The deal represents the second order this month for more than 500 MW of solar modules. Plus, Waaree eyes the expansion of its solar manufacturing facility in Brookshire, Texas.
The troubled residential solar company entered into asset and power purchase agreements to support operations while it seeks a buyer.
pv magazine USA spotlights news of the past week including market trends, project updates, policy changes and more.
The developer placed a $176 million order with Waaree Solar Americas for solar modules manufactured in Texas.
Meeting the proposed operational deadline coupled with permitting delays and supply chain challenges means developers would have to rush to start and finish projects in 3.5 years. Cleanview quantifies the enormous amount of clean energy capacity at risk.
The residential solar company has been in a downturn for more than a year, with earnings misses, layoffs, changes in leadership and cancellation of a $3 billion loan guarantee.
pv magazine USA spotlights news of the past week including market trends, project updates, policy changes and more.
Waaree Solar Americas, an arm of Waaree Energies, has secured an order to supply 586 MW of solar modules for an amount of $176 million.
The Texas House and Senate passed passed a bill that aims to curb unnecessary permitting delays and fast-track residential solar panel and energy storage installations. Unless vetoed by Gov. Abbott, the law will go into effect in September.
Legislation that would “kill renewable energy in Texas” failed to progress in the state’s House of Representatives.
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