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.
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.
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.
IRA should incentivize steel solar frames, says report
A report from Origami Solar and Wood Mackenzie advises that if the U.S. solar industry switched from aluminum to recycled steel frames, it would no longer need to import aluminum frames from Asia.
Sunrise brief: IRS issues final guidance for clean energy tax credit transferability
Also on the rise: EPA releases final rules on reducing pollution from fossil-fuel plants. Born in the USA: First silicon solar cell celebrates 70th birthday. And more.
IRS issues final guidance for clean energy tax credit transferability
Rules and definitions for the transfer and sale of tax credits, which has quickly grown to a multi-billion-dollar market, largely affirm the proposed guidance from last June.
U.S. plan to upgrade 100,000 miles of transmission lines in five years
As the Inflation Reduction Act ramps up clean energy efforts across the U.S. the Biden administration outlines a plan to enhance transmission lines to accommodate more power.
EPA releases final rules on reducing pollution from fossil-fuel plants
According to the EPA, the climate and health benefits of the rule that plants must control 90% of their carbon pollution substantially outweigh the compliance costs.
