Panellists during last month’s Large Scale Solar Europe event, hosted by PV Tech publisher Solar Media in Lisbon, discussed the issue of grid modernisation in Europe and how it affects the growth of solar PV across several European Union members.
US utility Duke Energy plans to invest US$40 billion in zero-carbon power generation as part of its US$145 billion capital investment plan for the next ten years.
US utility Duke Energy has committed to exiting coal by 2035 in what it said was “the largest planned coal fleet retirement in the industry” as it also released its financial results for Q4 2021 that outline a US$63 billion five-year capex plan.
The proliferation of renewables and other distributed energy resources is pushing existing grid infrastructure to the limit, prompting renewed efforts to modernise. But with new hardware coming at such a high price, it’s imperative these investments get the biggest bang for their buck. Here, the US Interstate Renewable Energy Council establishes its five key principles for grid modernisation.
