COULD 2021 BE A BUMPER YEAR FOR US SOLAR?
Despite Covid-19, 2020 saw 115 GW of new solar deployed globally and the US solar industry installed 19.2GW. The majority of that US figure was utility scale solar (14 GW, up from 8.4 GW in 2019). The overall figure for both utility and residential showed an increase of 43% on 2019 figures, even beating the 2016 high of 15.1 GW. Some projects were postponed until 2021, meaning the industry is on track to another stellar year of growth.
A YEAR OF OPPORTUNITY AND CHALLENGES
Rising raw materials prices and grid congestion pose questions for the industry and the summit will bring a fantastic speaker panel together to solve these. We will also discuss the benefits of higher-efficiency modules, how to utilize trackers and data to maximize yield across a portfolio, how companies are minimizing risk on merchant projects, how changing contracts are exposing companies to more merchant risk, the huge opportunities in both the residential and community energy sectors and a state-by-state analysis of where the industry can find new opportunity. We will, of course, also assess the collocation of solar PV and energy storage and dig into project economics and the methods companies have chosen to make these viable.
7.5 GW ANNUAL STORAGE INSTALLATIONS BY 2025?
When it comes to storage, the US market exceeded a gigawatt of advanced energy storage installations (weighted towards lithium ion) at 1.46 GW, more than the previous six years in total! An exponential growth rate could see the market hit 7.5 GW p.a. by 2025. The summit will provide a wealth of content around this vital piece in the US power puzzle, with sessions dedicated to explore how companies are making money from batteries, the latest chemistries and their applications as they apply to different use-cases. We ask how investors can match ESG criteria to batteries and we will bring case studies of successful deployment onto the virtual stage to examine how you can ensure your own projects are successful.
FIRM GOVERNMENT COMMITMENT TO THE SECTOR AND CORPORATE RENEWABLE ENERGY SOURCING WILL DRIVE GROWTH
US President Joe Biden has included a 10-year extension for the Investment Tax Credit for both clean power generation and energy storage as part of a US$2 trillion infrastructure investment plan. Whilst it remains to be seen whether that plan can pass, the commitment to take action is firm, as it is at a state level for many regions. Corporate energy buyers and large scale public sector energy users will also drive growth as they look to clean power for their operations.
The future is bright for a new era of US solar and storage, and the 8th annual Solar & Storage Finance Summit will provide opportunities to discuss solutions to the industry’s challenges and provide a networking platform designed to bring together the top minds in the industry to do business. With a mix of high-level, informative presentations and panels, a stellar cast of speakers and audience members with deal-making capacity, the 2021 edition of the event will be a sell-out success.
To get the best idea of what our event will look like, take a few minutes to read over our Sponsorship brochure.
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NextEra Energy Resources has revealed plans to add as much as 30GW of renewables to its portfolio by the end of 2024, as it continues to build its extensive backlog of projects.
Having deemed yesterday “Climate Wednesday”, US President Joe Biden signed a raft of Executive Orders designed to ratchet up the US’ efforts to combat climate change and accelerate the growth of its domestic renewables sector.
Lightsource BP has closed a US$380 million financing package for two Texan solar projects with a combined capacity of 316MW.
A round-up of the latest news from the US solar market, including updates from NovaSource, SEIA, Borrego and Primergy.
Residential solar loan provider to list on New York Stock Exchange in deal valued at US$1.3 billion.
The US clean energy industry ended last year with the fewest number of workers since 2015, as impacts of the coronavirus pandemic mean 12% of the sector’s workforce is unemployed.
In clinching control of the Senate, the Biden administration can now unleash green policies unobstructed. Liam Stoker looks at what the solar industry has requested, what’s been delivered and what may still prove a stretch too far
Biden takes office in January, but the “whole picture changes” if the Dems can take the Senate. Liam Stoker looks at the impact a Democrat victory in the forthcoming Georgia run-offs could have.
Unlike other solar conferences, proceeds from the event help to fund high quality journalism across our media titles.
This supports the growth of the solar and storage industries as well as the transition to a cleaner power system.
