SolarPower Europe forecasts 1.3 TW total installed global solar power generation capacity by 2023

The European solar energy association SolarPower Europe released its Global Market Outlook 2019-2023 report at leading solar trade event Intersolar Europe, which took place in Germany from 15 to 17 May 2019,  showing that solar power reached important milestones in 2018, with an even more optimistic picture forecasted for the next five years.

Read more

United States surpasses 2 million solar installations and forecasts expect them to double by 2023

Wood Mackenzie Power & Renewables and the Solar Energy Industries Association (SEIA) announced on May 9 that the U.S. is now home to more than 2 million solar PV installations. The mark comes just three years after the industry completed its 1 millionth installation, a feat that took 40 years to accomplish.

Read more

Resilient solar is proven to be a cost-effective solution in five southeastern cities in the U.S., Clean Energy Group’s report finds

Solar and battery storage technologies that provide clean, reliable backup power are cost-effective for many critical community facilities in the Southeast, according to Clean Energy Group’s report series, “Resilient Southeast: Exploring Opportunities for Solar+Storage in Five Southeastern Cities,” released today in partnership with regional nonprofit partners details a first-of-its-kind economic analysis evaluation for solar PV and battery storage (solar+storage) in the region. When the economic value of resilience is accounted for, solar+storage was proven to be a positive investment for all locations and building types examined.

Read more

Total corporate funding in the solar sector comes to $2.8 Billion in Q1 2019, Mercom Capital reports

U.S. consulting firm Mercom Capital Group announced on April 9 the release of its Q1 2019 Solar Funding and M&A Report on funding and merger and acquisition (M&A) activity for the global solar sector in the first quarter of 2019.

Read more

Wind and solar power will account for 96% of the total power supply of renewable energy sources by 2050, report says

Finland’s LUT University and the Energy Watch Group released the “Global Energy System Based on 100% Renewables. Power, Heat, Transport and Desalination Sectors” study, which simulates a transition to 100% renewable energy of the entire world, structured in nine major regions and 145 sub-regions on an hourly resolution of 5-year time periods from 2015 until 2050. The modelling computes the cost-optimal mix of technologies, based on locally available renewable energy sources.

According to the report, the transition to a global energy system based on 100% renewables can be achieved before 2050 if a strong policy framework is implemented.

Read more