SolarEdge Reports $837 Million Revenues In Q3/2022
Inflation Reduction Act Impact: SolarEdge Plans To Establish US Manufacturing Facility In 2023
Another thumbs up to US President Joe Biden administration’s Inflation Reduction Act (IRA) with yet another solar company announcing plans to enter US manufacturing within 2023 – and this time it is Israel headquartered solar PV inverter supplier SolarEdge Technologies.
Canada Tries To Follow US Way With ITC
Canada To Offer $6.7 Billion Investment Tax Credit For Clean Technologies Till 2034 On Lines Of US’ Inflation Reduction Act
Canada has now proposed to introduce an up to 30% ITC for investments in clean technologies including solar PV, storage and clean hydrogen worth $6.7 billion with a focus on net-zero technologies.
IRA Impact: Mission Solar To Grow Texas PV Capacity
Mission Solar To Use South Korean Polysilicon For US Solar Module Production Capacity Expansion
South Korea headquartered OCI Company Ltd will provide polysilicon to help its US based solar module manufacturing company Mission Solar to expand its existing annual capacity to 1 GW in 2024, starting with 300 MW in Q4/2022, all thanks to the Inflat.
Study Makes A Case For Globalized Solar Supply Chains
Stony Brook University Study Finds World Saved $67 Billion Between 2008-2020 With Globalized Solar Supply Chain
As governments across the world clamor for a local solar supply chain in the wake of COVID-19 and the energy crisis in Europe, a Stony Brook University study bats for a globalized solar supply chain that it believes helped save $67 billion in solar m.
Enphase Energy To Open Manufacturing Lines In US
Enphase Reports ‘Record’ Quarterly Revenues In Q3/2022; Driven By IRA, Plans To Enter Domestic Manufacturing In US
Solar microinverter manufacturer Enphase Energy has announced plans to start manufacturing in the US with 4 to 6 lines, starting from Q4/2023, buoyed by the $0.11 per W production-based tax credit on microinverters manufactured in the US under the Inflation Reduction Act (IRA).
Hanwha To Produce Module Encapsulants in US
With Focus On Solar Power, Hanwha Solutions To Carve Out Advanced Materials Business; Plans New EVA Fab In US
South Korea’s Hanwha Solutions Corporation has announced major business restructuring with plans including divestment of some stake in advanced materials business to use proceeds for US solar PV manufacturing facilities and to build an EVA film factory in the US.
Fuyao Glass To Expand Production Capacity In The US
Buoyed By IRA Incentives & Growing PV Demand, Fuyao Group To Add More US Manufacturing Lines
Chinese glass producer for automotive and solar industries Fuyao Glass has announced plans to invest $350 million in its US subsidiary Fuyao America to expand float glass and solar back panels production lines among other projects to meet growing demand for solar back glass.
Solar Wafer Production In US Soon
SPI Energy Intends To Set Up 1.5 GW Solar Wafer Manufacturing Capacity In 2023 In USA
As per the US Department of Energy (DOE), there has been no production of solar wafers in the country since 2016, but it could change soon as SPI Energy has signed a letter of intent to secure solar wafer manufacturing equipment for 1.5 GW capacity, and increase it to 3 GW by 2024.
Maxeon Solar’s Q2/2022 Gross Loss Widened
Maxeon Improved Q2/2022 Revenues & Shipments; Accelerates US PV Module Manufacturing Plans
Singapore headquartered solar module maker Maxeon Solar Technologies improved both its annual revenues and shipments for Q2/2022, however its GAAP net loss widened to $87.92 million, up from $77.0 million last year while gross loss expanded to $39.3 .
Inflation Reduction Act 2022 Now A Law
US President Joe Biden Takes ‘Most Aggressive Action Ever’ & Signs Inflation Reduction Act Into A Law
It is official: US President Joe Biden has signed the Inflation Reduction Act of 2022 (IRA) into a law after it was passed by the Congress paving the way for 950 million solar panels, 120,000 wind turbines to operate in the country by 2030 along with 2,300 battery plants to store clean energy.
Huge Solar Boost Expected After US Senate Passes Climate & Clean Energy Bill
Princeton University Expects Annual US Utility Scale Solar Installations To Grow To 49 GW Annually In 2025-26 After Passage Of IRA 2022
The world’s 2nd largest solar market is set to heavily incentivize clean energy deployment and manufacturing with $369 billion investment under Inflation Reduction Act of 2022 (IRA) that has now been cleared by the US Senate making it the largest c.
North America PV News Snippets
1 Solar Project For Hydro-Québec’s 480 MW RE Tender & More From Dominion Energy, LyondellBasell, Hecate, Roth Capital
Hydro-Québec’s 480 MW RE tender gets only 1 bid for solar PV; Dominion Energy Virginia’s 17 MW solar plant retrofitted with storage; LyondellBasell signs solar PPA with Buckeye; Hecate Energy gets permit for New York’s ‘largest’ solar farm.
- 1
- 2
