Policy

The US Treasury and IRS have released their final rules for the implementation of the Section 48 Investment Tax Credit (ITC).

Solar will form the cornerstone of Indonesia’s renewable power sector, according to forecasts made by think tank Ember Climate.

PV Talk: With most US clean energy projects located in Republican states, and their economic benefits flowing to the constituents of such states, Carl Fleming, partner at law firm McDermott Will & Emery, says the IRA tax credits for renewables should stay in place despite next year's regime change.

The contracts are spread across 23 large-scale renewables projects, 19 of which are solar PV projects with a combined 1.5GW capacity.

The US added 8.6GW of new solar capacity in the third quarter of this year and began solar cell manufacturing for the first time since 2019.

The Australian Energy Market Operator (AEMO) has said that the National Electricity Market (NEM) must introduce a new ‘emergency backstop’ mechanism to manage the impact rooftop solar PV can have on grid stability.

In total, 540 projects were awarded capacity in a tender that ended up oversubscribed with more than 1.7GW capacity tendered and 643 bids.

The DOC issued a list of companies on Friday (29th November) that it says are exporting solar cells to the US at prices below production costs, a practice known as “price dumping”.

PV Talk: Despite the gloomy headlines emanating from the recent COP29 climate negotiations, Global Solar Council CEO Sonia Dunlop tells Tom Kenning how for solar PV the picture was brighter, with progress made on grids, storage and the cost of capital.

SPE said the inverter industry “faces difficulties due to global manufacturing overcapacity and a slowdown in the rooftop PV segment in several important European markets.”