Also on the rise: An alternative to California’s proposed income-based fixed monthly utility bill charge, retired coal plant to be running on 100% hydrogen by 2045 and scientists explore aquatic effects of floating solar.
Canadian Solar announced that production in its first U.S. factory was set to begin in late June. With a planned output of 20,000 modules per day, it expects annual production capacity to total 5 GW.
A Colorado farmer installed vertical bifacial solar, leveraging greenhouse albedo to increase output. The installation demonstrates promising generation during winter months, while maximizing limited land space.
Also on the rise: Canadian Solar announces 5 GW Texas module factory. $7 billion in EPA grants to advance low-income residential and community solar. And more.
Representing an investment of $250 million, the facility is expected to bring 1,500 jobs.
Also on the rise: Meyer Burger considers U.S. solar cell manufacturing. CSI Solar announces initial public offering pricing on Shanghai Stock Exchange. And more.
Canadian Solar’s global module, battery and inverter solutions business is issuing 541 million shares, or 15% of 3.6 billion outstanding shares, at $1.17 per share (11.10 RMB) raising the equivalent of $848 million in proceeds.
Also on the rise: Hot topics at RE+ Southeast renewable energy conference. Electrification could cost California up to $50 billion if loads are not managed. And more.
This record volume of shipments was a 68% increase over the same quarter last year.
Also on the rise: U.S. solar installers list Qcells, Enphase as top brands. Silicon Ranch plans to appeal $135 million ruling in solar property damage case. And more.
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