Policy

The US Treasury has finalised its rules for the 45X Advanced Manufacturing Production Tax Credit under the Inflation Reduction Act.

Kane Thornton, CEO of the Clean Energy Council, launched All Energy Australia 2024 in Melbourne this morning (23 October), highlighting that the energy transition is a “once-in-a-lifetime opportunity”.

In its final ruling, domestic manufacturing of solar ingots and wafers have been included with a 25% tax credit under Section 48D of the Advanced Manufacturing Investment Credit rules.

2023 was a 'record year' for solar installations, dominated by China which is 'well above the sum of all other markets globally', the IEA said.

Hounen Solar and Solar Long PV-Tech have said they do not have the resources to continue participating in the investigation.

Renewable energy developer SunCable has today (22 October) received conditional approval from the Singaporean government’s Energy Market Authority (EMA) to import renewable energy generated from solar PV via the Australia-Asia PowerLink (AAPowerLink) interconnector.

The investments will protect the grid from the increasing threat of extreme weather and expand grid capacity as demand grows, the DOE said.

Two Kentucky electricity utilities will stall any solar PV capacity additions until 2035 unless solar "becomes more economically competitive".

Australia’s energy minister Chris Bowen revealed today (21 October) that the federal government is seeking 10GW of capacity from energy storage, wind, and solar PV in the next Capital Investment Scheme (CIS) tender round.

At the end of September, total global corporate funding for the sector stood at US$22.3 billion, down from US$28.9 billion at the same point in 2023.