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US installs record 6.1 GW of solar in Q1; EU ends limits on solar, wind revenues
U.S. installs record solar capacity as supply woes easeThe U.S. installed a record 6.1 GW of solar capacity in the first quarter, including 3.8 GW of utility-scale plants, as supply chain challenges...
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California grid plan could offer shorter queues across the Southwest
California plans to spend $7.3 billion on 45 new power transmission projects by 2030 that will support the construction of 17 GW of solar capacity, 8 GW of wind and numerous battery storage projects,...
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Europe forecast to double solar capacity by 2030; US cuts federal land costs
Europe set to install 475 GW solar capacity by 2030Europe is forecast to double solar power capacity to 475 GW by 2030 with investments of more than 145 billion euros ($158.2 billion), Aurora Energy...
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EU must hurl solar funding at multiple headwinds to compete globally
Europe is facing crucial funding decisions to create a solar supply chain that is competitive and sustainable.European Union leaders have called for a rapid expansion of solar power and an acceleration...
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Spain hikes solar target to 76 GW; US solar factory jobs to hit 120,000
Spain hikes solar, wind targets in draft climate strategySpain has raised its solar and wind targets in an ambitious plan to generate 81% of the country's electricity from renewables by 2030.The draft...
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US solar developer M&A set to bolster installation rates
U.S. solar mergers and acquisitions (M&A) are picking up as the cost advantages of larger companies combine with wider growth in renewable energy deployment.Solar installations are set to surge as...
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US solar power prices fall for first time in three years; EU lawmakers ditch...
US solar power prices fall for first time since Q1 2020Solar power purchase agreement (PPA) prices in North America fell in the second quarter of this year, representing the first drop since early...
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Grid delays threaten Italy's solar, wind goals
Italy's pledge to accelerate solar and wind capacity in the wake of Russia's invasion of Ukraine will severely test power authorities across the country.Italy generates over 50% of its power from...
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US implements faster grid connection rules; EU set to install 900 GW of solar...
US energy regulator streamlines grid connectionsThe U.S. Federal Energy Regulatory Commission (FERC) has agreed to streamline grid connection processes for solar and wind farms under new rules that...
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US regulator urged to enforce grid build as Senators apply pressure
Wind and solar deployment must accelerate to meet President Biden's target of a decarbonised power sector by 2035 but a lack of long-distance grid capacity is holding back growth.To minimise the impact...
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Texas power prices hit 30-month high; Italy solar installs hike 129% in H1
Texas power prices spike as temperatures soarTexas day-ahead power prices hit a 30-month high on August 25 as high temperatures hiked power demand to record-breaking levels, Reuters reported.Prices at...
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US tax bonus spurs solar projects on coal sites
Two bonus credit schemes in the Biden Administration’s Inflation Reduction Act are set to redistribute renewable energy deployment towards energy communities impacted by the closure of coal mines or...
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Europe's solar industry warns of bankruptcy risk; US solar installs set to...
European solar suppliers at risk after drop in import pricesA sharp fall in global solar prices has pushed more European solar manufacturers close to bankruptcy, requiring further support measures from...
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US solar builders chasing American cells, factory plans show
A year since President Biden's Inflation Reduction Act, solar suppliers and developers are pushing ahead with new manufacturing facilities that will transform supply dynamics.At least 52 projects to...
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Europe's solar industry warns against import tariffs; EU solar jobs set to...
EU solar industry warns tariffs would slow deploymentIndustry group SolarPower Europe has warned policymakers not to impose tariffs on imports, fearing a disruption of imports from Chinese companies...
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US solar experts predict further drop in offtake prices
In the second quarter of 2023, the price of solar power purchase agreements (PPAs) in North America fell for the first time in three years as constraints on project development eased.Market-averaged...
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US solar installation costs fell in 2022; White House awards billions to...
US solar plant builders trimmed costs in peak inflation yearThe average cost of installing U.S. utility-scale solar projects continued to fall in 2022 despite global inflation and supply chain...
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US invests billions in grid expansions; European solar installs hike 30% on...
US government invests billions to de-risk grid constructionThe Biden administration will invest $1.3 billion in three new power lines in the U.S. West and Northeast to support renewable energy and...
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Record US solar market values point to new build openings
U.S. solar market values hit record highs last year on the back of soaring gas prices, supporting the business case for solar amid volatile market conditions.The average wholesale market value of solar...
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US expands solar farm database; Low power prices threaten projects in Spain
US expands solar project database to aid developersThe Lawrence Berkeley National Laboratory (Berkeley Lab) has released more data on 3,699 ground-mounted solar facilities across 47 states in an...
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