U.S. solar energy capacity could soon overtake wind power.
According to a review conducted by the SUN DAY Campaign, solar energy has experienced rapid growth in electrical generation and new generating capacity in the United States during the first three quarters of 2023. Data from the Federal Energy Regulatory Commission (FERC) and the U.S. Energy Information Administration (EIA) reveals that solar accounted for 42.4% of new domestic generating capacity, adding 9,924 MW of power.
This represents a significant increase of 32.8% compared to the same period last year. Solar additions surpassed those of natural gas, nuclear power, oil, and waste heat. Additionally, wind energy contributed 13.1% of new capacity, while other renewable sources accounted for 56.7% of new capacity. In September alone, 24 new solar units were added, totaling 881 MW.
These additions brought the share of utility-scale solar (capacity exceeding 1 MW) in the total installed generating capacity to 7.3%, up from 6.1% the previous year. Although solar still trails wind in terms of total installed generating capacity, it is closing in on hydropower. The projections from FERC indicate that solar will continue to grow significantly in the coming years.
The forecasted additions of solar between October 2023 and September 2026 are estimated to reach 85,657 MW, surpassing wind and natural gas additions. This suggests that solar could account for more than one-eighth (13.1%) of the nation’s installed generating capacity by late summer 2026.
Sources:
Michigan becomes 12th state to commit to 100% clean energy.
The recent legislation signed by Governor Gretchen Whitmer in Michigan sets a significant milestone for clean energy. The state has established a requirement for utilities to source all of their electricity from carbon-free sources by 2040, along with other clean energy goals.
These include increasing the percentage of electricity generated from renewable sources to 50% by 2030 and 60% by 2035, implementing an energy storage standard, raising caps on distributed energy sources, and promoting electric utility energy efficiency savings.
Michigan’s commitment to clean and renewable energy reflects its dedication to innovation and leveraging new technologies for a sustainable future. With abundant wind and solar resources, the state is well-positioned to tap into its renewable energy potential.
Michigan joins other states in the pursuit of 100% clean or renewable energy, demonstrating the growing momentum towards a healthier and safer future powered by clean energy.
Sources: Michigan
Viridi Expands Sustainability Efforts with Industry Leader Evan van Hook.
Viridi, a developer of fail-safe battery technology, has appointed Evan van Hook as its Chief Sustainability Officer. This newly created role aims to advance the company’s core values and have a positive environmental and societal impact in the communities where its products and services are developed and deployed.
Van Hook brings extensive experience, having previously served as Honeywell’s Chief Sustainability Officer for two decades. During his tenure, he led the company’s efforts in health, safety, environment, product stewardship, and sustainability, resulting in a significant reduction in greenhouse gas emissions. He has been recognized as one of the world’s most influential executives in the field of ESG and a global sustainability thought leader.
Viridi CEO Jon M. Williams expressed excitement about Van Hook joining the team and leading sustainability efforts. Van Hook’s knowledge and experience will contribute to the company’s mission of innovating the future of power. He is also involved in environmental advocacy and has taught international environmental law.
Van Hook expressed his enthusiasm for joining Viridi and contributing to the company’s commitment to environmentally friendly solutions and sustainability leadership. He holds a law degree from Yale Law School and has a background in environmental law and policy.
Overall, Viridi aims to be a leader in the energy revolution by developing safe energy storage methods and providing sustainable solutions for the future. With Van Hook-on board, the company is poised to further expand its commitment to sustainability.
Sources: Viridi
European Wind Power Package’s Success Hinges on Concerted Effort – K2 Management
The introduction of the European Wind Power Package is seen as a crucial moment for the renewables sector in Europe, which has faced challenges in recent years. However, there are still significant hurdles to overcome. Cristina Fernández, Country Director and Director for Sales at K2 Management, points out three key observations: the lack of clarity in some measures, uncertainty in addressing industry challenges, and implementation challenges across member states.
While the package includes fifteen actions aimed at supporting the wind industry and extending its impact to other sectors, some measures lack specificity and remain open to interpretation. It is essential to effectively coordinate these initiatives across member states and address the industry’s specific needs.
Investor caution is growing due to high costs, ambitious capacity targets, and variable regional regulations. Recent failures in auctions and policy decisions raise concerns about the industry’s ability to control costs and navigate policy challenges.
Communication and financial stability are identified as crucial issues. Clarity is needed for offshore wind projects in the Nordics, while ongoing price fluctuations impact investment returns. The Wind Power Package introduces strategies to address these issues but falls short of providing a comprehensive solution.
Cross-industry coordination is necessary to standardize existing platforms and optimize turbine reliability and supply chain costs. Achieving ambitious clean energy targets requires active cooperation from all stakeholders in the industry.
In summary, while the European Wind Power Package is a positive step, further efforts are needed to ensure clarity, stability, and alignment of interests.
Sources: The European Wind Power
KSI completes 4.4-MW New Jersey community solar portfolio.
