Victory in the economic realm (increasingly the case with solar, solar-plus-storage and wind) is no guarantee of market victory if the regulations are stacked against renewables.
International thinktank IEEFA says there are 50 viable green hydrogen projects under development with an estimated renewable energy capacity of 50 GW and the potential to produce 4 million tonnes of the fuel annually.
The state has also awarded 614 MW of wind, and three of the 20 renewable energy projects commissioned are paired with energy storage. NextEra, Invenergy and EDF are each set to build solar projects larger than 100 MW.
The massive order follows the 2.75 GW supply deal the Chinese manufacturer signed with NextEra, as it deepens its presence in the U.S. market.
The U.S.-based power giant has announced that it is the mysterious counterparty that will be supporting JinkoSolar’s foray into U.S. manufacturing, and Jinko has revealed that its Florida factory will have a 400 MW annual capacity.
The supply deal with NextEra Energy Resources signals a radical shift in strategy for the struggling manufacturer and is the first major test of its novel module design.