grid

New modelling shows that electrification and flexibility can slash average day-ahead energy prices by 25% by 2030, and by 33% by 2040.

Global grid capacity needs to grow 2.5 times its current size, and annual expenditure on grids must more than double to US$970 billion by 2050, according to a new report from DNV.

Investment in solar PV is expected to surpass all other generation technologies combined with over US$500 billion, according to a report from the International Energy Agency (IEA).

The Solar Energy Corporation of India (SECI) has launched a request for proposals for 1.2GW of new solar PV capacity in the country.

The US Department of Energy (DOE) has established a new programme to “significantly improve” permitting and environmental processes for electricity transmission projects.

European countries’ expanded plans for solar PV deployments may be held up by a lack of grid infrastructure development, according to solar trade body SolarPower Europe (SPE).

Grid connection backlog increased by 27% YOY in the US with about 2.6TW of generation and storage capacity now seeking grid interconnection.

Several European countries have underestimated the deployment of solar PV by 205GW by 2030, according to energy think tank Ember’s latest report.

IEA and Wood MacKenzie talk about grid connection issues worldwide and what countries need to do to upgrade the grid.

The European Commission has targeted a 90% share of EU electricity consumption by 2040 to come from renewables – mostly solar and wind – and complemented by nuclear energy, according to a leaked draft first obtained by French media Contexte.