Americas

A combination of supply chain disruptions and extreme weather events that damage operational assets can lead to extended solar project downtimes. Rosa van Reyk, a senior underwriter at GCube Insurance, explores how the industry can ease supply chain pressure by rethinking cost efficiency and increased collaboration between developers and insurers.

US residential solar installer Sunnova has secured a conditional commitment from the US Department of Energy which will offer up to US$3 billion in a partial loan guarantee.

Argentinian state-owned utility YPF Luz has commissioned a 100MW solar PV plant in the western province of San Juan, in Argentina.

The cumulative capacity of installed and commissioned PV increased by more than 25% last year, and reached about 1.2TW by the end of 2022.

Lightsource bp has begun construction of the first utility-scale solar PV project in Trinidad & Tobago, a 148MWp project owned by oil subsidiaries bp Alternative Energy Trinidad and Tobago and Shell Renewables Caribbean.

The legislation seeking to repeal Joe Biden’s two-year waiver on solar import tariffs will go to a vote in the House of Representatives next week.

Testing and certifications company UL Solutions has published a new set of cyber security certification requirements for solar, wind and storage assets connected to the distribution grid, as well as other inverter-based resources (IBR).

Ascent Solar can use the new European presence to provide in-region support for EU driven net zero initiatives after the acquisition.

Innovative power purchase agreement structures enable solar asset owners to boost returns and leverage their positions while providing offtakers with the opportunity to protect against increasing electricity prices and enhance their decarbonisation efforts.

Globally, 32% of business leaders estimated that their country will fully transition to renewables after 2050, while 8% said it would never happen.