Solar will dominate the power generation alongside wind in the coming decades as electrification rapidly escalates, but the energy transition is occurring “nowhere near fast enough” to deliver change compliant with the Paris Agreement.
PV inverter manufacturer Ginlong Solis has set new quarterly and half-year revenue figures as the company continues to expand its global footprint and string inverter product portfolio.
Major PV inverter manufacturer Sungrow has reported a significant recovery in revenue and profitability in the second quarter of 2020, after financial figures suffered in the first quarter, due to the impact of COVID-19 on both its PV project and EPC business and demand for PV inverters in China.
Duke Energy Progress’ Integrated Resource Plan, published earlier this week, details how the US utility could turn to as much as 16GW of solar to meet surging any demand and replace retiring coal fleets.
A round-up of the latest news from the US, where DTE Energy plans a major solar expansion, Duke publishes its latest IRP and EDP Renováveis divests a majority stake in 563MW of renewable projects.
Enel Green Power has completed the 245MW second phase of the Roadrunner solar plant, which now increased its capacity to 497MW to become the largest PV facility in Texas.
US wholesale electricity supplier NextEra Energy Resources has said 700MW of contracted battery energy storage resources it will deploy California within two years could be followed by a further 2,000MW pipeline of battery projects under development in the state.
Mainstream Renewable Power has reached financial close for the second phase of its 1.3GW Andes Renovables wind and solar power generation platform in Chile.
Driven by declining module costs, solar was by far the world’s leading power-generating technology installed in 2019, making up 45% of new capacity, according to BloombergNEF.
