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Month: August 2023

WoodMac predicts 270 GW of new global PV capacity in 2023

From pv magazine global Wood Mackenzie forecasts that newly installed PV capacity will reach approximately 270 GW throughout the world this year. This projected growth, if confirmed by final figures, will indicate a substantial 33% increase from 2022. The research firm predicts a 1% year-on-year expansion in the global solar market for 2024, followed by …

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LevelTen Q2 PPA Price Index report shows signs of stabilizing in solar

LevelTen Energy’s recently released Q2 2023 PPA Price Index report shows that solar prices began to stabilize — and decrease — for the first time since Q1 2020. One exception is with ERCOT, which experienced some uncertainty after series of proposals in the Texas legislature. According to the report, North American P25 solar PPA offer …

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Renewable Properties closes $53.5M portfolio of community solar projects

Renewable Properties has closed its Fund 9 portfolio, which includes close to 22 MW of community solar and small-scale utility projects in California, Maine and North Carolina. The $53.5 million Fund 9 expands the developer’s relationships with tax equity investor SOLCAP and project lending partners 1st Source Bank and West Town Bank & Trust. Fund 9 includes five projects across the three states, …

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University of Pittsburgh powers engineering program with solar project

The University of Pittsburgh completed the installation of the first of several rooftop solar installations across multiple campuses. The 108-kW system is installed on the George B. Duke Engineering and Information Technologies Building on the Pitt-Bradford campus in Bradford, Pennsylvania. Now operational, it is expected to produce 116,500 kWh of electricity each year. Credit: University …

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The economics of solar grazing

A survey conducted by researchers at the University of Illinois, combined with prior research, details what solar grazers have purchased when building out their businesses and what they earn. Additional documentation highlights complex grazing business plans on large utility-scale solar facilities. August 3, 2023 Solar grazing, the practice of grazing livestock (typically sheep) on land …

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Sunrise brief: FERC reforms interconnection, speeding critical renewables delays 

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SolarEdge stock trades down despite record revenue in Q2

The company had strong performance in European residential and commercial markets, whereas the U.S. residential solar market wavered in Q2. August 2, 2023 SolarEdge Technologies, a specialist in smart energy solutions, provides solar storage, electric vehicle charging, batteries, electric vehicle powertrains, and grid services. In its Q2 2023 earnings call the company reported record revenues …

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FERC reforms interconnection, speeding critical renewables delays

Over 2,000 GW of generation and storage were trapped in interconnection queues. Wait times averaged five years. FERC introduced numerous reforms that will help mend this problem. August 2, 2023 On July 27, 2023, the Federal Energy Regulatory Commission (FERC) issued Order No. 2023, improving electric grid interconnection rules nationwide by setting firm standards and …

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SolarEdge stocks trade down despite record revenue in Q2

The company had strong performance in European residential and commercial markets, whereas the U.S. residential solar market wavered in Q2. August 2, 2023 SolarEdge Technologies, a specialist in smart energy solutions, provides solar storage, electric vehicle charging, batteries, electric vehicle powertrains, and grid services. In its Q2 2023 earnings call the company reported record revenues …

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Summit Ridge award B&W $20 million in community solar contracts

Summit Ridge Energy LLC has awarded $20 million in contracts to Babcock & Wilcox Solar Energy Inc. for the engineering, procurement and construction (EPC) of 25 MW of community solar energy projects in Illinois. Babcock & Wilcox Solar Energy (B&W), a subsidiary of Akron, Ohio-based Babcock & Wilcox Enterprises Inc., has successfully executed multiple projects …

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