United States

Sunpower secures a $300 million bridge to pay off loan certificates

The financially troubled PV maker has secured a last-minute line of credit to repay Total and other lenders, as it burns through cash.

University of Texas develops new solar system integrating energy generation and storage

Researchers at the University of Texas have been awarded $3 million by the Texan Department of Energy in a bid to accelerate research in battery storage technology to overcome the “Achilles heel” of solar power

Soltec to launch world’s first bifacial tracking evaluation center

Spanish manufacturer of horizontal single-axis solar trackers Soltec, together with Black & Veatch and the Renewable Energy Test Center, have created a new evaluation center in Livermore, California. The inauguration will take place on July 9

Solar quadruples in big US capacity auction as electricity price soars

Unit cost of power is set to almost double for around a fifth of the US population in three years’ time as abandonment of all-of-the-above Obama strategy sees fewer generators participate in PJM capacity auction

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PV leading the charge to low-emission future says IEA

With 34 of the 38 key technologies needed to hit the Paris Agreement’s best-case scenario falling short, PV and electric vehicles are keeping hopes alive

Sonnen secures €60 million investment from Shell Ventures

Germany-based PV-storage provider sonnen has closed a new funding round from a group of investors led by Shell Ventures. Sonnen has already began to draw on the funds as it continues to expand market shares in the U.S. and in Australia. Shell Ventures is now a major sonnen investor and future cooperation agreement has been agreed to.

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US: Rush to gas risks hundreds of billions in stranded assets

A new report by Rocky Mountain Institute finds that gas plants proposed across the United States over the next 15 years could be replaced by clean energy portfolios at a net savings, and that these projects are at risk of becoming stranded assets.

Are the big Chinese powerhouses coming to America?

In the face of actual and threatened tariffs in the US and India, the world’s biggest solar manufacturers may have to set up shop in the protectionist nations in question ahead of a predicted cooling in their home market

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BNEF: Electric vehicle sales expanding rapidly, e-buses to dominate by 2030

Bloomberg New Energy Finance says EVs will make up 44% of all new vehicle sales in Europe by 2030, 41% in China, 34% in the US and 17% in Japan. India trails with only 7% forecast. Buses, globally, will go electric at great pace.

The unstoppable tide of solar illustrated by the rise of floating projects

Price deflation and technological innovation are helping solar transform the global electricity sector. A new report by IEEFA highlights the latest solar milestones around the world and charts important trends including the rise of floating solar and the corporate PPAs helping the tech giants ‘green’ their energy-hungry data centres.

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