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S&P Global: Longer-term, stronger natural gas demand will benefit European utilities.February 24th - According to data from the State Taxation Administrations value-added tax invoices, during the 2026 Spring Festival holiday, the average daily sales revenue of consumer-related industries nationwide increased by 13.7% compared to the previous years Spring Festival holiday. The consumer market was booming with many highlights, consumer goods showed obvious characteristics of intelligence and greening, tourism and cultural consumption demand was strong, the ice and snow economy drove the rapid growth of tourism services in related provinces, catering consumption heated up, and retail sales of goods maintained growth.European Commission: The EU will continue to provide comprehensive political, financial, economic, humanitarian, military and diplomatic support to Ukraine and its people.The onshore yuan closed at 6.8849 against the US dollar at 16:30 on February 24, up 265 points from the previous trading day.February 24th - The National Energy Administration recently convened a meeting of its Leading Group for Legal Development in 2026. The meeting emphasized the need to fully leverage the guiding and safeguarding role of legislation in building a new energy system, accelerate the promulgation of supporting regulations and policies for the Energy Law, actively promote the revision of important laws such as the Electricity Law and the Renewable Energy Law, and foster sound governance in the energy sector. The meeting reviewed and approved the "Key Tasks for Legal Development of the National Energy Administration in 2026."

In the United States, solar costs increased by more than 8 percent in the second quarter

Charlie Brooks

Jul 15, 2022 10:35

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According to a research published late on Wednesday, solar energy prices in the United States climbed by 8.1% in the second quarter as a result of an investigation by the Commerce Department into tariffs on Southeast Asian products and growing input costs.


According to a quarterly index that analyzes renewable energy transactions and is collected by LevelTen Energy, the increase amounted to a remarkable 29.7 percent increase in the overall price of wind and solar contracts, also known as power purchase agreements (PPAs), compared to the previous year.


Compared to the previous year, the cost of solar PPAs has climbed by 25.7%.


Since the Russian invasion of Ukraine, economic, logistical, and labor market problems caused by the coronavirus outbreak have intensified, undoing a decade of renewable energy industry cost reductions.


Wind contract expenditures grew by 2.5% during the quarter and have grown by 33.7% annually. Third-quarter wind energy costs in the Southwest Power Pool (NASDAQ:POOL) jumped by 16 percent due to a lack of transmission capacity. Some of the nation's most windy regions, including parts of Nebraska, Oklahoma, and Texas, are served by the grid operator.


LevelTen claimed that it was too soon to evaluate whether or not the decision by U.S. President Joe Biden in early June to waive tariffs on solar panels from the four Asian countries included in the probe for two years will alleviate some of the cost pressure.


In a survey of fifty developers conducted by the firm, around one-third responded that they wanted additional assurances that tariffs would not be applied retroactively if the Commerce Department were to implement them after the two-year wait.


LevelTen reports that the rising cost of wind and solar contracts for corporate and utility buyers has mirrored the rising cost of natural gas-related wholesale energy prices.


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