energy transition

Many Australian state governments have implemented favourable economic policies to encourage more solar investment within their borders.

Increased solar PV and wind generation contributed to lower wholesale electricity prices in Australia in Q2 2023, according to the Australian Energy Market Operator (AEMO).

US energy company DTE Energy has announced an agreement with 21 organisations in Michigan on its CleanVision Integrated Resource Plan, including developing over 15GW of renewable energy by 2042.

The Dutch solar trade body Holland Solar has called for the government to reverse its decision to limit PV deployments on agricultural land.  

In order to meet the world’s clean energy goals, organisations not considered solar power companies will play a role in this transition.

The International Renewable Energy Agency has called for the world to add 551GW of solar capacity per year by 2030.

Global solar energy investment will surpass oil for the first time in 2023 as PV leads the charge in a projected 24% increase in clean energy investment compared with 2021.

The Vietnamese government has approved a plan to develop renewable energy sources for electricity production, including building rooftop solar for residential and commercial premises.

Globally, 32% of business leaders estimated that their country will fully transition to renewables after 2050, while 8% said it would never happen.

Canada will introduce tax credits, incentives and investment for developing and manufacturing solar PV, energy storage and other renewable energy technologies in an Inflation Reduction Act-style scheme.