Solar PV and other renewables accounted for a record share of electricity generation in Australia’s National Energy Market (NEM) in Q4 2021 at 34.9%, while average wholesale prices rose with the higher cost of fossil fuels despite their share of the energy mix shrinking.
California’s energy transition will need 53GW of solar PV by 2045, with the state’s transmission system requiring a US$30.5 billion investment alongside major increases in energy storage to accommodate the extra power.
Regulators in Nevada have paved the way for two solar-storage hybrid projects to replace a legacy coal power plant in the US state, approving their sale to utility NV Energy.
Innovative Solar Systems (ISS), a utility-scale solar developer with a 12GW pipeline, has put itself up for sale, as it seeks partners to support the company in its development of ever larger PV projects across the US.
Solar developer Invenergy has partnered with US-based investment platform Lafayette Square to form a joint venture (JV) that will develop and operate PV plants primarily serving low- to moderate-income (LMI) communities and areas disproportionately affected by the clean energy transition.
Australian LNG player Woodside Energy has tabled plans to build a utility-scale solar-storage project with a generation capacity of up to 500MW in Western Australia.
Solar power will account for nearly half of utility-scale capacity additions in the US this year, according to new figures from the country’s Energy Information Administration (EIA).
US utility Appalachian Power has unveiled plans to acquire or contract for nearly 300MW of solar PV over the next three years as it transitions towards net zero status by 2050.
Around 5.3GW of solar was installed in Germany last year, however the trade body has warned that additional barriers will need to be “torn down” if the new German coalition government’s target of 200GW of operational solar capacity by 2030 is to be met.
