Duke Energy Progress’ Integrated Resource Plan, published earlier this week, details how the US utility could turn to as much as 16GW of solar to meet surging any demand and replace retiring coal fleets.
Major polysilicon and solar wafer producer GCL-Poly has reported a total loss for the first half of 2020 of US$281.8 million, due to a reduction of more than 50% in polysilicon production and record low ASPs (Average Selling Prices) on weak demand.
Leading monocrystalline wafer producer and ‘Solar Module Super League’ (SMSL) member, LONGi Green Energy has defied the downward pricing pressure on its core wafer business and weak global demand, driven by the impact of COVID-19 on the solar industry supply chain to report record revenue, profit, and module shipments in the first half of 2020.
‘Solar Module Super League’ (SMSL) member Trina Solar has reported its first financial results since delisting from the New York Stock Exchange (NYSE) almost four years ago, starting with record first half year PV module shipments of 5,840MW, a 37% increase of the prior year period.
Investment firm The Carlyle Group has acquired a 100MW-strong portfolio of solar assets under development in the state of Maine, the largest portfolio under construction in the state.
PV project developer and operator ReneSola Power is doubling down on efforts to expand its business in the US and Europe, targeting a total project pipeline of 1GW by the end of 2020.
Italian oil major Eni has bolstered its exposure to clean energy in the US after its Falck Renewables-led joint venture acquired project developer Building Energy US.
Two more utility-scale solar projects in Texas with a combined capacity of more than 400MWdc have closed financing, continuing the Lone Star state’s booming solar run.
The US federal government must use every tool available, and do so at an unprecedented scale, if it is to sufficiently tackle the climate crisis and stimulate a clean economy.
