The US renewables industry must double down on efforts to overcome energy storage financing issues so the technology can help supplement the country’s PV ramp up, it was suggested at a Solar & Storage Finance USA event.
US policymakers should explore the possibility of scrapping the investment tax credit (ITC) for solar PV and instead offer fiscal support for battery storage systems, an energy finance executive has said.
While the ongoing COVID-19 pandemic may have initiated something of a freeze on new solar financing deals in the US, significant interest in M&A remains and the incoming Biden administration could ease the logjam.
The Trump Administration in the US has set in motion plans to repeal the exemption for bifacial panels within Section 201 trade tariffs, while also increasing the proposed tariff from 15% to 18% from next year.
A round-up of the latest stories from the US solar market, featuring news of D. E. Shaw breaking ground on Louisiana’s largest under-construction solar farm and a double hire from Sunpower to bolster its ESG and diversity credentials.
With federal support for renewables having been depleted in recent years, utilities in the US have taken a leading role in the deployment of solar and energy storage. Jules Scully examines how integrated resource plans are driving solar deployment.
Duke Energy Progress’ Integrated Resource Plan, published earlier this week, details how the US utility could turn to as much as 16GW of solar to meet surging any demand and replace retiring coal fleets.