Solar power showed its muscle last week as announcements in New York and Florida will significantly expand the amount of solar in both states. Likewise in a new reliability study by Fitch Ratings, solar proved more reliable than wind as an asset, leading to some upgraded ratings.
In the Empire State Gov. Andrew Cuomo (D) set out ambitious new goals for the state’s renewable energy ambitions in his annual State of the State address, following up on his promise to move the state to 100 percent clean energy by 2040. In the address he stated that the state will have 1 million solar homes by 2023 and will double the amount of solar power in the state to 6 gigawatts by 2025.
In Florida, the state’s largest utility Florida Power and Light (FPL) announced that it now plans to install 30 million solar panels across its service area by 2030. The utility already planned on having 10 million solar panels installed by 2023, but the 30 million figure is a new one that will make it one of the biggest solar powered utilities in the US. The new plan would see getting 40 percent of its energy from carbon free sources by 2030.
It should be no surprise that states and utilities are flocking to solar power. A new Fitch Ratings report showed that solar power is proving more reliable than wind power. The wind resource, according to the ratings agency is more variable than the sun’s rays. This distinction has led to ratings upgrades for more solar power plants than for wind farms. However, it should be noted that of the projects Fitch reviewed, most of the wind projects were in South and Latin America, while the solar power projects were in the US.
Another roofing company furthered its interests in offering solar services last week as well. Standard Industries, one of the largest roofing materials and supply companies in the world, launched GAF Energy last week. The new company allow its distributors and contractors to install its DecoTech Roof-Integrated Solar System in the US. It becomes the second major roofing company to enter the market behind PetersenDean.Tweet