Policy

Investment in the global energy transition totaled US$1.1 trillion in 2022 according to analyst firm BloombergNEF, reaching parity with investment in fossil fuels for the first time ever.

Lawmakers from both sides of the US House of Representatives have issued a resolution to repeal President Joe Biden’s waiver on solar import tariffs from Southeast Asia.

The US and Europe saw relatively modest increases in the average prices of solar power purchase agreements (PPA) in Q4 2022; 4% and 3% respectively.

Germany has launched a new tender which seeks to add 1.95GW of utility-scale solar PV capacity on arable land and grassland in disadvantaged areas.

European trade body SolarPower Europe has launched a Solar Best Practices Platform aimed to award quality badges to PV project developers.

Fast solar project completion times mean the Baltics are becoming increasingly attractive to developers compared with other European markets.

The South African government has reduced the designated local content requirement for solar modules – the portion of a module’s components that must be produced locally – from 100% to 30% as part of a swathe of actions designed to tackle load shedding and power outages in the country.

Spain has deployed 2.5GW of self-consumption in 2022, almost half of its total installed capacity, according to data from the Spanish trade association UNEF.

Indian solar module manufacturing capacity is forecast to reach around 95GW – up from 39GW at the end of September 2022 – according to research from analyst and consultancy Mercom India Research.