Photovoltaic power generation (PV) is a technology that converts light energy directly into electric energy by using the photogenerating volt effect of semiconductor interface.
US utility-scale solar deployment is set to reach a record 22GW this year, with the technology accounting for almost half of the new generating capacity due to be added to the power grid from 2022 to 2023.
Installed rooftop solar capacity globally is on track to increase 61% between 2021 and 2025 as policy support encourages deployment and homeowners look to mitigate high electricity prices.
Italian independent power producer (IPP) ERG will scale up its European PV portfolio as it aims to almost double its installed renewables capacity in the next five years.
Solar, wind and energy storage will do much of the heavy lifting in decarbonising the energy sector, with fossil fuel assets left stranded, however time is running out to realise that shift and limit global warming.
Germany’s government is planning to slash red tape for new renewables projects as part of a new package of measures that will see the country’s already ambitious solar deployment targets be raised even further.