The US renewables industry must double down on efforts to overcome energy storage financing issues so the technology can help supplement the country’s PV ramp up, it was suggested at a Solar & Storage Finance USA event.
US policymakers should explore the possibility of scrapping the investment tax credit (ITC) for solar PV and instead offer fiscal support for battery storage systems, an energy finance executive has said.
A round-up of the latest news from the US PV sector, as BlackRock acquires Distributed Solar Development, Cypress Creek closes US$200m of financing and Vanderbilt University moves towards 100% renewables.
Some 12GW of renewable generation assets and 2GW of energy storage are set to come online in New South Wales (NSW) over the next ten years as part of state government plans to replace an ageing coal fleet and deliver lower electricity prices for consumers.
Interest-free loans for rooftop solar and the development of at least 250MW of large-scale battery storage are among the policies put forward in a new power-sharing agreement for the Australian Capital Territory.
As part of a strategy that includes retiring coal-fired power plants by 2040 and reaching net zero carbon emissions from electricity generation by 2050, utility company Alliant Energy has published its ‘Clean Energy Blueprint for Iowa’.