Photo voltaic module producer Seraphim Vitality Group has agreed to produce 1GW of PV modules to European vitality firm Resolar for its EU operations.
The businesses signed a memorandum of understanding (MoU) in early July, with the modules set to be supplied over the course of 2023 and utilized in Luxembourg-based Resolar’s European portfolio.
It’s being carried out below the EU’s REPowerEU technique that was instigated in mild of Russia’s invasion of Ukraine and the continent’s present vitality disaster. REPowerEU is concentrating on 400GW of photo voltaic PV by 2025 and virtually 740GW by 2030. PV Tech has explored what REPowerEU means for European photo voltaic in certainly one of our Insights webinar collection, which you’ll view totally free right here.
President of Seraphim, Polaris Li, who has spoken with PV Tech Premium about how his firm was planning for a ‘post-PERC’ period of photo voltaic PV, stated European nations had been pushing ahead vitality transition plans and that Seraphim hoped to reap the benefits of the elevated urgency and enormous market measurement.
Within the first quarter of this 12 months, the EU imported 16.7GW of PV modules from China, up 145% year-on-year, in line with knowledge cited by Seraphim, whereas deployment on the continent is anticipated to succeed in a report 39GW this 12 months.
It’s unclear what modules Seraphim shall be supplying to Resolar for its European initiatives however initially of the 12 months the corporate launched its S5 collection of high-efficiency PV modules with a most energy output of as much as 670W and an effectivity of 21.57%.
Since then, it has additionally launched its S3 and S4 collection light-weight dual-glass PV modules, as a way to meet growing demand for distributed rooftop PV merchandise.
