The IEA says renewables are on course to meet almost half of global electricity demand by 2030, with solar driving 80% of capacity growth.

IEA forecasts over 4,000 GW of new solar by 2030

,

The International Energy Agency (IEA) is predicting over 4,000 GW of new solar will be added worldwide by the end of the decade.

The agency’s flagship report, “Renewables 2024,” says the world is set to add more than 5,500 GW of new renewables capacity between 2024 and 2030, to reach a cumulative capacity of almost 11,000 GW.

The prediction indicates solar will account for 80% of renewables growth over the 6-year period. Utility-scale solar will account for the majority of the solar expansion, but distributed applications, encompassing residential, commercial, industrial and off-grid projects, are expected to make up almost 40% of new solar.

Click here to read the full article
Source: PV Magazine

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

With 56GW of new solar energy capacity installed in 2023, the EU has set yet another record, surpassing the additional 40GW installed in 2022

European Union ditching fossil gas fast, replacing with solar & wind

,

The European Commission recently published its State of the Energy Union Report 2024. The Commission says that the report “describes how the EU has managed unprecedented challenges in the energy policy landscape during this Commission’s mandate, equipping the EU with a regulatory framework for pursuing the clean energy transition and laying the foundations for renewed economic growth and competitiveness.”

One of the notable challenges the EU is facing at the moment, of course, is the continued Russia invasion of Ukraine. Having previously relied on an enormous amount of fossil gas (aka natural gas) from Russia, the EU has had to find ways to replace it. Part of that has been getting fossil gas from elsewhere (most notably, the US). However, part of that has involved simply cutting demand for fossil gas. Overall, it’s impressive how much the Union has been able to do that, as evidenced in the following chart:

Click here to read the full article
Source: Clean Technica

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

US installed solar capacity has grown 34% since the second quarter of 2023, with more than 110,000 MW of projects now operating.

US utility solar market has grown 34% since Q2 2023

,

Developers continued to take advantage of the Inflation Reduction Act in the second quarter as they added utility-scale solar projects in the United States at a record pace.

There was 7,369 MW of solar installed in the quarter, a 49% increase from the first quarter, according to data from S&P Global Market Intelligence. U.S. installed solar capacity has grown 34% since the second quarter of 2023, with more than 110,000 MW of projects now operating.

Developers plan to add more than 40,292 MW of solar this year, with 3,727 MW announced, 14,548 MW in early development, 1,473 MW in advanced development and 20,543 MW under construction. There is nearly 233,000 MW additional solar capacity in development in the U.S. through 2028, according to Market Intelligence data.

Click here to read the full article
Source: Solar Power World

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

A report published by the SEIA and Wood Mackenzie highlights how effective the administration has been in advancing solar power in the US.

US solar power booms under Biden

,

One of the core areas of focus of the Biden–Harris administration has been growing cleantech — getting more solar power plants build, getting more solar panel factories up and running in the United States, installing more EV chargers, selling more electric cars and trucks, getting offshore wind power going in the country, and much, much more. A report published today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie highlights how effective the administration has been in advancing solar power in the States, and especially solar panel production capacity.

The big headline: solar panel production capacity has almost quadrupled in the last two years, since the passage of the Inflation Reduction Act (IRA) in mid 2022. Solar module production capacity has risen above 31 gigawatts (GW) a year.

Click here to read the full article
Source: Clean Technica

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

A record-setting 11GW of new solar module manufacturing capacity came online in the USduring Q1 2024, the largest quarter of solar manufacturing growth in American history.

USA solar panel manufacturing capacity soared 71% in Q1 2024

,

A record-setting 11 gigawatts (GW) of new solar module manufacturing capacity came online in the United States during Q1 2024, the largest quarter of solar manufacturing growth in American history.

According to the U.S. Solar Market Insight Q2 2024 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, total U.S. solar module manufacturing capacity now exceeds 26 GW annually.

In addition, the industry also installed an impressive 11.8 GW of new solar capacity, bringing total capacity to 200 GW in the United States. The report also contains new data from 2023, showing that the United States added over 40 GW of new solar capacity last year. Wood Mackenzie now projects that the U.S. solar industry will install another 40 GW in 2024.

