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.
Sunrun will aggregate home solar-plus-storage systems into a virtual power plant (VPP) capable of providing 5MW of grid support, with California utility Southern California Edison (SCE).
The importance of the extension of the federal Investment Tax Credit (ITC), the removal of import tariffs and increased federal procurement were front and centre in the Solar Energies Industries Association’s (SEIA) wish list for the incoming Biden-Harris administration.
‘Solar Module Super League’ (SMSL) member Trina Solar has officially rebranded its single axis tracker business and latest product suite to simplify and reinforce the Trina global brand, after acquiring the remaining 49% stake in Spanish tracking solution provider, Nclave earlier this year.
The exemption for bifacial solar panels from Section 201 tariffs in the US has finally been repealed, meaning bifacial panels imported into the US are now subject to tariffs of 20%.
Google and Honda will be among the offtakers of a 1,310MW PV project to be constructed by Invenergy that is set to be the largest solar generation facility in the US when complete.
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.
While the ongoing COVID-19 pandemic may have initiated something of a freeze on new solar financing deals in the US, significant interest in M&A remains and the incoming Biden administration could ease the logjam.
AES Corporation is to merge its US-facing clean energy development business with independent power producer sPower, creating a platform with a 12GW project pipeline in the country.
