Multiple deals signed over the last six months have shown solar panel manufacturers using long- term solar module supply agreements with developers to drive factory finance.
The state has just 2 MW of installed solar capacity, but its integrated resource plan includes 120 MW of clean energy resources by 2025, which includes 100 MW of wind or solar generation, and 20 MW of energy storage divided equally across the two states.
Also on the rise: Energy storage market is shining, with corporate investment up 55%. Subway restaurants to install fast EV chargers. And more.
Falling well short of expectations, renewable energy deployment slowed 16% year-over-year, according to an American Clean Power report.
Following a recently announced award to the ACT (Appalachian Climate Technology) Now Coalition, the two entities will collaborate on strategies to recruit, train and employ local workers in the growing renewable energy industry in West Virginia and around the Appalachian region.
By the the end of 2023 Commonwealth Edison expects to double its current cumulative installation to more than 150 community solar projects installed, serving more than 36,000 customers across its more than 11,400 square mile service territory in northern Illinois.
The capacity joins the existing 107 GW of solar on the U.S. grid, signaling that the energy transition is well underway.
The U.S. Inflation Reduction Act (IRA) is set to ignite the energy storage market in 2024, as analysts expect up to 65 GW/260 GWh of projects through 2026. The outlook is for battery project sizes to increase as the pipeline takes shape.
The Illinois projects provide benefits to income-qualified and energy transition communities and will deliver enough clean energy to power about 1,200 homes, providing customers a combined projected savings of $12 million over 20 years.
About 2,200 to 2,300 SunPower panels will be deployed on new apartment building residences built by Metonic and HomeFed across California.
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