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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...

The European Investment Bank has said it will provide a 10 million euro ($10.5 million) loan for residential solar system projects installed in the West African country of Benin.   French energy giant Engie will deploy 107,000 residential solar systems in Benin through the loan provided by the European Investment Bank. The lenders say the funds will provide electricity to 643,000 people.   These home users will use the...

The U.S. Energy Information Administration (EIA) said recently that U.S. solar panel shipments in 2021 jumped 32% to 28.8GW ,compared to 21.8GW in 2020, it's a new record. The demand for solar panel in U.S. market is booming.The U.S. Energy Information Administration (EIA) noted that U.S. solar panel shipments include imports, exports, and domestic production and shipment. Significantly, about 80% PV modules are imported from Asia.The...

According to a study, the market size of tracking brackets for solar market is expected to grow at a CAGR of 16.3% during the forecast period from 2021 to 2028, from USD 18.9 billion in 2021 to 2028 of $54.23 billion.   The increase in CAGR is due to the rapidly growing demand for tracking stents, which is expected to return to pre-pandemic levels once the...