The U.S. state’s latest report shows that it has beat its 2020 target for emissions reductions four years early, mostly thanks to more renewable energy.
UN delegates are meeting in New York to negotiate further realization of the Sustainable Development Goals. One of the goals is to ‘Ensure access to affordable, reliable, sustainable and modern energy for all.’ And Bloomberg NEF argues that thanks to new technology this goal is more feasible than ever, and that delegates should focus on building financial and regulatory frameworks to enable large scale micro-grid development.
The state’s environmental department has participated in a study which calls for the state to increase installed solar 36-fold, to reach 10% of all generation by 2030.
The German PV home storage provider delivered around 1,500 solar batteries globally last month. At around 75%, most systems went to Germany, Austria and Switzerland.
GTM Research says the 10% tariffs that the Trump Administration is calling for are “significant”, and some companies and sectors will be affected more than others.
In the wake of the U.S.-China trade dispute, the Chinese government has loosened its policy on ownership caps for factory sites for foreign car brands. Previously, car companies could only retain 50% of the ownership of a factory and had to set up a joint venture with a Chinese partner. By setting up shop in China, Tesla can avoid import duties on its cars, to cater to a broader customer base.
A team of scientists at the University of Kansas has developed a method to boost the lifetime of excited electrons in graphene, a development which the team alleges could lead to the development of highly efficient, ultrathin solar cells.
As the trade war escalates, PV inverters, solar panels with attached microinverters and battery storage products other than those which utilize lithium-ion chemistry, may be the latest victims.
As more states adopt ambitious renewable power and storage targets, hopes increase for continued market opportunities beyond the ITC. In the mid-term, the overall market opportunity is clear. At IHS Markit, we project 73 GW of solar PV systems will be installed in the United States from 2018 to 2022.
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