Sunrise brief: Solar tax transfer for smaller projects–Dissecting a $600,000 tax credit transaction


Meyer Burger set to begin production at U.S. module factory The relocation of the photovoltaic manufacturer’s core business from Germany to the USA is taking shape. Production of heterojunction solar modules is starting and financing for a new cell plant is progressing.

Solar tax transfer for smaller projects: Dissecting a $600,000 tax credit transaction Basis Climate has closed its smallest IRA transferable tax credit deal to date,  marking the end of an era dominated by million-dollar minimum tax credit transactions.

Origami Solar sets up regional fabrication of steel solar panel frames Partnerships with steel equipment producers in Ohio and two locations in Texas will enable Origami to have its steel solar module frames shipped from fabricator to module manufacturer in one to two days, the company says.

‘Module prices surprisingly keep going down’ As part of our Intersolar 2024 interview series, pv magazine spoke with Yana Hryshko, head of Solar Supply Chain Research for Wood Mackenzie, about overcapacity, declining panel prices and expected PV demand for the next years. She revealed that Chinese module procurement schemes are currently seeing unprecedented, “ridiculously” low bids, but she also noted that the $0.08/W threshold may now be difficult to exceed. Hryshko also expects many manufacturers to backpedal on previously announced capacity expansion plans and renegotiate module supply contracts.

Cultural considerations for international solar expansion Each region has a different way of doing things, whether it’s selecting sites, managing employees, or implementing manufacturing standards. Companies looking to expand into foreign markets need to be prepared to deal with these cultural differences, says Clean Energy Associates (CEA) Vice President Mark Hagedorn.

City of Detroit to install solar in mostly vacant neighborhoods Three Detroit neighborhoods were chosen as sites for solar facilities. The City plans to build 33 MW of solar to power its municipal buildings.

‘We expect solar panel prices to stabilize in the second half of the year’ At Intersolar Europe 2024, pv magazine spoke with Edurne Zoco, executive director, Clean Energy Technology at S&P Global Commodity Insights, about module price trends, increasing solar demand and PV manufacturing outside China. She claims panel prices may stabilize in the second half of this year or in early 2025 and says top seven Chinese manufacturers may even continue with capacity expansion plans. She also believes that, without further substantial incentives, Europe will not be able to recreate a domestic PV supply chain.

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