Solar

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U.S. Lawmakers Seek to Block Chinese Firms From Solar Manufacturing Subsidy

(Reuters) – A bipartisan group of U.S. lawmakers on Wednesday introduced a bill that would block Chinese solar panel makers from claiming subsidies for their American factories. WHY IT MATTERS The American Tax Dollars for American Solar Manufacturing Act was introduced as some of the world’s largest solar panel producers, which are based in China, are …

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Trump Effect in Clean Tech Sector Deepens Angst in Europe’s Boardrooms

(Reuters) – European companies focused on clean energy are abandoning expansion plans, bracing for lower sales or see funding of U.S projects in doubt because of fears over what a potential election victory for Donald Trump could mean for their sector. Trump has dismissed President Joe Biden’s policies to fight climate change as a “green new scam” …

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The Top U.S. States for Renewable Power Generation Capacity

(Reuters) – California and Texas are the two largest producers of electricity from renewable power, and dominate most discussions about renewable energy generation in the United States. But several other states have developed far larger shares of renewable capacity within their utility-scale generation systems, and so draw a greater proportion of clean power in state …

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U.S. Solar Factory Outlook Hit by Supply, Demand Headwinds

By Neil Ford Industry Insight from Reuters Events, a part of Thomson Reuters. Summary A dependence on components from Asia, import tariff uncertainty and demand concerns have curbed plans for American solar factories. U.S. module factory capacity rose 11 GW in Q1 2024 as tax credits in the 2022 Inflation Reduction Act bore fruit, data …

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Many US Solar Factories are Lagging. Except Those China Owns

July 17 (Reuters) – Construction of U.S. solar-manufacturing plants by Chinese companies is surging, putting China in position to dominate the nascent industry, as other American factories struggle to compete despite federal subsidies. Chinese companies will have at least 20 gigawatts’ worth of annual solar panel production capacity on U.S. soil within the next year, …

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US Solar Panel Makers Seek Tougher ‘Made in USA’ Rules

July 17 (Reuters) – A group of U.S. solar manufacturers is calling on the Biden administration to toughen rules governing a tax credit for solar project developers that use domestically produced components, saying they can get the credit without using American solar panels. WHY IT’S IMPORTANT The Biden administration has sought to expand investment in …

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Renewables Growth Rate Insufficient to Reach 2030 Target, says IRENA

(Reuters) – The world risks missing a goal to triple renewable energy capacity by 2030 as the current growth rate is inadequate, a report by the International Renewable Energy Agency (IRENA) showed on Thursday. CONTEXT A U.N. climate change conference in Dubai last year set a goal of tripling renewable energy capacity worldwide by 2030 …

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U.S. Renewables Electricity Output Overtaking Nuclear

(Reuters) – Combined electricity generation from solar and wind farms in the United States surpassed output from nuclear plants for the first time during the opening half of 2024, cementing renewable energy assets as the primary source of clean power in the country. Electricity generation from utility-scale solar and wind assets during the first half …

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German Industry Turns to Solar in Race to Cut Energy Costs

Summary Industrial, commercial solar installations up 81% in early 2024 Energy savings and future price stability are key incentives Large rooftop solar subsidies tender bids up 107% y/y (Reuters) – For months, Philip Matthias tried to convince his father to install solar panels on their company’s roof in the eastern German state of Thuringia, aiming …

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The Key States Driving the U.S. Solar Power Boom

LITTLETON, Colorado, June 19 (Reuters) – California has long been the dominant player in the U.S. solar sector, but its share of national solar electricity output has fallen from 100% in 2003 to under 30% last year, data from the U.S. Energy Information Administration (EIA) shows. That rapid drop in California’s solar power share reveals …

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