Major US renewables investor Capital Dynamics has spun off its US clean energy infrastructure arm and merged it with its former asset management affiliate to create Arevon Energy, a new multi-gigawatt solar and energy storage platform.
Liam Stoker recaps recent policy moves in the US and explores the difficult balancing act President Biden must now face between stimulating domestic solar manufacturing in the US and supporting solar deployment.
The US’ transition to a carbon pollution-free power sector could see solar provide more than 40% of the country’s electricity by 2035, up from the current 3% level, according to a memo from the Department of Energy (DOE).
Reports have emerged alleging that US officials have begun detaining solar module shipments suspected of infringing the withhold and release order (WRO) implemented in June.
Petitions have been filed in the US requesting the launch of investigations into several solar manufacturers accused of circumventing antidumping and countervailing duties by using entities based in Southeast Asia.
The number of jobs across the global solar PV sector could increase almost tenfold in the next 30 years if the world transitions to derive 100% of its energy from renewables by 2050, new research has suggested.