The cost of building and operating new utility-scale PV is now cheaper than running existing coal plants in China, India and across much of Europe. However, rising commodity prices could see PV projects become temporarily more expensive in the second half of 2021, according to BloombergNEF analysis.
Annual investment in solar and wind generation in the Asia Pacific region could double to US$1.3 trillion by 2030 compared to the previous decade, with policy targets and cost declines boosting growth, according to research firm Wood Mackenzie.
One-third of utility-scale solar set to come online in the US in the next two years will be in Texas, as the state catches up with California, according to new figures from the country’s Energy Information Administration (EIA).
Despite additional solar and wind contributing to a record reduction in global coal generation last year, new renewable energy projects are still not being built quickly enough to keep pace with rising electricity demand.
The UK is witnessing an acceleration of its subsidy-free solar build out, just as the country’s pipeline of utility-scale projects observed a record month for additions.
Generation from renewables in the UK soared in the first quarter of 2020, official statistics show, as the country’s shovel-ready renewables pipeline continued to grow rapidly.
The world's utility-scale solar EPC contractors are thriving in the least volatile PV markets such as India and the US, according to figures released by Wiki-Solar.org.
Pretty much everything that could go wrong for Indian solar in 2018, did go wrong, but 2019 will be brighter, according to the 'India Solar Compass Q4 2018' report from Bridge to India.
