A report from McKinsey and Company says the relative ease of building out solar projects means the U.S and Europe are likely to meet their end-of-decade deployment targets, despite current pipeline gaps of around 205 GW and 181 GW.
Wood Mackenzie report forecasts solar as a vital contributor to near-term power demand despite federal policy volatility.
A record-breaking year for solar generation and a leap in battery capacity have shifted the U.S. energy landscape, turning solar into a primary workhorse for meeting the nation’s surging power needs.
The report suggests expanding 2035 targets for local clean energy to 20 GW to mitigate wholesale price volatility and improve winter reliability.
While both markets face ancillary market saturation, it has very different consequences in CAISO than in ERCOT.
Soaring utility costs and rising power demand are recalibrating the financial outlook for the United States non-residential solar market.
China is outpacing the U.S. toward 100% renewables for all energy uses and is on track to reach that standard by 2051, versus 2148 for the U.S., projects a study of 150 countries by Stanford professor Mark Jacobson.
A water district serving the western San Joaquin Valley has established a long-term blueprint for developing solar, storage and transmission on lands that “can no longer sustain irrigated agriculture.”
Residential solar in the United States is in a sustained downturn as policy support shifts in key states, with conditions likely to worsen as federal tax credits near expiration. Companies in the sector now depend on cutting costs, expanding products and services, and innovating with customer financing to stay competitive.
The industry faces rising demand, tighter economics and higher expectations for performance and reliability.
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