The US renewables industry must double down on efforts to overcome energy storage financing issues so the technology can help supplement the country’s PV ramp up, it was suggested at a Solar & Storage Finance USA event.
The importance of the extension of the federal Investment Tax Credit (ITC), the removal of import tariffs and increased federal procurement were front and centre in the Solar Energies Industries Association’s (SEIA) wish list for the incoming Biden-Harris administration.
‘Solar Module Super League’ (SMSL) member Trina Solar has officially rebranded its single axis tracker business and latest product suite to simplify and reinforce the Trina global brand, after acquiring the remaining 49% stake in Spanish tracking solution provider, Nclave earlier this year.
The exemption for bifacial solar panels from Section 201 tariffs in the US has finally been repealed, meaning bifacial panels imported into the US are now subject to tariffs of 20%.
US policymakers should explore the possibility of scrapping the investment tax credit (ITC) for solar PV and instead offer fiscal support for battery storage systems, an energy finance executive has said.
Trina Solar and Tongwei have unveiled a multi-billion-dollar collaboration which will see the two companies invest in and co-develop multi-gigawatt solar supply facilities.
French solar developers, financiers and utilities have said government plans to cut subsidies for PV project owners would lead to an “economic catastrophe” that could threaten the country’s energy transition.
While the ongoing COVID-19 pandemic may have initiated something of a freeze on new solar financing deals in the US, significant interest in M&A remains and the incoming Biden administration could ease the logjam.
Solar perovskite start-up Evolar has sourced investment from Norwegian renewables investor Magnora as it targets rapid commercialisation of the technology.
The Australian state of Victoria has doubled down on its rooftop solar and home battery subsidy programme as part of a drive to help households cover the cost of their power bills while making properties more energy efficient.
