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

Total installed solar PV capacity exceeded 500 GW globally in 2018, IEA PVPS report finds

The International Energy Agency Photovoltaic Power System Programme (IEA PVPS) announced the publication of  the 7th edition of its  report “Snapshot of Global Photovoltaic Markets” on Monday, 15 April 2019.

This report provides estimated data about photovoltaic (PV) capacity in the countries reporting to the IEA PVPS Programme and additional key markets and it serves as a preliminary assessment prior to the 24th edition of the PVPS flagship report “Trends in PV Applications” that will be published at the end of the year.

Read more