Falling PV prices and expanded financing options have contributed to a rise in rooftop solar deployment among lower-income households in the US in recent years, a new report from Lawrence Berkeley National Laboratory (Berkeley Lab) has said.
Solar power generation in the US rose by 25.23% in 2021, making it the country’s fastest-growing source of electricity, while renewables accounted for 21.02% of all electricity and look set to surpass coal in terms of total production in 2022.
Clean energy marketplace and technology services platform Palmetto has raised US$375 million to support its business expansion as it looks to drive uptake of rooftop solar and expand to offer new products.
French electrical equipment group Schneider Electric has acquired a controlling stake in EnergySage that will see the US-based solar marketplace provider look to scale its business globally.
Leading US solar installer Sunrun installed 792MW of solar capacity in 2021, a 31% growth on 2020, exceeding guidance, reflecting the highest growth rate in five years and bringing its total networked capacity to 4.7GW, according to its Q4 and full year 2021 financial results.
Having completed its entry into the electric vehicle (EV) sector, microinverter supplier Enphase Energy is now accelerating efforts to develop bi-directional charging to offer a package that benefits homeowners and its installer partners while easing pressure on the grid.
The Spanish region of Catalonia will need to have at least 7GW of solar PV installed by 2030 to put it on track to achieving a decarbonised electricity system and energy independence by mid-century.
The State Bank of India (SBI) has partnered with Tata Power Solar Systems to establish a financing agency for commercial and residential solar projects up to 1MW.
Proposed changes to California’s net metering (NEM) incentive programme will severely reduce residential PV’s value proposition in the state, cutting its solar market in half by 2024, Wood Mackenzie has warned.
