With more than 50 GW of module manufacturing announcements made in the United States, annual production capacity will exceed demand by 2025, says S&P Global’s Alex Kaplan.
NorSun recently raised $8.5 million in new equity to further develop clean energy manufacturing projects in the United States, including a 5 GW ingot and wafer production facility.
One year after the introduction of the U.S. Inflation Reduction Act (IRA), its funding opportunities are coming to fruition and the community benefits are real.
Also on the rise: Regulatory gaps in solar inverters: The pressing need for oversight. Silfab Solar signs agreement with NorSun for U.S.-made wafers. And more.
The incentives in the Inflation Reduction Act are combining with an evolving distributed generation market and investors’ greater appetite for community solar to drive an uptick in renewable project financing and deployment.
The Department of Energy $15.5 billion package will provide grants and loans to retrofit existing manufacturing centers, and bolster battery manufacturing, with a focus on high-quality jobs.
The 5 MW, 10-hour-duration Desert Blume project will use CMBlu’s Organic Solid-Flow non-lithium technology.
The Singapore-based developer of glassless, frameless solar modules plans to invest nearly $35 million to renovate a facility in Indianapolis.
Fewer than 5% of domestic homes are solar-powered today, as consumers list cost and confusion about IRA benefits as primary deterrents to installing energy efficient appliances and solar panels at home.
The IRS and Treasury released the first round Domestic Content Bonus Credit Guidance – but the new guidance seems to raise more questions than it answers.
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