New solar and wind investment could hit $190 billion a year by 2035, Wood Mackenzie says. Where will that money come from? How much capital for renewables is likely to be deployed going forward, and where will it come from? Wood Mackenzie estimates that the combined global capex spend on wind and solar projects will […]
Court Temporarily Halts Trump Administration’s U-Turn on Bifacial Solar Modules
The bifacial solar module exemption lives to fight another day in a provisional win for developers like Invenergy. A bid from renewables developer Invenergy to temporarily pause the Trump administration’s abrupt decision to reimpose tariffs on bifacial solar panels has been granted. The Trump administration granted bifacial panels an exemption from the broader U.S. solar […]
8 Countries (Besides the US) With Solar Under $25 per Megawatt-Hour
Around the world, solar power price records just keep on coming. One of the biggest U.S. solar stories of the summer was developer 8minute’s pricing record of $19.97 per megawatt-hour for a Los Angeles project. The project, which looks set to go ahead following initial union resistance, remains a relatively rare public example of sub-$25 […]
Acciona Supersizes Solar and Storage Efforts With Big US Acquisition
“Zero to 60” investment: Spanish developer buys a 4-gigawatt solar and storage project pipeline. Spanish renewables developer Acciona has acquired 3 gigawatts of solar and 1 gigawatt of storage projects currently under development in the U.S. by Nebraska-based Tenaska. The deal announced Monday will see Acciona aiming to complete eight solar projects totaling around 1,200 […]
Spain Grid-Connects More Solar in 2019 Than Last Decade Combined
The Spanish solar market has reawakened, but not every project with a grid-connection approval will get built. Spain has connected more solar to its grid in the first nine months of 2019 than the last 10 years put together. Data released by grid operator Red Eléctrica de España (REE) shows that around 1,541 megawatts of […]
NextEra and Southern Company Rank as Largest Solar Owners Outside China
The global solar market is growing rapidly but remains highly fragmented, Wood Mackenzie says. NextEra Energy is the largest owner of solar PV capacity outside China, in a “highly fragmented” global market, according to a new ranking from Wood Mackenzie. NextEra has long dominated the U.S. wind market, where its 15-gigawatt base of installed capacity […]
US Solar Industry Rallies Behind 20% Generation Target for 2030
Priority #1: Extend the Investment Tax Credit, which new research says could increase installations by 36 percent through 2030. The solar industry met in Salt Lake City with a more sweeping and disciplined message than in some years past: Rally to extend the federal Investment Tax Credit and buckle up for a decade of massive […]
Michigan PURPA Settlement Set to More Than Triple State’s Solar Capacity
Utility Consumers Energy and the solar industry resolved their conflict, smoothing the way for deployment. Regulators in Michigan approved a settlement Wednesday compelling utility Consumers Energy to buy power from 584 megawatts of solar interconnected by September 1, 2023, multiplying by many times the 153 megawatts currently standing in the state. The settlement ends a […]
Canada’s Solar Breakthrough? 600MW Merchant Project Gets Green Light in Alberta
Solar now beats wind on cost in the home of Canada’s oil industry, says CEO of multi-renewables developer Greengate Power. A solar project that would be Canada’s biggest received provincial approval this week from regulators in Alberta, gliding through a key step on the way to its completion. So far Canada hasn’t seen the whoppingly […]
Hawaiian Electric Seeks Bids for 900MW of ‘Dispatchable Renewables,’ Storage and Grid Services
The next round of RFPs will help meet Hawaii’s goal of 100 percent renewables by 2045 and replace two big power plants closing on Oahu and Maui in the next five years. On Thursday, Hawaiian Electric issued a long-awaited request for proposals for about 900 megawatts of renewable energy and energy storage projects. It’s the […]