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North America has some of the most abundant wind, solar, geothermal, hydro, and biomass resources on the planet. In addition, the region offers a thriving culture of innovation and entrepreneurship, as well as ample funding options and a highly qualified workforce.
For large-scale power generation, the continent relies on renewable energy, mainly hydropower.
The North America Renewable Energy Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
Brookfield Renewable has acquired clean energy developer Urban Grid and its pipeline of high-quality utility-scale solar and energy storage projects in the United States. The acquisition nearly triples Brookfield Renewable’s existing development pipeline in the United States, making it one of the country’s largest clean energy developers. In appreciation of its considerable market presence, Urban Grid will keep its brand identity.
SunPower Corp., a leading solar technology and energy services company, has announced the launch of its Virtual Power Plant (VPP) solution, which allows SunVault energy storage customers to be compensated for allowing the utility to use stored energy during peak demand, resulting in a more stable power grid in their community.
Canadian Solar Inc. has announced the signing of two 10-year power purchase agreements (PPAs) with Axpo Italia for the purchase of electricity generated by two solar power facilities now under construction. Axpo Italia is a highly stable and bankable renewables generator counterparty and one of the leading market operators in the free energy market in Italy.