[SMM PV News] CHN Energy Commissions 4 GW Lingwu PV Base on Subsidence Land

Greece expects to curtail up to 3.7 TWh of renewable energy in 2026, a 75% increase from 2025, pushing curtailment rates to 12% of total green generation. Last year's grid congestion and negative prices already caused ~20% revenue losses for PV producers. While pairing solar with battery storage is the clear solution, domestic banks are currently refusing to finance these projects due to a lack of reference sites. Despite 900 MW of subsidized storage not yet operational, investors are now targeting a 4.7 GW pipeline of 'merchant-style' standalone batteries. However, flat domestic demand and unresolved regulatory frameworks continue to pose risks.

The Iraqi Customs Authority slashed tariffs on solar systems—including PV panels, inverters, cables, and lithium batteries—from 33% to 5%. This move aligns with the Central Bank's recent IQD 6 billion ($4.6 million) loan initiative to boost clean energy uptake. Despite high solar irradiance, Iraq's cumulative capacity was just 42 MW at the end of 2024, a lag officials attribute to 'weak awareness'. However, progress is expected through upcoming utility-scale developments, including the 300 MW Karbala plant and TotalEnergies' planned 1 GW project.

The EU is proposing the 'Industrial Accelerator Act' to counter foreign competition, particularly from China. To access public funds, strategic sectors (green tech, EVs, steel) must meet minimum local content thresholds, such as 70% EU-made components for EVs. Additionally, foreign investments over €100 million in emerging sectors (like batteries) from dominant countries holding over 40% of global capacity will face strict conditions: at least 50% EU staff, maximum 49% ownership, and mandatory tech transfer. France strongly backs the move, while Germany favors a more inclusive 'Made with Europe' approach.