News of Year:
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IRS releases guidance on domestic content requirements for renewables under the IRA
2023-06-20The US Department of Treasury and Internal Revenue Service (IRS) have released guidance pertaining to the domestic content bonus included in the Inflation Reduction Act (IRA); solar PV projects will need to meet requirements for both their PV and the -
Vietnam to develop rooftop solar for onsite consumption as part of approved energy transition plan
2023-06-20The Vietnamese government has approved a plan to develop renewable energy sources for electricity production, including building rooftop solar for residential and commercial premises.The plan aims to ensure national energy security and provide suffic -
Boom in prosumers could cause ‘death spiral’ in energy markets, but it doesn’t have to
2023-06-19An increase in strategic, self-generating renewable energy ‘prosumers’ in the energy market has the potential to lead to ‘death spirals’ for utilities, according to research from the Tokyo University of Science.Using mathematical modelling of markets -
European grid connectivity will need to double over next 15 years
2023-06-19Energy think has published a report into grid connectivity in Europe, and called on the continent’s transmission system operators to build grid infrastructure faster to meet Europe’s clean energy goals.The report, ‘Breaking borders: The future of Eur -
Through the roof: 49.5% of world’s PV additions were rooftop in 2022
2023-06-192022 saw the solar PV market enter a ‘new growth dimension’, where 239GW of solar capacity was added across the world representing two thirds of all new renewables capacity. which forecasts that strong growth will continue through 2023 and beyond.Chi -
Spain to generate over 50% of power from renewables in 2023
2023-06-19Spain will generate more than half of its power from renewable sources this year, according to Rystad Energy.In a recent study, Spain is on track to become the first of the top five European countries, including France, Germany, Italy and the UK, by -
US solar had best ever Q1 in 2023 as supply chain shackles start to loosen
2023-06-19The US solar industry had the most growth of any quarter in its history in Q1 2023, as delayed projects from 2022 came online and supply chain constraints showed signs of loosening.According to the US Solar Market Insight Q2 2023 report from Wood Mac -
EU to add 69GW renewables capacity in 2023
2023-06-19The EU will add 69GW of solar and wind capacity in 2023, representing a 17% increase year-on-year according to the latest report presenting the REPowerEU plan’s progress one year after its launch.The EU report cited statistics from Eurostat and Solar -
Solar PV leads global new renewables additions in 2023
2023-06-19Solar PV additions have seen significant increase over the past few years, while it is also leading the increase in new renewable capacity worldwide this year, according to the International Energy Agency’s latest report Renewable Energy Market Updat -
Agrivoltaics can mitigate effects of drought
2023-06-07A new study by the University of Hohenheim shows that shading from PV systems can improve agricultural yields, especially in dry periods, but additional research is needed.Agrivoltaics can mitigate the effects of drought on plant-based food productio