Tesla’s energy division continued its growth trajectory, marking its largest quarter yet as it deployed 12.5 GWh of energy storage while outlining plans for new factories and product lines.
DNV’s Energy Transition Outlook 2025 report also predicts that distributed generation solar should begin outpacing utility-scale installations in some parts of the world by 2060. It adds that the levelized cost of electricity for solar is beginning to plateau and is expected to slow to an annual drop below 1% by the 2050s.
The latest report from the International Energy Agency’s (IEA) Photovoltaic Power Systems Programme (PVPS) highlights that 2024 was another record year for solar installations but large overcapacities of solar cell, module and wafer manufacturing continued.
Behind-the-meter solar for homes, businesses, and communities comes with numerous benefits, said a paper from Stanford engineering professor Mark Jacobson.
As corporate buyers and registries add biodiversity metrics to renewable energy credits, pollinator-friendly solar is emerging as a differentiator in the REC market.
Demand for copper, often considered as one of the most valuable alternatives to silver in solar manufacturing, is expected to increase by almost a quarter globally by the middle of next decade. Wood Mackenzie says the energy transition is one of four ‘disruptors’ that could cause demand to increase further.
U.S. solar power purchase agreement prices rose 4% quarter-over-quarter in Q3 2025, and prices may continue to increase for “months and years to come,” said a report from PPA marketplace operator LevelTen Energy.
New IEEE report tracks PV penetration and the growing role of grid battery storage. Approximately 70% of newly installed global electricity generating capacity for 2024 came from PV, with record installations in China (278 GW) and the U.S. (38 GW).
The International Energy Agency (IEA) cut its 2025–30 renewables forecast by 5%, citing lower solar additions, though PV still represents nearly 80% of 4.6 TW expected growth.
Beginning operations in 2014, the Ivanpah Solar plant cost $2.2 billion to build. It is now closing operations, but the plant’s closure is not an indication cost problems for the solar industry.
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