News In Brief April 12- Nexamp, Chinese Solar Exports, US Solar Backlog & More…

News In Brief April 12- Nexamp, Chinese Solar Exports, US Solar Backlog & More…

China Exports 43.1 GW Modules In Jan-Feb 2024, Says Infolink 

China exported 21.9 GW of modules in January 2024, a 35% increase from 16.2 GW in December 2023, then exported 21.2 GW in February, a 3% month-on-month decrease, accumulating 43.1 GW of total export volume in 2024, a 45% increase from 29.7 GW in the same period last year. The top three importers of Chinese modules earlier this year were Europe, India, and Brazil, with their combined import volume accounting for 60% of the global market.

Community solar Developer Nexamp bags US$520 million  Funding

US community solar developer Nexamp has raised US$520 million to expand into more states in the US and invest further into its operations.

The money was secured in a capital raise led by Manulife Investment Management, and will support

VPPs in California Could Account For 7.5GW of capacity by 2035-Report

Virtual power plants (VPPs) in California, US, could provide over 7.5GW of capacity, around 15% of peak demand by 2035, according to a report from consultancy the Brattle Group for non-profit, GridLab.

The report, California’s Virtual Power Potential: How Five Consumer Technologies Could Improve the State’s Energy Affordability, looks at the market potential for VPP deployment which could save consumers US$550 million per year in California.

The grid connection backlog in the US increased by 27% year-on-year in 2023, with about 2.6TW of generation and storage capacity now seeking interconnection, according to a study from Lawrence Berkeley National Laboratory (Berkeley Lab).

This comes even as the US is ramping up generation capacity at a speed not seen in decades, thanks to faster than expected rise in electricity demand.

As of the end of 2023, the total capacity in the queue was more than twice the current US generating capacity of 1.28TW and about eight times larger than the queue in 2014.

Solar accounted for the majority of capacity waiting in queue at 1,080GW, followed by wind (366GW). A total of 571GW of solar capacity in the queues were proposed as hybrid plants, driven by dropping battery prices,

"Want to be featured here or have news to share? Write to info[at]