News
U.S. and China set to add almost 600 GW of capacity this decade but risks to deployment exist, says new Fitch Solutions report
PV-Tech – December 7
The U.S. and China will account for a combined 57% of total forecasted solar capacity additions through 2030, with the countries adding 151.3 GW and 436.9 GW of solar capacity, respectively, according to Fitch Solutions’ latest Solar Power Investment Hotspots report. The U.S. is set to remain the second largest solar market behind China, with solar’s share of the power mix increasing from 3.3% today to 9% by 2030.
PG&E sees rise in utility-led community microgrids with tariff change
Microgrid Knowledge – November 30
Pacific Gas & Electric (PG&E) sees more opportunity for community microgrids in its service territory with the California Public Utilities Commission’s approval last month of a utility tariff update. Before the tariff change, community microgrids could be built only in areas designated by the commission as high fire threat districts. Now communities anywhere in PG&E’s service area can pursue a microgrid, according to the utility.
California CCAs issue $2 billion in bonds to buy 30 years of renewable energy upfront
Utility Dive – December 7
Three community choice aggregators (CCAs) in California issued $2 billion in bonds to pay upfront for about 450 MW of renewable energy over 30 years. The bonds are expected to reduce renewable power costs by $7 million a year in the first 5 to 10 years for MCE, East Bay Community Energy, and Silicon Valley Clean Energy, according to an announcement released Monday.
NREL offers U.S. power sector scenarios with grid impacts and uncertainties
Solar Industry Magazine – December 2
The National Renewable Energy Laboratory‘s (NREL) 2021 Standard Scenarios Outlook is a suite of annually released future scenarios for U.S. power sector evolution through 2050. The release includes 50 scenarios capturing a wider range of possible decarbonization pathways than previous years. Model results show increased requirements for emissions reduction result in greater renewable energy deployment, particularly for solar photovoltaics and wind, with some scenarios deploying over 1 TW of solar and 800 GW of wind.
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