Hello Sun-lovers! Today, I am thrilled to share with you the latest solar industry trends better clarifying the inexorable growth of renewable energy resources, especially in the area of solar power. It seems the world is finally catching up to the benefits of installing solar arrays for your home and beyond.
Accompanied by wind and battery storage, the significant role of solar is evident with nearly 95% of transmission interconnection queues capacity by the year’s end 2023 being claimed by these renewable resources, according to preliminary data from the Lawrence Berkeley National Laboratory (LBNL). Did you ever imagine seeing such figures even a decade ago?
To give you an idea, a staggering 1086 GW worth of solar projects were awaiting transmission interconnection by the end of 2023. Moreover, standalone storage also amounted to a hefty 503 GW, pointing at a global paradigm shift towards clean energy sources. With increasing solar companies and hybrid projects like solar-plus-storage showing promising growth, you might start considering installing solar panels for your home sooner than planned.
But the story doesn’t end here. The end of 2023 witnessed a mighty four-fold increase in pending transmission interconnection requests since 2019. With a total of 11,841 requests pending, we saw a 16% uptick since the end of 2022, reflecting a booming global demand for solar power. This is a tantalizing glimpse of the potential that energy shift holds – not just for solar companies but for individuals seeking to go solar as well!
This shift isn’t just about boosting solar company revenues; it’s aligned with the broader issue of meeting renewable generation requirements set by state regulators, notably in places like California. Grid operators are identifying and evaluating a slew of projects that can only spell more exciting times ahead for one and all in the solar sector.
Encouraging as this may be, keep in mind that going solar isn’t simply about tapping into an inexhaustible energy source. It is as much about bringing a transformative change to your home and community. With the growth of solar and storage projects around the world, solar panels for your home are not just a possibility, but are becoming a norm.
So whether you are an energy enthusiast or someone exploring cost-effective and sustainable alternatives to conventional energy sources, the future of power lies in solar. Remember, it’s not just about making a switch. It’s about empowering your home with the brilliance of solar. After all, isn’t it time to harness the sun’s power and light up the way to a greener future? Keep shining with solar!
Original Articlehttps://pv-magazine-usa.com/2024/03/26/1100-gw-solar-and-1000-gw-storage-now-await-transmission-interconnection/
