Weekly Newsletter

28 August 2023

Weekly Newsletter

28 August 2023

40GW of solar panels gathering dust in European warehouses

If these stored solar panels were deployed, they would displace seven billion cubic metres of fossil gas, according to research from Beyond Fossil Fuels.

Oliver Gordon August 24 2023

Around 40GW of solar panels, the same amount installed across Europe in 2022, are currently gathering dust in European warehouses, with the number likely to grow to 100GW by the end of 2023.   

On the back of unprecedented solar growth, most EU countries are set to hit their solar installation targets ahead of schedule. However, a growing number of solar panels are sitting in storage because of various bottlenecks and barriers along the supply chain, including labour shortages, critical material delays and long interconnection queues. National and local governments, grid operators and utilities need to urgently sort out those problems if the bloc is to end its dependence on Russian gas and improve energy security

If these stored solar panels were deployed, they would displace seven billion cubic metres (bcm) of fossil gas, according to a report from Berlin-based NGO Beyond Fossil Fuels. That is equivalent to 4% of Europe’s pre-war Russian fossil gas import. And by year's end, there will be enough solar in storage to displace 15bcm of fossil gas.

“European countries need to expand training programmes for solar panel installers, address grid bottlenecks and streamline bureaucratic processes to get solar panels out of warehouses and onto the roofs of homes and businesses as fast as possible,” says Tara Connolly, Beyond Fossil Fuels campaigner. “This should be the top priority for governments across Europe trying to cut emissions and get Europe off gas rapidly.”

In 2022, 230 million tonnes of CO2 emissions were saved through solar deployments globally.

Quantum computers could transform oil and gas research

Although quantum computing is still in the R&D stage, its potential use cases in the oil and gas industry are numerous and are likely to expand. Oil majors, such as BP and ExxonMobil have joined IBM’s Q Network to develop quantum computers that will increase the understanding of subsurface geology. Companies are also looking at these computers to study molecular modeling and emission mitigation. Besides, the long-standing problems of matching demand with production and optimizing supply chains could be solved using quantum computing.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close