Sunrise brief: Sungrow posts $1.3 billion profit for 2023
Also on the rise: Major defense company plans to cut emissions almost in half by investing in renewables. New green bank to support distributed solar and storage in the Appalachian region. And more.
Major defense company plans to reduce emissions 46% by 2030
RTX, formerly Raytheon, signs an agreement with Engie North America to buy 1.5 million MWh of renewable energy over the next ten years, spurring further growth of Texas solar development.
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.
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.
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.
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.
