Although the floating solar market is expanding, the top 10 countries that will have more than 500MW of cumulative floating solar installations by 2031 are entirely from Asia.
US utility Avangrid – a subsidiary of energy multinational Iberdrola – will build its first solar PV project in California, building on the back of an existing wind farm fleet of over 500MW in the state.
Q2 2023 was one of the lowest periods for financial commitments to future renewable energy generation projects in Australia since 2017, according to trade body the Clean Energy Council (CEC).
Continuing a downward trend of capacity additions, India has added 1.7GW of solar capacity in the second quarter of 2023, according to consultancy Mercom India Research.
Iberdrola's US subsidiary, Avangrid, has begun construction on its 240MW True North solar PV plant in Falls County, Texas. The project has a power purchase agreement in place with social media and data giant Meta.
US renewable energy developer Greenvolt Power Actualize has signed three power purchase agreements (PPAs) with a total capacity of 97MWdc with a major US utility.
