Solar and wind installations in the US could account for between 40% and 62% of total electricity generation by 2030, according to a report from the National Renewable Energy Laboratory (NREL).
Global investment in solar in the first half of 2023 increased by 43% year-on-year (YoY) to reach US$239 billion, but renewable energy investment was still far below the required amount to reach the net zero goal by 2050.
US power distribution company Entergy Louisiana has sought approval to add 3GW of solar PV power to its generation mix in Louisiana.
Clēnera has started operations at its 105MW Apex Solar facility in the US state of Montana, one of the largest solar projects in the state.
US renewable developer Invenergy has partnered with solar module manufacturer LONGi to build a 5GW module assembly plant in Ohio.
US solar technology company Great Lakes Solex has announced a plan to open a solar module facility with a 6GW capacity in Puerto Rico.
Last week’s collapse of Silicon Valley Bank (SVB) has brought doubts in terms of capital financing for the renewable industry with a big impact on the community solar market as the entity had financed up to 62% of the US community market.
The cumulative community solar capacity in the US will reach 14GW by 2028, according to Wood Mackenzie and and the Coalition for Community Solar Access.
Japanese conglomerate Itochu Corporation has announced a plan to invest US$2 billion in renewable energy generation assets in the US and Canada.
Module manufacturer Meyer Burger has planned to build a solar cell plant in Colorado, the US, with an initial annual capacity of 2GW.
