Seraphim to supply 1GW of PV modules to Resolar for EU solar projects
- Solar module manufacturer Seraphim Energy Group has actually agreed to supply 1GW of PV modules to European energy company Resolar for its EU operations.
The firms authorized a memorandum of understanding (MoU) in very early July, with the modules set to be supplied throughout 2023 and made use of in Luxembourg-based Resolar's European portfolio.
It is being performed under the EU's REPowerEU approach that was instigated in light of Russia's invasion of Ukraine as well as the continent's existing energy crisis. REPowerEU is targeting 400GW of solar PV by 2025 as well as almost 740GW by 2030. PV Tech has discovered what REPowerEU implies for European solar in one of our Insights webinar series, which you can watch completely free right here.
President of Seraphim, Polaris Li, that has spoken with PV Tech Premium about how his company was planning for a 'post-PERC' era of solar PV, claimed European countries were pushing forward energy transition plans which Seraphim was hoping to take advantage of the increased urgency and big market size.
In the first quarter of this year, the EU imported 16.7 GW of PV modules from China, up 145% year-on-year, according to data cited by Seraphim, while release on the continent is anticipated to get to a record 39GW this year.
It is uncertain what modules Seraphim will certainly be supplying to Resolar for its European projects but at the start of the year the company launched its S5 series of high-efficiency PV modules with a maximum power output of approximately 670W and an effectiveness of 21.57%.
Since then, it has additionally released its S3 and also S4 series lightweight dual-glass PV modules, in order to fulfill increasing need for dispersed roof PV products.