Solar energy accounted for about 65% of global renewable energy capacity growth in 2022, according to a study conducted by the International Renewable EnergyAgency (IRENA). IRENA’s Renewable Capacity Statistics 2023 showed that a total of 192GW of solar capacity was installed in…
High development costs and anunstable regulatory environment have increased average solar power purchaseagreement (PPA) prices in Europe to a new high of €76.84 (US$82.4)/MWh in Q42022.Prices have increased 60% year overyear, and are up 11.4% from the previous quarter as continu…
The European Commission today proposed a temporary emergency regulation to accelerate the deployment of renewable energy in the face of the energy crisis and the knock-on effects of Russia’s invasion of Ukraine.Scheduled to last for one year, the proposal will remove administrat…
New policies in major energy markets would accelerate the investment in clean energy to US$2 trillion by 2030 in the states policies scenario (STEPS),according to the International Energy Agency (IEA).In its flagship World Energy Outlook report, the IEA expects a 50% increase ini…
Installed solar PV capacity globally will grow 20-fold by 2050, when the technology will represent 38% of all electricity production, according to a new DNV report.The assurance and risk management provider expects that by mid-century there will be 14.5GW of solar capacity, of wh…
The US Department of the Treasury and the Internal Revenue Service (IRS) have requested stakeholder input on the climate and clean energy tax incentives included in the country’s Inflation Reduction Act (IRA).Six notices have been issued, requesting input on topics such as inves…
Solar accounted for half of all global power generating capacity added last year,with 182GW deployed, a 25% increase on 2020, according to a report from research organisation BloombergNEF (BNEF).In almost half of the countries tracked by BNEF, solar was the number one choicein te…
Amid all the buzz about the Inflation Reduction Act (IRA) at this year’s RE+ tradeshow in Anaheim, California, research firm Wood Mackenzie (WoodMac) has repeated warnings that module supply shortages are set to persist until the end of 2023.Speaking with PV Tech at RE+, Sylvia …
Industry association SolarPower Europe (SPE) has welcomed a proposal from the European Commission (EC) on an EU market ban on products made using forced labour.The proposal covers all products – those made in the EU for domestic consumption and export, and imported goods – with…
Solar PV plants across the European Union (EU) could be subject to a temporary revenue cap under new proposals aimed at helping energy consumers reduce their bills.The European Commission (EC) has proposed a temporary revenue cap on ‘inframarginal’ electricity producers – tech…