What is a solar power purchase agreement (PPA)?

A solar power purchase agreement (PPA) is a financial contract in which a third-party developer owns, operates, and maintains the photovoltaic system, and a customer agrees to purchase the system's electric output from the solar services provider for an agreed-upon price and for a predetermined period.

How many utility-scale storage installations are there in 2022?

While total 2022 installations have not yet been reported, utility-scale storage installations in the second quarter were the largest quarter on record with 1,170 MW installed, despite significant delays in the market.

Are solar manufacturers circumventing antidumping and countervailing duty orders?

The solar market was further constrained by an ongoing petition before the US Department of Commerce alleging that certain solar manufacturers in Southeast Asia were circumventing antidumping and countervailing duty (AD/CVD) orders on solar cells and modules from China.

What is a PPA for new energy storage resources?

Some PPAs for new energy storage resources have been structured as capacity-only contracts in which the developer is responsible for the sale of energy and all costs associated therewith—including the costs of the required energy procured from the utility.