Click here to read the full article
Source: Clean Technica

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

New testing conducted at France’s oldest PV system have shown that its solar modules can still provide performance values in line with what the manufacturers promised.

Solar modules deployed in France in 1992 still provide 75.9% of original output power

,

French association Hespul was created in 1991 to set up the first photovoltaic plant connected to the national network in France. Following the inauguration of the Phébus 1 power plant on June 14, 1992 in Ain, Hespul decided to expand its activity to promote photovoltaics in France, which at the time was almost non-existent.

The association has now revealed that around 10 m2 of the panels, corresponding to around 1 kW, were dismantled from the system last year and submitted to a series of tests according to the international standards.

Click here to read the full article
Source: PV Magazine

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

Investment in solar PV is expected to surpass all other generation technologies combined with over US$500B, according to a report from IEA.

IEA: Solar PV investment to surpass all technologies combined in 2024

,

Investment in solar PV is expected to surpass all other generation technologies combined with over US$500 billion, according to a report from the International Energy Agency (IEA).

In its annual investment report, World Energy Investment, the IEA also highlights that for every US dollar invested in fossil fuels, two US dollars will be invested in clean energy this year. This is an increase from last year when the ratio was at US$1 versus US$1.7, respectively. Globally, clean energy technologies and infrastructure investment are expected to reach US$2 trillion in 2024.

Falling module prices and easing supply chain pressures have offset the impact of high interest rates, as solar panel costs have decreased by 30% over the past two years. However, the growth of spending for renewables – and particularly distributed solar PV – is expected to continue at a slower pace in 2024 than previous years.

Click here to read the full article
Source: PV Tech

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

For 55 days in a row, electricity from solar, wind, and water power exceeded 100% of power demand on CA’s main grid for part of the day.

Solar passes 100% of power demand in California

,

California has been a leader in the installation of solar power plants and wind power plants for many years now (despite its recent anti-rooftop solar shift via “Net Metering 3.0”). That has led to more and more of its electricity generation coming from renewables. The trend has been going on for years, but there are a couple of recent developments that should really get people’s attention.

Record Solar Power in California Passes 100% of Power Demand

For 55 days in a row, electricity from solar, wind, and water (hydro) power exceeded 100% of power demand on California’s main grid for part of the day. Also, going back further, that has been achieved in 80 out of the last 87 days. That is since early March (International Women’s Day), late winter.

Click here to read the full article
Source: Clean Technica

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

Solar is the major driver of this energy transition. EIA said that solar will provide 41% more electricity in 2024 than in 2023.

Solar to contribute over 60% of new US electricity generation in 2024

,

The U.S. Energy Information Administration (EIA) released its Short-Term Energy Outlook report, forecasting that the total electricity generation capacity in the United States will increase 3% in 2024 and 1% in 2025.

“Renewable energy sources—chiefly solar—will supply most of that growth,” said EIA.

Solar, wind, and hydropower in 2023 combined for roughly 21% of electricity generation in the United States. EIA expects this figure to grow to 24% in 2025.

Solar is the major driver of this energy transition. EIA said that solar will provide 41% more electricity in 2024 than in 2023. EIA said the 19 GW of solar capacity added in 2023 and the over 37 GW expected this year account for the large jump in generation. In 2025, total solar generation is expected to grow another 25%.

Click here to read the full article
Source: PV Magazine

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

CA is being powered by more clean energy than ever before, breaking records & accelerating our progress towards a 100% clean electric grid.

California’s grid keeps setting new clean energy records

,

WHAT TO KNOW: California is being powered by more clean energy than ever before, breaking records and accelerating our progress towards a 100% clean electric grid.

SACRAMENTO – Heading into Earth Week, the state’s electric grid racked up a series of accomplishments never before seen in California history. By bringing on more sources of clean electricity and diversifying the state’s energy portfolio, clean energy has been exceeding the demands of nearly 40 million people and the world’s 5th-largest economy.

EXCEEDING DEMAND WITH 100% CLEAN ELECTRICITY: During 31 of the past 43 days, clean energy exceeded grid demand consumed at a point during the day; that’s compared to only seven days all of last year. And, it was only two years ago in May that California first even momentarily met demand with 100% clean energy.

Click here to read the full article
Source: CA.gov

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.