Installed rooftop solar capacity globally is on track to increase 61% between 2021 and 2025 as policy support encourages deployment and homeowners look to mitigate high electricity prices.
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.
Utility-scale solar deployment in the US reached a new high last year despite scores of projects being pushed back, in part due to a lack of regulatory certainty impacting the availability of modules, according to the American Clean Power (ACP) Association.
Community solar deployment in the US is set to be boosted by support programmes and clean energy commitments from state governments, according to Wood Mackenzie, which has increased its install projections in spite of interconnection challenges facing the segment.
India is at risk of a supply and demand mismatch for solar equipment if domestic PV manufacturers are unable to meet the quantity and quality required by project developers, Fitch Solutions has warned.
Solar power will account for nearly half of utility-scale capacity additions in the US this year, according to new figures from the country’s Energy Information Administration (EIA).
The European Union’s (EU) solar PV sector has navigated a year beset by supply chain disruptions and module prices hikes to post record levels of annual deployment, according to research from SolarPower Europe (SPE).
The US solar sector is set to post record deployment figures this year, but ongoing supply chain constraints, logistical challenges and price increases are expected to dent additions in 2022, a new report has said.
