Greetings to all solar enthusiasts and green energy advocates! Today we dive into some of the recent developments that are propelling the solar industry forward. This time, we go beyond just looking at solar panels for your home, to examine different aspects such as the associated policies, the solar market growth, solar financing, and even the growing trend of solar array for home installations.
Recently, the Energy Department revealed plans of investing heavily into clean energy’s future. The proposed plans aim to improve areas like electric vehicles and the reliability of their charging, boosting production of U.S-made batteries, modernizing the power grid, and reducing the carbon footprint of federal buildings. With these initiatives, the government brightly illuminates the path towards a more sustainable tomorrow.
When talking about solar, it’s easy to imagine those gleaming panels on rooftops, but did you know solar installations could serve as a possible sanctuary for insects? This might seem an unusual connection, but habitat-friendly solar has been proven to boost insect populations and even enhance pollination in adjacent agricultural fields. It’s a proof of how diverse the benefits of solar can be.
On the financial side, steps are being taken to ensure that the remarkable benefits of solar power don’t remain an exclusive preserve of the rich. Training is being provided for community-based lenders on climate finance. This approach is aimed at expanding clean energy accessibility by offering climate financing to low-income and underrepresented communities.
According to WoodMac, a research firm, the global PV growth is predicted to remain strong yet flat until 2032. This implies the solar industry has reached a stable phase, projecting roughly 350 GW of global solar installations annually for the next eight years. These figures further emphasize the crucial role solar companies and solar technology will play in our energy future.
Moreover, the Saskatchewan First Nation, showing their environmental commitment, signed a power purchase agreement (PPA) for a $200 million solar project. This new 100 MW solar project stands as one of the largest in Canada, highlighting the growing strength of solar power and the increasing determination of various organizations to join the clean energy revolution.
Before we wrap up our update, it’s essential to highlight some of the ongoing developments in distributed solar and storage policy trends in the USA, as tracked by the NC Clean Energy Technology Center. Comprehending these trends will inherently influence decisions made by solar companies and anyone considering solar panels for their home.
That concludes our energy news round-up for now. There are promising strides being made in all sectors of clean and renewable energy. As always, our focus remains on tracking the exciting developments in the world of solar energy. Enjoy the ride, whether you’re a seasoned solar professional or someone considering a solar array for home use!
Original Article: https://pv-magazine-usa.com/2024/01/25/sunrise-brief-many-states-transition-away-from-net-metering/
