Markets

Wood Mackenzie expects 270 GW of new global PV capacity in 2023, up 33% year on year. However, the annual growth rate is anticipated to fall to 1% in 2024 and to increase again by 5% in 2025.

The Sunny Boy Smart Energy hybrid inverter is at the heart of the energy storage solution and it can be equipped with SMA’s Backup Secure to control the home’s energy, sending it to chosen appliances when needed.

A survey conducted by researchers at the University of Illinois, combined with prior research, details what solar grazers have purchased when building out their businesses and what they earn. Additional documentation highlights complex grazing business plans on large utility-scale solar facilities.

Also on the rise: SolarEdge stock trades down despite record revenue in Q2. Sunnova to participate in battery emergency program in Puerto Rico. And more.

The company had strong performance in European residential and commercial markets, whereas the U.S. residential solar market wavered in Q2.

Distributed solar and storage customers sign up with Sunnova to participate in the Flex Power Program. By compensating customers for the power supplied by their batteries, they are incentivized to participate in the program designed to provide energy that reduces strain on the grid and minimizes blackouts at critical times.

Also on the rise: FERC’s proposed rule would harm consumers and the energy transition, DOE announces over $450 million for solar-plus-storage in Puerto Rico and Nextracker to deliver 3 GW of trackers to Leeward Renewable Energy.

Leeward’s portfolio of 25 wind, solar and energy storage facilities across the United States totals about 2.7 GW of generating capacity, and the company reports that it has another 1.9 GW contracted and 20 GW under development and construction across 100 projects.

The Law Firm Lewis Roca released what it believes is the first legal analysis compiling and assessing renewable energy decommissioning requirements across the nation.

Transmission competition is the key to upgrading our electricity grid in a cost-effective manner. FERC must embrace competition and deliver on its mandate to ensure just and reasonable rates for consumers.