First Solar Q1 2023 revenue down, with investments in U.S. facilities taking precedent
Company expects to recognize about 25% of its full year guidance in the first half of 2023 and 75% in the second half, based on the advanced manufacturing production tax credit (45X) of the IRA taking effect.
A new era for solar energy? Not without tackling these challenges first
Supply chain, tariffs, workforce, permitting and interconnection, and energy equity issues surround the rapid buildout of solar energy in the U.S.
Sunrise brief: Enel chooses Oklahoma for solar module and cell factory
Also on the rise: Oregon’s largest solar farm at 205 MW comes online. 106 MW regenerative agrivoltaic project at White Oak Pastures in Georgia. And more.
Enel finalizing site for 3 GW solar panel and cell factory in the U.S.
With Oklahoma as the leading candidate, the U.S. manufacturing site will start with 3 GW of production capacity, with plans to double to 6 GW.
Sunrise brief: New Jersey warehouse operator provides community solar access to 700 residents
Also on the rise: FEMA’s $13 billion for Puerto Rico’s grid could shift to solar if lawsuit succeeds. Lowe’s to install solar at 54 California locations. And more.
Most solar won’t qualify for Inflation Reduction Act hydrogen incentive, per IEA data
An analysis by the International Energy Agency puts solar’s lifetime emissions, manufacturing included, at a level that would earn only 25% to 33.4% of the IRA’s $3/kg hydrogen incentive
Ascent boosts production with acquisition of 15 MW Swiss thin-film producer
With the closing of this deal, Ascent will triple its production capacity from its 5 MW of existing nameplate capacity production.
American companies ask Congress to reject $1 billion in retroactive solar tariffs
More than 400 companies sent a letter saying that repealing the two-year solar tariff moratorium would eliminate 30,000 jobs, including 4,000 manufacturing jobs.
Sunrise brief: Inflation reduction act brings 20,000 new jobs and 46 U.S. manufacturing facilities
Also on the rise: Best practices in installing power optimizer MLPE systems. Growatt generator for portable, off-grid use. And more.
Solarcycle solar recycling specialist raises $30 million in new funding
The funds, consisting of both company equity and infrastructure financing, will be used to scale Solarcycle’s solar panel recycling capacity and expand materials remanufacturing capabilities. Solarcycle also announced $1.5 million in new funding from the DOE.
