Sunrise brief: Solar represents over 80% of U.S. electric capacity additions in 2024
Also on the rise: Hawaii’s largest solar-plus-storage facility now operational. Swift Solar closes $27 million in funding, plans perovskite solar factory. And more.
Solar represents over 80% of U.S. electric capacity additions in 2024
Combined with wind, the two technologies represent 99% of all capacity additions, according to data from the Federal Energy Regulatory Commission (FERC).
Hawaii’s largest solar-plus-storage facility now operational
The 60 MW Kūihelani solar-plus-storage facility will generate enough electricity for 27,000 homes, with a 240 MWh battery energy storage system.
Sunrise brief: Utility-scale solar far less costly than the cheapest fossil fuel source
Also on the rise: Five Puerto Rico reservoirs could host 596 MW of floating solar. Weather-related damage to solar assets exceed modeling expectations by 300%. And more.
Sunrise brief: Zinc-ion batteries–a less volatile alternative?
Also on the rise: Qualifying for the brownfield energy tax credit. Solar cell prices hold steady in quiet market. And more.
In case you missed it: Five big solar stories in the news this week
pv magazine USA spotlights news of the past week including market trends, project updates, policy changes and more.
NV Energy enters power purchase agreement on $2.3 billion 700 MW solar project
Arevia Power announced deal on one of the largest solar projects in the United States with Nevada-based utility NV Energy.
Sunrise brief: Solar panel import tariffs increasing prices by up to 286%
Also on the rise: Total U.S. solar module manufacturing capacity grows by 71% in Q1 2024. California bill amends ruling that gutted value of solar for multi-meter properties. And more.
IEA urges countries to accelerate renewables deployment
A new report from the International Energy Agency (IEA) suggests that the world could miss out on a target of 11,000 GW of global renewables capacity by the end of the decade, as agreed at COP28. It also predicts that solar will become the world’s largest source of installed renewable capacity, surpassing hydropower.
Total U.S. solar module manufacturing capacity grows by 71% in Q1 2024
According to the U.S. Solar Market Insight Q2 2024 report, solar module manufacturing production capacity increased by over 11 GW.
