Financial institutions have moved too slowly in increasing financing for renewables to help meet global 2050 commitments on net zero, said US environmental organisation Sierra Club.
A 500kV, 125-mile transmission line between California and Arizona broke ground last week, promising to bring over 3GW of renewable energy capacity to the US Desert Southwest region.
The Inflation Reduction Act (IRA) is set to boost investment into US renewable energy deployment and manufacturing from US$64 billion in 2022 to US$114 billion by 2031, according to research from Wood Mackenzie, though a mismatch between solar deployment demand and domestic manufacturing capacity may see the sector’s domestic profile lag behind.
A state-owned solar-plus-storage project being developed in Mexico firmly establishes the shift in government thinking on energy storage, a local battery storage firm told sister site Energy-Storage.news.
Inverter manufacturer Sungrow has signed a 500MW distribution partnership with Brazilian supplier SOL+ Distribuidora to supply its inverters in the Brazilian market.
Duke Energy Sustainable Solutions has acquired a new solar power plant in Colorado, providing 175MW of electricity to a utility company's customers in the same state.
PV has outpaced wind as the preferred choice for corporate buyers in the US, with utility-scale solar accounting for 58% of the total contracted clean power to date, according to trade body the American Clean Power Association (ACP).
PV Tech Premium spoke with Chris Hopper, co-founder and CEO at Aurora Solar about the advantages of using AI-powered software to streamline the process of installing solar panels.
Nearly two-thirds of US generating capacity additions in the next three years will be fulfilled by solar, with the technology’s share of power generation in the country set to almost double, according to a report from the Federal Energy Regulatory Commission (FERC).
