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.
The fallout from February’s winter storm in Texas could see new legislation enacted that would shift the cost of ancillary services onto renewable energy projects, potentially derailing solar deployment in a state that is currently on track to surpass California and become the US’ leading PV market. Jules Scully speaks to the market to determine the risk posed to solar as a result.
Utilities operating in the US state of Washington must eliminate coal-fired generation by the end of 2025 and source 100% of their electricity from renewable or non-carbon-emitting sources by 2045, according to new rules announced by regulators.
A record amount of utility-scale PV capacity is expected to be connected to the grid in the US this year, with Texas accounting for more than a quarter of solar additions, according to new data from the US Energy Information Administration (EIA).