Hitachi Energy to invest more than $100 million to manufacture transformers in Canada
To help meet the demand for transformers, the Government of Quebec is helping with funding of a testing facility as well as an engineering and design center.
Sungrow posts $1.3 billion profit for 2023
Chinese inverter manufacturer Sungrow shipped 130 GW of inverters last year, reaching a profit of $1.3 billion.
South Korea plans 120 GW space solar project
Two Korean research institutes are designing the 2.2 km × 2.7 km Korean Space Solar Power Satellite project with the aim of providing approximately 1 TWh of electricity to the Earth per year. The proposed system should use 4,000 sub-solar arrays of 10 m × 270 m, made out of thin film roll-out, with a system power efficiency of 13.5%.
New green bank to support distributed solar and storage in the Appalachian region
The Green Bank for Rural America will support community lenders in Appalachian communities to finance climate-supporting projects including distributed solar and storage. The bank and four others received a total of $6 billion in federal awards.
Sunrise brief: IRA should incentivize steel solar frames, says report
Also on the rise: Minnesota sues GoodLeap, Sunlight, Mosaic and Dividend over dealer fees. Improving transmission planning. And more.
U.S. solar industry week in review
pv magazine USA spotlights news stories of the past week including market trends, project updates, policy changes and more.
Leading U.S. solar tracker providers expand their manufacturing footprint
Array Technologies broke ground on a factory in New Mexico, while Nextracker expanded operations with a contract manufacturer.
IEA calls for sixfold expansion of global energy storage capacity
The International Energy Agency (IEA) has issued its first report on the importance of battery energy storage technology in the energy transition. It has found that tripling renewable energy capacity by 2030 would require 1,500 GW of battery storage.
Minnesota sues GoodLeap, Sunlight, Mosaic and Dividend over dealer fees
The Attorney General claims these companies misled consumers about residential solar pricing, concealing inflated fees behind the federal tax credit and long-term contracts with low interest rates.
Improve transmission planning and interconnection cost allocation, says SEIA-affiliated group
Federal regulators should consider specific reforms to improve transmission planning, lower interconnection costs and provide cost certainty, says a group affiliated with the Solar Energy Industries Association.
