Summit Ridge raises tax equity for 50 MW Maine and Illinois solar portfolio
The $67 million investment utilizes the Inflation Reduction Act’s (IRA) Qualified Advanced Energy Project Credit program. Once guidance for low- and moderate-income community incentives and domestic content requirements program is finalized, the developer expects to expand its partnership with the tax investor to fund additional projects in underserved and traditional energy communities.
LG Energy Solution quadruples investment in U.S. battery manufacturing facility
The company plans to invest $5.5 billion on two manufacturing facilities in Arizona. One will be for cylindrical batteries for electric vehicles and the other for lithium iron phosphate pouch-type batteries for energy storage systems.
Domestic content, energy communities and tax equity among top ACORE Policy themes
Speaking at the ACORE 2023 Policy Forum, three renewable energy executives and an industry banker shared their prognostications for how soon we should expect to see tax credit and equity transferability occur, as well as a wishlist of IRA policy items that they hope to hear guidance on this year.
Weekly Solar Earnings Recap: Daqo, FTC and First Solar
pv magazine USA’s recap of notable upstream solar, integrated solar, finance and rooftop installers that reported fourth quarter or fiscal year earnings over the last week.
Falling costs, 15 GW of US solar module production, and TOPCon trends
A recent Wood Mackenzie report looks at trends and challenges in the burgeoning US solar market, including manufacturing stimulated by the Inflation Reduction Act.
Is 2022 the year that launched the U.S. solar industrial revolution?
The U.S. solar landscape shifted in 2022 with the passage of the Inflation Reduction Act. One result is that manufacturers are clamoring to set up shop to fill in the gaps in the domestic supply chain.
Jupiter Power and Energy Vault to secure 2.4 GWh of domestic energy storage equipment
Energy Vault will focus on maximizing U.S. localization and deployment of energy storage equipment that will qualify for the Inflation Reduction Act’s Domestic Content Bonus Credit.
What’s in the Inflation Reduction Act for the solar industry?
A high-level, cursory summary of the IRA 2022 is focused on the details pertaining to solar power professionals.
