Total U.S. solar module manufacturing capacity grows by 71% in Q1 2024 According to the U.S. Solar Market Insight Q2 2024 report, solar module manufacturing production capacity increased by over 11 GW.
World’s largest solar plant goes online in China China Green Development Group has switched on the 3.5 GW Midong solar project in Urumqi, China’s Xinjiang region. The project required an investment of CNY 15.45 billion ($2.13 billion).
U.S. commercial real estate to host VPP-connected flywheels and batteries U.S.-based technology provider Torus has agreed to supply nearly 26 MWh of energy storage for Gardner Group’s commercial real estate portfolio. The project will integrate battery and flywheel energy storage systems (BESS, FESS) with Torus’ proprietary energy management platform.
Solar panel import tariffs are affecting the industry by increasing prices by up to 286% Clean Energy Associates released a summary of the seven solar module trade policies and solar panel import tariffs currently in place, including AD/CVD rulings, Section 201/302, and the Uyghur Protection Act. These tariffs have significantly increased, or will increase, the cost of hardware imports into the United states – predominantly from China, but not exclusively – by 91% to 286%.
IEA urges countries to accelerate renewables deployment A new report from the International Energy Agency (IEA) suggests that the world could miss out on a target of 11,000 GW of global renewables capacity by the end of the decade, as agreed at COP28. It also predicts that solar will become the world’s largest source of installed renewable capacity, surpassing hydropower.
California bill amends ruling that gutted value of solar for multi-meter properties If approved, SB 1374 would give schools, farms, apartments and other multi-meter properties “the same treatment” as single-family homes in solar crediting and billing structures.
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