Snapshot of the 2024 solar industry
Five important news stories tell the tale of state policies, supply chain, the upcoming administration and more.
Sunrise brief: Treasury releases final rules for clean energy Investment Tax Credit
Also on the rise: Ten reasons why small-scale, non-utility solar is important. U.S. targets 50 gigawatts of solar in 2024. And more.
Renewables must triple by 2030 to hit net-zero by 2050, says BloombergNEF
BloombergNEF says in a new report that solar and wind must drive most emissions cuts before 2030 to stay on track for net-zero by 2050. Its net-zero scenario targets a combined solar and wind capacity of 31 TW by 2050.
Habitat Energy chosen to optimize 730 MW ERCOT battery storage portfolio
To help manage battery storage and renewable energy assets, Habitat Energy signed an agreement with UBS Asset Management’s Real Estate & Private Markets business to optimize battery storage assets in four standalone projects in Texas.
U.S. solar up 52% in 2023 as nation deploys 35.3 GW of capacity
Bloomberg NEF says U.S. clean energy generation grew by 0.9%, with wind and hydro generation falling and solar generation growing 15.4%.
Blue skies ahead for EVs and the energy metals that power them
Every new major innovation experience hiccups on the way to mainstream adoption, but the EV market has had stratospheric growth.
Bloomberg signs 15-year PPA for Texas solar
The 80 MW power purchase agreement was signed with Ørsted, supporting conservation commitment and advancing Bloomberg’s pledge to 100% renewable-sourced electricity by 2025.
Sunrise brief: Morgan Stanley and Santander invest $520 million in solar projects
Also on the rise: Scaling green hydrogen. EV sales to make up nearly one-third of passenger vehicle sales in U.S. by 2026. And more.
EV sales to make up nearly one-third of passenger vehicle sales in U.S. by 2026
BloombergNEF’s Electric Vehicle Outlook 2023 forecasts an impressive trajectory of EV sales in the U.S., but cautions that faster progress is needed in order to reach net-zero road transport emissions by 2050.
Permitting, grid resiliency and fusion energy are top of mind at BNEF Summit
The 2023 BloombergNEF Summit focused on grid innovations, climate change and renewable energy technology and saw in excess of 800 attendees turn out in person and on a live webcast, with about 26 corporate sponsors.
