Separating generation from storage usually delivers higher value, but it may also deliver higher costs, the report said.
Shaving off 15% would trim new capacity additions by more than 2.3 GW this year alone, based on Energy Information Administration forecasts. Higher prices throughout the solar supply chain are being blamed.
Also on the rise: CS Energy provides EPC services for a 50 MW solar portfolio, UL buys a solar analytics platform, Sunnova places $500m of senior notes, service stations on Puerto Rico go solar, and XL Fleet buys an EV charging provider.
Also on the rise: Goodyear to add solar at an Innovation Center, NextEra Energy Partners expands a finance arrangement, Solar FlexRack supports a Bahamas project, and California’s annual budget aims to boost support for long-duration storage and ZEVs.
Proposed legislation could better balance the goals of solar developers to add capacity in prime resource zones, which also overlap some of the state’s best farmland.
Fifteen utility-scale solar projects and two energy storage projects became operational during the first quarter, alongside a 40% increase in wind capacity. Even more is on the horizon, according to a new report.
The report said a transmission ITC could enable an additional 30,000 MW of renewable energy capacity and spur more than $15 billion in private capital investment in the near term.
Sheep and solar farms can exist symbiotically, and the American Solar Grazing Association says that now is the time to convert that relationship into a full-scale industry.
Around 2 GW of new resources are on their way, but a repeat of last year’s hot summer weather could stress a grid that remains susceptible to high demand for energy.
We’re running out of time to transition our electric grid to clean energy sources at the pace needed to meet climate goals; it’s time to rethink the way states approach interconnection or it will kill our prospects.
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