News of Year:
-
High interest rates slowed global corporate solar funding in H2 2022
2023-03-16Higher interest rates in the second half of the year slowed down corporate funding in the global solar sector to US$24.1 billion in 2022, according to research from Mercom Capital Group.Despite corporate solar funding – including venture capital fund -
‘A significant moment for European solar manufacturers’: EU unveils Green Deal Industrial Plan
2023-03-16Following months of discussion and encouragement from the European solar industry, the EU has announced a multi-pronged scheme to drive renewable energy and clean technology development, with the aim of putting the European market at the forefront of -
Solar to dominate US capacity additions, 73GW expected through 2025
2023-03-16Nearly two-thirds of US generating capacity additions in the next three years will be fulfilled by solar, with the technology’s share of power generation in the country set to almost double, according to a report from the Federal Energy Regulatory Co -
Solar PPA price rises slow for US and Europe, though forecast is mixed
2023-03-14The US and Europe saw relatively modest increases in the average prices of solar power purchase agreements (PPA) in Q4 2022; 4% and 3% respectively. In the US, stabilising policy changes have slowed price rises, whilst European policies have offered -
US solar PPA prices keep rising with demand set to grow further
2023-03-14US solar power purchase agreement (PPA) prices continued to climb in Q4 2022, as supply chain blockages and uncertain legislation increased costs for developers, according to renewables transaction infrastructure provider LevelTen Energy.Its PPA Pric -
PPAs are a must for renewables development and energy supply in Europe says SolarPower Europe
2023-03-14Power purchase agreements (PPAs) must become a mainstream tool for the development and energy supply of renewables, according to trade body SolarPower Europe (SPE).The revision of the EU Electricity Market Design has to incentivise investment in more -
EU’s Green Deal Industrial Plan is a ‘once in a generation opportunity’ to secure a renewables industrial lead
2023-03-10The European Commission has released its Green Deal Industrial Plan based upon four pillars aimed at scaling up domestic manufacturing capacity for net-zero technologies.The plan – which was first announced during the World Economic Forum in Davos ea -
Solar to account for 54% of new US electric-generating capacity in 2023
2023-03-10Solar power will dominate new electric-generating capacity additions in the US this year, according to the Energy Information Administration’s (EIA) Preliminary Monthly Electric Generator Inventory. A total of 54.5GW of new utility-scale electric-gen -
European solar PPA prices reach new high of €76.84 in Q4 2022, up 60% year over year
2023-03-10High development costs and an unstable regulatory environment have increased average solar power purchase agreement (PPA) prices in Europe to a new high of €76.84 (US$82.4)/MWh in Q4 2022.Prices have increased 60% year over year, and are up 11.4% fro -
Spain facing solar EPC bottleneck following project approval surge
2023-03-09A lack of engineering, procurement and construction (EPC) capacity in Spain represents a key challenge for the country’s solar industry as PV plant deployment soars and the government authorises gigawatts of new projects.Panellists during last week’s