percentage point decline from their proportion of 90 per cent in 2021. Between now and then, the share of the top 5 solar markets has decreased, accounting for 65 per cent of the market as opposed to 75 per cent in 2021 and 78 per cent in 2020. This is also demonstrated by the fact that more nations than the previous year have installed solar power.
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Northvolt, a Swedish battery manufacturer, has announced plans to build a gigafactory in northern Germany with a 60 GWh annual manufacturing capacity. The manufacturing unit is expected to come up in Heide, Schleswig-Holstein and this factory will produce lithium-ion batteries for the European market. The manufacturing facility is expected to begin operations in 2025, resulting in the creation of 3,000 jobs in the area.
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The EC has adopted a proposal to revise the European Union (EU) rules on Trans-European Networks for Energy (the TEN-E Regulation). The need for this revision of the TEN-E framework was confirmed by the results of a thorough evaluation and stakeholder input. The move is aimed at supporting the modernisation of the continent’s cross-border energy infrastructure and the European Green Deal.
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