New York’s State Public Service Commission has approved a new framework for distributed solar in the state that will expand its NY-Sun initiative, which aims to support 10GW of distributed solar by 2030.
Total corporate funding of solar fell by 7% year-on-year to US$7.5 billion in Q1 2022, with Mercom Capital warning of “significant headwinds” that could slow momentum considerably.
A round-up of the latest news from the US solar market, including Bridgelink Power receiving a US$200 million loan to finance its utility-scale solar projects, Vistra’s 50MW Texas plant is online and Castillo Engineering to develop 38.25MW community solar projects in New York.
Virginia Governor Glenn Youngkin signed a bill into law that will create a tax exemption for residential and mixed-use solar energy systems of up to 25kW.
French energy major TotalEnergies and Japanese oil company Eneos have formed a joint venture (JV) to develop 2GW of decentralised solar capacity across Asia over the next five years.
First Solar has signed a master supply agreement to supply 4GWdc of thin-film solar PV modules to independent power producer (IPP) Silicon Ranch with deliveries running from 2023 to 2025.
Technology company Aqua Aerem has entered into a joint development agreement with Japanese energy producer Osaka Gas for its 10GW Desert Bloom Hydrogen project in Northern Australia.
Battery storage manufacturer NGK Insulators has invested in EneCoat Technologies, a spin-out of Kyoto University involved in the development of of perovskite solar cells.
