News

The US Treasury Department yesterday released guidance on the bonuses included in the Inflation Reduction Act (IRA) for historically fossil-fuel producing ‘energy communities’.

Located in the Sonora state of Mexico, the Puerto Penasco Solar Park is the Mexican government's flagship project.

PV module prices are set to fall considerably in the next five years, though US market prices will remain higher than the rest of the world as its import policies and ongoing competition with China add a market premium.

The PPA can provide secured long-term visibility of cash flows to the company, according to NextEnergy Solar Fund.

Portuguese utility EDP Renewables has inked a 1.8GW supply deal with US PV module manufacturer First Solar to power its US projects through 2028.

The plan also outlined some transmission projects to integrate the generation and storage resources, with the estimated cost of up to US$2.3 billion.

Indiana Michigan Power (I&M) – a state subsidiary of American Electric Power – has signed two agreements with EDF Renewables North America relating to 554MWdc worth of solar PV projects in Indiana.

The Bulgarian Ministry of Energy and the European Bank for Reconstruction and Development (EBRD) have signed two agreements for the development of renewables in the country.

2GW worth of solar PV modules were detained at the US border throughout 2022 as a result of the Uyghur Forced Labor Prevention Act (UFLPA), representing 1,423 individual shipments.

Panellists during last month’s Large Scale Solar Europe event, hosted by PV Tech publisher Solar Media in Lisbon, discussed the issue of grid modernisation in Europe and how it affects the growth of solar PV across several European Union members.