US utility-scale solar installations in Q2 2022 were down 53% year-on-year as policy headwinds and trade issues impacted development and increased the backlog of delayed projects, a new report has revealed.
Large-scale solar deployment in Australia jumped 38% year-on-year in 2021 as its three largest PV plants were commissioned, but financial commitments for new renewables projects in the country fell, according to a new report.
The levelised cost of electricity (LCOE) generated from solar power could fall by as much as 55% globally by 2030 as technology and production costs decline, new research from energy major bp has revealed.
US solar deployment reached a record high in 2021, but with volatile commodity prices and supply chain uncertainty leading to project delays and cancellations, utility-scale additions are set to contract this year.
US utility-scale solar deployment is set to reach a record 22GW this year, with the technology accounting for almost half of the new generating capacity due to be added to the power grid from 2022 to 2023.