News » renewable energy power

The Dutch government is planning to reduce the value-added tax (VAT) applied to PV systems used in residential applications from 21 to 0%.     “The measure will be part of the Tax Plan 2023 package and still needs final parliamentary approval,” Dutch solar analyst Peter Segaar said. “As the Netherlands has been a firm proponent of the decision of the European Commission to...

The German government continues to address the energy crisis by implementing tax breaks and measures to support small solar system. The tax relief is aimed at supporting PV systems under 30kW.   The new rules plan to start in early 2023, and any solar system operating on a single-family residential or commercial property with an output of up to 30kW will no longer be required to pay any income tax on the...

According to a report published by the U.S. Energy Information Administration (EIA) recently, U.S. solar panel shipments have increased from 21.8GW in 2020 to 28.8GW in 2021, it’s a new record.     Solar panel shipments include imported, exported, and manufactured domestically and shipped modules. Among them, about 80% of solar panel shipments in the United States in 2021 are imported photovoltaic modules, mainly from Asia.     The states with the largest U.S....

U. S. President Joe Biden has signed the "Reducing Inflation Act of 2022" recently that has been passed by the U.S. House and Senate. The bill addresses issues such as climate change, taxes, health care and inflation. The passage of this bill is a major development for the US energy industry.     The bill proposes spending $369.75 billion over the next decade on energy security and climate change...

According to the German transmission system operator, the market value of solar energy in Germany increased by 0.07 euros from June to July, reaching an all-time high of 0.026093 euros/kWh. Electricity spot market prices also rose sharply, rising almost €0.10 to €0.0315/kWh in July.       The market value of both onshore and offshore wind soared to €0.0278/kWh and €0.0287/kWh, respectively. This means that the...

U.S. solar prices rose 8.1% in the second quarter as a Commerce Department probe into tariffs on products from Southeast Asia and soaring input costs stalled solar projects.   According to the Quarterly Index of Renewable Energy Transactions, the increase resulted in a 29.7% year-over-year increase in the total price of wind and solar contracts, known as power purchase agreements (PPAs). Solar PPA prices...