Job moves in solar, storage, cleantech, utilities and energy transition finance. And the job of the week.
The legislation strives to build resiliency at the community level by allowing private developers to build, own and operate microgrids.
Industry leaders react to passage of the Senate-approved bill, warning it will pull the plug on domestic manufacturing, billions of dollars worth of investment, new jobs, lower energy costs and increasing clean energy capacity.
The project finance deal includes an option to expand to $850 million.
Solar industry leader warns that passage of this bill will weaken the U.S. industries that power the economy and strengthen national security.
Lazard’s analysis of levelized cost of electricity across fuel types finds that new-build utility-scale solar, even without subsidy, is less costly than new build natural gas, and competes with already-operating gas plants.
While other states’ bills to remove solar permitting bottlenecks fell flat this year, New Jersey unanimously passed a permitting bill in “one of those rare wins.”
The latest version of the Reconciliation Bill includes a 30% excise tax on solar projects if its components or intellectual property originate from entities linked to foreign adversaries—even if those projects don’t claim tax credits.
In April, solar photovoltaics accounted for 10.64% of all electricity generation, according to the EIA. Combined with wind, the two sources neared 25%, while carbon-free electricity edged above 49%.
An amendment put forth by Iowa Senator Ernst seeks to extend tax credits and clarify FEOC rules.
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