Despite India’s ambitious solar targets, challenges remain on policy, financing and grid infrastructure. Simon Yuen talks to experts in the solar industry to examine the challenges and opportunities in the Indian market.
Spanish utility Iberdrola has planned to invest €15.5 billion (US$17 billion) in renewables by 2026 and commission 6GW of solar PV and onshore wind by 2027.
North America will spend a cumulative US$12 trillion on renewable energy generation and its transmission by 2050, according to Norwegian-headquartered consultancy firm DNV.
Despite projections that solar PV and wind generation capacity will more than double by 2035, the Texas transmission grid will need to be upgraded to avoid increased asset curtailment across the state.
Western US electricity utility Pacificorp has released its 2023 Integrated Resource Plan (IRP) outlining significant solar, wind and storage capacity expansions as well as investment into new transmission lines.
Australia’s government is supporting the development of two major transmission projects to facilitate the connection of additional renewable energy capacity.
AES Corporation has gotten a “head start” in the race to deploy renewables in the US following the passing of the Inflation Reduction Act (IRA), said its chief development officer for clean energy.
Cost certainty, reducing wait times and more flexible agreements with utilities are crucial to solving the US’ interconnections problems that are holding the country back from reaching its renewables targets
