Early-stage utility-scale projects face unprecedented headwinds, but the global market could be set for a swift rebound. Wood Mackenzie slashed more than 20 gigawatts off its forecast for global solar deployments in 2020, as the impact of the coronavirus pandemic comes into sharper focus. Construction is slowing, tenders are postponed, and for earlier-stage projects, there […]
Glidepath Ventures Breaks Out With 1GW Solar Portfolio Sale
The developer is betting big on Pennsylvania, where relatively little solar has been built to date. Pennsylvania-based solar developer Glidepath Ventures told Greentech Media it has sold its first projects: a 278-megawatt, 12-project portfolio to Canada’s Grasshopper Solar, plus another four projects totaling 887 megawatts to an unnamed independent power producer (IPP). All of the […]
Three-Quarters of New US Generating Capacity in 2020 Will Be Renewable, EIA Says
2020 will be a record year for U.S. renewables construction as 6 gigawatts of coal capacity goes offline, according to new government figures. The U.S. Energy Information Administration has confirmed what it and industry watchers predicted a year ago — that wind and solar power will expand on their already-large share of new U.S. generation […]
Solarcentury Gets Boost From UK Government for 500MW Overseas Pipeline
Britain wants to spark a post-Brexit green industrial revolution, but its greatest opportunities for renewable exports likely lie with wind, not solar. Developer Solarcentury has secured €54.8 million ($61.1 million) of finance for 500 megawatts of solar in Spain — with a little help from the U.K. government. The backing by U.K. Export Finance, the […]
After Violent Clashes of 2019, Investors Reassess Chile’s Prospects for Renewable Energy
Social unrest led Chile to give up hosting the U.N.‘s COP25 summit in December, but investors are showing signs of confidence in the country’s renewables market. Investors believe the prospects remain strong for Chile’s hot renewables market, despite recent social unrest that caused the nation to relinquish hosting climate talks last year. Chile was forced […]
Iberdrola Completes Europe’s Largest Solar Plant (and Yes, It’s Subsidy-Free)
The 500-megawatt Núñez de Balboa project is part of Iberdrola’s plan to add 3 gigawatts of solar by 2022 in the rebounding Spanish market. Spanish renewable power giant Iberdrola has completed work on what it claims is the largest solar project ever built in Europe. The 500-megawatt Núñez de Balboa facility is now undergoing testing […]
NV Energy Gets Green Light for Massive Solar-Battery Projects
Nevada regulators approve a plan for 1.2 GW of solar backed by gigawatt-hours’ worth of energy storage capacity. Nevada regulators have given a green light to utility NV Energy’s plan to add nearly 1.2 gigawatts of solar and 590 megawatts of batteries, underscoring a broader push toward renewable energy and storage by other Western utilities […]
Utility-Scale Solar Set to Eclipse Onsite Installations in US Corporate Market
Onsite solar installations have dominated the C&I market to date, but the landscape is shifting rapidly, according to Wood Mackenzie. Starting next year, offsite corporate deals are expected to become the largest source of business-led solar procurement in the United States. Procurement from offsite solar power-purchase agreements is expected to triple between 2019 and 2020, […]
Who Will Fund the Renewables Boom of the Next 15 Years?
New solar and wind investment could hit $190 billion a year by 2035, Wood Mackenzie says. Where will that money come from? How much capital for renewables is likely to be deployed going forward, and where will it come from? Wood Mackenzie estimates that the combined global capex spend on wind and solar projects will […]
Court Temporarily Halts Trump Administration’s U-Turn on Bifacial Solar Modules
The bifacial solar module exemption lives to fight another day in a provisional win for developers like Invenergy. A bid from renewables developer Invenergy to temporarily pause the Trump administration’s abrupt decision to reimpose tariffs on bifacial solar panels has been granted. The Trump administration granted bifacial panels an exemption from the broader U.S. solar […]