Kendall Sustainable Infrastructure (KSI) has completed four new community solar projects in Pennsauken and Moorestown, New Jersey, which serve 686 households and have a total capacity of 4.4 MW. The projects were carried out in partnership with Monarch Private Capital, Advanced Solar Products, Independence Solar, and Arcadia.
Monarch Private Capital provided financing to the projects, while Arcadia will manage the households that benefit from the projects. The projects are also part of the Pilot New Jersey Community Solar Program run by the New Jersey Clean Energy Program (NJCEP) and are located on the roofs of warehouses owned by Lyons & Sons.
The economic benefits of the power are going to local households, with over half of those benefiting from the energy savings being low- and moderate-income electricity customers.
Sources: Kendall Sustainable Infrastructure (KSI)
Vestas Secures 239 MW Order for V163-4.5 MW Wind Turbines in the USA
Vestas, a leading wind turbine manufacturer, has secured a 239 MW order to provide wind turbines for an undisclosed project in the USA. The order includes 53 V163-4.5 MW wind turbines, which will be supplied, delivered, and commissioned by Vestas. Additionally, the agreement includes a multi-year service agreement called Active Output Management 5000 (AOM 5000), aimed at maximizing the performance of the wind turbines.
The delivery of the turbines is set to commence in the fourth quarter of 2024, with commissioning scheduled for 2025. This project signifies Vestas’ continued presence and contribution to the renewable energy sector in the United States.
By utilizing Vestas’ advanced wind turbine technology and comprehensive service agreement, the undisclosed wind project aims to optimize its energy generation and ensure efficient operation throughout its lifespan.
Sources: Vestas
TotalEnergies Awarded a 25-year Contract to Supply 1.4 GW of Renewable Electricity to New York
TotalEnergies, together with Corio Generation and Rise Light & Power, has been awarded a 25-year contract by New York State to supply 1.4 GW of renewable electricity through their Attentive Energy One project. The project aims to be commissioned in 2029 and focuses on local content, including the construction of a General Electric facility for manufacturing offshore wind components and $300 million in community-focused investments.
The Ravenswood gas-fueled power plant owned by Rise will also be transformed into a clean energy hub in New York City. The project’s profitability is ensured through guaranteed OREC revenue, tax credits, secured grid access, and competitive turbine prices.
TotalEnergies aims to achieve a 12% Integrated Power profitability target and generate over 100 TWh of power by 2030. This project contributes to New York State’s greenhouse gas emissions reduction targets and will provide clean electricity to homes and businesses.
Sources: TotalEnergies
PearlX starts construction on multi-family solar portfolio in California.
PearlX has announced the installation of large-scale rooftop solar systems at two multi-family communities in Central California. The solar systems will benefit the 800 residents living in these communities, providing them with discounted power without any upfront costs. Through the PearlX solar program, the company will finance the entire system, and building owners will receive lease payments from PearlX, leading to increased cash flows.
The installations will utilize California’s Virtual Net Metering program, allowing the solar generation at the communities to be credited to the residents’ utility accounts. PearlX aims to deliver clean energy to over 25,000 apartment renters in California by 2025 and contribute $500 million in community-based capital investment. These installations mark another step towards achieving their ambitious goals and promoting sustainable energy solutions in the state of California.
Sources: PearlX
CIS—a Calming In (electrical) Storms?
It is important to carefully examine the recently announced Capacity Investment Scheme (CIS) by the Commonwealth Government before drawing any conclusions. The transition to 82% renewables by 2030, which the CIS aims to support, presents challenges that require thorough analysis.
This article highlights some basic concepts in electrical engineering that suggest the need for more detailed information about the scheme. It is reasonable to question whether the CIS has sufficient engineering foundations, similar to the previous Underwriting New Generation Investments Program (UNGI) implemented by the Morrison Government, which aimed to prolong the lifespan of coal-fired generation.
To ensure the success of renewable energy transitions, it is crucial to have comprehensive and well-designed schemes that address technical aspects and align with long-term sustainability goals.
Sources: CIS
Saipem secures $1.9bn contracts offshore Guyana and Brazil
Saipem, a global leader in engineering and construction, has secured two offshore contracts worth $1.9 billion. The first contract, awarded by ExxonMobil Guyana, is for the Whiptail oilfield development in the Stabroek block offshore Guyana. Saipem’s scope of work includes designing, fabricating, and installing subsea structures, risers, flowlines, and umbilicals for a large subsea production facility.
The second contract, awarded by Equinor, is for the Raia project located offshore Rio de Janeiro in Brazil. Saipem will be responsible for the offshore transport and installation of a subsea gas export line and associated equipment, as well as horizontal drilling activities for the shore approach.
Saipem will utilize its advanced vessels, including FDS2, Constellation, and Castorone, for these projects. The company’s Guyana Offshore Construction Facility at the Port of Georgetown will serve as a key fabrication site for the Guyana project, supporting sustainable growth in the country.
