Order signed by US president grants importers 90-day deferment on the payment of duties, taxes and fees to help with COVID-19 impacts, but does not extend the lifeline to PV components.
On 1 January this year, the solar investment tax credit, responsible for fuelling the rapid growth of the US market, began its decline. Cecilia Keating assesses what impact it will have.
US trade reps move once more to scrap reprieve for two-sided modules from Section 201 tariffs, but measure cannot come into force until last year’s court injunction is lifted.
US-based independent power producer (IPP) sPower has closed a US$350 million tax equity commitment from banking giant Wells Fargo to support its Spotsylvania Solar Energy Center project.
SEIA, ACORE and others lament US federal energy regulator’s dismissal of request to reconsider PJM rule change, which the industry feels will ‘pad fossil fuel profits’ at renewables’ expense.
Oil and gas major Shell is to ramp up its renewable energies division in order to decarbonise its operations and strive towards a net-zero-by-2050 target.
World’s top asset manager cites appetite for ‘resilience’ in era of volatility as it smashes US$3.5bn target of GEPIF III fund, set to invest in solar, storage and other renewables and non-renewables.
The University of Pennsylvania has signed a long-term power purchase agreement to procure clean electricity from what’s claimed to be the commonwealth’s largest solar project.
Agency expects broader renewables will be fastest growing power source in 2020 despite COVID-19 but believes economic standstill will see PV additions dropping to 12.6GW.
New roll-out figures and talk of cash increases come after leading US residential player acts to withdraw 2020 guidance, with media reports claiming around 100 staff are being let go.
