Inside transferability, or selling renewable energy tax credits
The market awaits the U.S. Treasury guidance on direct sales of federal tax credits, but sales are moving forward without waiting, said Norton Rose Fullbright.
U.S. Solar developers take on module manufacturing risk
Multiple deals signed over the last six months have shown solar panel manufacturers using long- term solar module supply agreements with developers to drive factory finance.
RE-volv secures investment to build solar projects for non-profits
Kresge and Schmidt Family foundations funded the investment, which builds off the momentum off a U.S. Department of Energy contract to help BIPOC-led houses of worship go solar.
Sunrise brief: Three global trends for solar in 2023
Also on the rise: McDonald’s signs on for 180 MW of Louisiana solar. Canadian manufacturer releases carbon-fiber solar panel for boats. And more.
IRS releases guidance on low-income solar tax credit booster
According to IRS guidance, 1.8 GW of solar is eligible for 40% and 50% tax credits via the IRA, with the Low-Income Communities Bonus Credit Program.
Sunrise brief: SolarEdge announces record revenues in 2022
Also on the rise: The IRA will unleash community solar markets. Saltwater flow battery added to solar-on-canal project. And more.
Sunrise brief: Nextracker announces IPO pricing
Also on the rise: SnapNrack introduces solar mount that attaches to modulee bfore roof. IRA spurs 101K clean energy jobs in first six months. And more.
50 states of solar incentives: Ohio
Solar currently provides less than 1% of Ohio’s electrical needs. That is expected to change, however, as nearly 8.8 GW of mostly utility-scale solar is expected to be installed over the next five years, making Ohio one of the top five solar states in the country.
Interest in solar apprenticeship expands in response to IRA
Apprenticeship programs across the country, such as Rethink Electrical Advanced Program in Illinois, are seeing record numbers of students who are learning the ins and outs of solar installation.
13 European PV equipment makers pitch their machines to U.S. PV manufacturers
A $1 to $1.5 billion U.S. market opportunity awaits PV equipment manufacturers through 2030, said a McKinsey consultant, at a Washington D.C. event that brought together potential equipment buyers and sellers.
