Global average solar LCOE stood at $0.043/kWh in 2024, says IRENA
The International Renewable Energy Agency’s latest report finds little change in the global average levelized cost of electricity for utility-scale solar plants year-on-year, while the global average total installed cost of utility-scale solar projects fell by 11%.
People on the move: Deriva Energy, GroundWork Renewables, Nature Conservancy
Job moves in solar, storage, cleantech, utilities and energy transition finance. And the job of the week.
Corning acquires JA Solar facility in Arizona
Under the name American Panel Solutions, Corning will expand its footprint by manufacturing solar modules to serve the U.S. solar industry.
Farmer-led trade association forms to help navigate solar, wind on farmland
The non-profit trade association will help landowners make informed decisions about leasing land for renewable energy projects.
Tariffs could lower ten-year U.S. solar deployment 9%, said McKinsey
In a “global tensions escalate” scenario, McKinsey expects less solar and energy storage deployment through the decade.
Enbridge to invest $900 million in more Texas solar
Meta signed a long-term agreement for the 600 MW solar project’s generation as its data centers continue to multiply across the country.
Solar, wind and storage reliably power Texas grid during unexpected coal shutdown
Solar and wind generated 40.2% of the ERCOT grid’s electricity this year through June. When coal plants shut down for unexpected maintenance, solar and wind stepped in, providing about 50% of generation during peak summer demand in the highest electricity consuming state in the union.
California solar curtailment down 12% on back of batteries
For the first five months of 2025, CAISO data showed solar electricity curtailment declined by 12% as a share of generation, falling from 13% to 11.5%, even as solar output grew 18% year over year. During this period, however, curtailment still rose 4.1% in absolute terms, with March showing a 28% increase, matching the prior year’s peak.
States without residential solar third-party ownership may become “holes in the market” after 2025
When the Residential Clean Energy Credit expires at the end of 2025, as many as 17 states without current third-party ownership providers could see their residential solar marketplaces take a nosedive.
Where storage is set to thrive and fade under the OBBB
Existing battery projects in California and Texas see upside, while hybrid storage bets in the Midcontinent Independent System Operator (MISO) territory and the Southeast face shrinking margins under the revised tax credit rules.