These contracts reinforce Saipem’s competitiveness in bidding processes and highlight their ability to build long-term partnerships based on consistent performance. The projects also enhance Saipem’s asset utilization visibility until 2027.
Sources: Saipem
Solar Steel and Smart Solar Technologies sign a 90 MW solar tracker project in Türkiye.
Solar Steel, a leading supplier of solar trackers and fixed structures, has recently secured a new project in Turkey. The project, called ‘Deski’, is located in the Denizli province and has a capacity of 90 MW. It is a collaboration with Smart Solar Technologies and signifies the commitment of both companies to sustainable solar energy development in Turkey.
Under the Deski project, Solar Steel will supply 3,495 TracSmarT+ 1V single-row solar trackers, which will support over 160,000 solar modules. This contribution is a significant step towards the growth of the solar sector in Turkey and reinforces Solar Steel’s position as a reliable and dedicated partner in the country.
Turkey is an important market for Solar Steel, and their local manufacturing center, Çepas Gonvarri Industries, has been instrumental in producing structures for more than 55 solar energy projects in the country. This new project further strengthens Solar Steel’s presence and commitment to supporting Turkey’s renewable energy goals.
Sources: Solar Steel and Smart Solar Technologies
WILOC releases software to speed up solar commissioning.
WILOC has announced a comprehensive set of digital tools aimed at accelerating the commissioning of solar plants by 25% and ensuring a consistent and increasing production of sustainable energy. Their SaaS Cloud Platform and On-Site Apps enable project owners to track the progress of each solar panel during assembly, ensuring proper installation and maintenance.
WILOC’s IoT solutions provide real-time asset monitoring and preventive maintenance, enhancing overall plant performance. These digital technologies not only optimize solar installations but also contribute to the resilience and reliability of the energy grid, supporting a more efficient and sustainable energy transition in the United States.
Sources: WILOC
Waaree Energies Supplies 850 MW Solar PV Modules to Acciona Energia for Four Projects in Texas, Ohio and Illinois
Waaree Energies Limited has supplied 850 MW of solar PV modules for four major solar projects in the US, developed by Acciona Energia, a leading renewable energy company from Spain. The companies have also signed a three-year agreement for Waaree to supply an additional 1.5 GW of solar modules to Acciona for future US projects from 2024 to 2026. The delivered solar PV modules included Waaree’s monocrystalline passivated emitter and rear cell panels.
These deliveries have brought Waaree’s total supply of solar modules to customers in the United States to over 4 GW in 2023.Waaree delivered the modules ahead of schedule, enabling Acciona to meet its project timelines. The modules underwent thorough internal and third-party quality testing to ensure product quality and performance.
Both companies expressed their satisfaction with the partnership and their commitment to advancing sustainable energy solutions. The US solar market has been experiencing significant growth, and solar is expected to play a crucial role in the country’s clean energy transition.
A celebratory event was held to mark the successful completion of the 850 MW solar PV module supply, attended by representatives from Waaree Energies and Acciona Energia.
Sources: Waaree
Altano Energy and Exus Collaborate on Dual 64MW Spanish Solar Plants Exceeding 83,000MWh.
Altano Energy has successfully connected two new solar plants in Puertollano, Ciudad Real, generating a total of 83,230 MWh of energy. These plants mark Altano Energy’s entry into photovoltaic projects and complement their existing hydroelectric generation portfolio. Altano Energy is actively developing wind, solar, and hybrid projects as well.
Exus Management Partners played a crucial role in overseeing the construction, grid connection, and operation of these projects. The plants have exceeded expectations, achieving an impressive 83% performance index. Altano Energy’s COO expressed pride in this milestone and highlighted the strategic significance of the Puertollano projects.
The collaboration between Exus and Altano Energy contributes to Spain’s renewable energy sector and aligns with the country’s goal of reaching 160 GW of renewable energy capacity by 2030. The projects also demonstrate the leadership of the Castilla-La Mancha community in Spain’s PV power and their commitment to clean energy.
Sources: Altano Energy and Exus Collaborate
Solar Alliance Achieves First Profitable Quarter in Company’s Commercial Solar History with $975,000 Net Income in Q3
Solar Alliance Energy Inc., a leading solar energy solutions provider, has reported its unaudited financial results for the three- and nine-month period ending September 30, 2023. The company achieved a net income of $975,712 in the third quarter, a significant improvement compared to the same period last year. This positive result was attributed to Solar Alliance’s focus on larger, higher-margin commercial solar projects and effective cost control measures.
With revenue of $2,410,725 and a gross profit of $1,487,791, the company demonstrated improved financial performance. Solar Alliance maintains a contracted backlog of projects valued at approximately $5.4 million, supporting continued revenue growth. The company remains committed to profitability and plans to target larger customers and explore corporate growth opportunities.
Solar Alliance has also commenced construction on various projects and launched the Solar Alliance Affiliate Program to expand its market reach. With its strong financial performance and strategic approach, Solar Alliance is well-positioned for success in the commercial solar sector.
Sources: Solar Alliance
