As of today, less than 10% of the necessary solar and wind power needed for a 2050 global net zero scenario exists, whilst global electricity generation will need to more than triple to 80,000TWh, according to the 2022 BloombergNEF (BNEF) New Energy Outlook.
US Secretary of The Interior Deb Haaland has announced plans to expand solar deployment on public lands across the west of the country, including three major solar projects in Arizona representing just under 1GW of capacity.
D.E. Shaw Renewable Investments (DESRI), the US renewable energy developer, has signed a 200MW power purchase agreement (PPA) with tech and social media titan Meta for power produced at the Long Lake solar project in Arkansas.
The US Department of Commerce has found that imports of some PV cells and modules produced in four Southeast Asian countries are circumventing antidumping duty and countervailing duty (AD/CVD) orders on solar cells and modules from China.
PV and solar-plus-storage costs have risen year-on-year (YoY) in the US, according to the annual price benchmarking analysis by the National Renewable Energy Laboratory (NREL).
Canadian renewable energy company Brookfield Asset Management has established a mutual agreement with Amazon Web Services (AWS) that will see 600MW of solar and wind capacity provided to fuel Amazon’s operations. Brookfield will also employ AWS’ technology and digital capabilities to optimise its infrastructure.
PV plant developer National Grid Renewables has commenced operations at its Noble solar-plus-storage project in Denton County, Texas. The Noble project consists of a 275MW solar PV farm and 125MWh energy storage system.
Green Hydrogen company Fusion Fuel has penned an agreement with energy infrastructure developer Electus Energy to build a 75MW green hydrogen plant in Bakersfield, California.
Canadian investor Ontario Teachers’ Pension Plan Board has signed an agreement to invest US$805 million in a convertible equity portfolio financing with NextEra Energy Partners to help it acquire a 2GW portfolio of solar, storage and wind assets across the US.
