Trina Solar executive says policies in the Inflation Reduction Act will make or break the future of solar in the U.S.
In a significant policy reversal, Florida has scrapped its renewable energy targets for 2050, imposed a complete ban on offshore wind projects, and eased regulations for gas pipeline expansions.
According to BloombergNEF’s just released 1H 2024 US Clean Energy Market Outlook, Texas promises to top the charts in terms of solar, wind and battery storage deployments in the period from 2024 to 2035. But it’s position as the number one U.S. state for renewable energy is not a given, as panelists made clear at last week’s RE+ Texas conference in Houston, Texas.
The key to ensuring expected financial returns from the IRA comes down to a single word: compliance, and tax credit compliance is fraught with risk and complex to manage.
About 60% of customers have included battery energy storage with their rooftop solar installation, up from roughly 10% prior. However, a “sustained downturn” is expected for the market.
SunPower Financial reported it has expanded its suite of solar financing options to include loan and lease financing through Mosaic for Tesla battery installations.
Governor Polis signed into law bipartisan legislation that launches a new dispatchable distributed generation program and leverages Solar for All funding to upgrade its grid, lower energy bills for all and promote energy equity.
Also on the rise: EV manufacturer Rivian invests in solar energy. Market impacts from the recent flurry of solar policy actions. And more.
The U.S. had an extremely busy week of policy changes, including AD/CVD, domestic content, bifacial panel exemptions, and changes to 301 tariffs.
Also on the rise: Qcells residential solar financing arm closes its first asset backed securities. NYPA prequalifies 79 developers and investors for renewable projects. And more.
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