Raptor Maps has released the sixth edition of its Global Solar Report, featuring data this year that it says demonstrates the underperformance of solar assets.
Drawing on data from a total 125 GW of PV systems, the report finds that global revenue loss due to equipment-driven underperformance last year reached $4.6 billion, and that power loss due to equipment anomalies on solar farms rose from 3.13% to 4.47% year-over-year.
“The world surpassed the 1 terawatt mark for global solar installations two years ago, and our sights are firmly set on the 10 TW milestone,” says Raptor Maps CEO and co-founder Nikhil Vadhavkar. “Our sector is foundational to meeting our climate goals of 1.5 degrees Celsius. Aenges outlined in our Global Solar Report to restore production, optimize asset management, and ensure the investability of the sector for years to come.”
“Owners and operators who are already working with digital twins of their sites can now leverage robotics and AI to tackle labor challenges directly impacting power production,” adds Eddie Obropta, CTO and co-founder of Raptor Maps. “We just launched a new AI tool, Instant Inspections, based on customer demand, which enables the detection and categorization of thermal anomalies 99% faster than conventional solar aerial inspections at C&I sites.”
The post Raptor Maps’ Global Solar Report Finds $4.6B Annual Revenue Loss appeared first on Solar Industry.
Raptor Maps’ Global Solar Report Finds $4.6B Annual Revenue Loss
Renewable Energy
ACORE Statement on Treasury’s Safe Harbor Guidance
ACORE Statement on Treasury’s Safe Harbor Guidance
Statement from American Council on Renewable Energy (ACORE) President and CEO Ray Long on Treasury’s Safe Harbor Guidance:
“The American Council on Renewable Energy (ACORE) is deeply concerned that today’s Treasury guidance on the long-standing ‘beginning of construction’ safe harbor significantly undermines its proven effectiveness, is inconsistent with the law, and creates unnecessary uncertainty for renewable energy development in the United States.
“For over a decade, the safe harbor provisions have served as clear, accountable rules of the road – helping to reduce compliance burdens, foster private investment, and ensure taxpayer protections. These guardrails have been integral to delivering affordable, reliable American clean energy while maintaining transparency and adherence to the rule of law. This was recognized in the One Big Beautiful Act, which codified the safe harbor rules, now changed by this action.
“We need to build more power generation now, and that includes renewable energy. The U.S. will need roughly 118 gigawatts (the equivalent of 12 New York Cities) of new power generation in the next four years to prevent price spikes and potential shortages. Only a limited set of technologies – solar, wind, batteries, and some natural gas – can be built at that scale in that timeframe.”
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ABOUT ACORE
For over 20 years, the American Council on Renewable Energy (ACORE) has been the nation’s leading voice on the issues most essential to clean energy expansion. ACORE unites finance, policy, and technology to accelerate the transition to a clean energy economy. For more information, please visit http://www.acore.org.
Media Contacts:
Stephanie Genco
Senior Vice President, Communications
American Council on Renewable Energy
genco@acore.org
The post ACORE Statement on Treasury’s Safe Harbor Guidance appeared first on ACORE.
https://acore.org/news/acore-statement-on-treasurys-safe-harbor-guidance/
Renewable Energy
Should I Get a Solar Battery Storage System?
Renewable Energy
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