Two European energy companies, Meyer Burger and BayWa r.e., have finalized a contract for their U.S. operations in which the developer will purchase 1.25 GW of modules from the manufacturer’s Arizona facility from 2025 to 2029.
Also on the rise: Green hydrogen market to grow six-fold to $1.4 trillion, said Deloitte. CubicPV receives $103 million commitment for U.S. wafer manufacturing. And more.
The solar industry had its best first quarter in history as supply chain challenges fade, according to U.S. Solar Market Insight Q2 2023 report.
The energy giant signed an agreement with Solarcycle to recycle its crystalline silicon modules at end of life from its U.S. solar assets.
In a recent interview with Roth MKM, Meyer Burger indicated that new guidance on the domestic content requirement, along with manufacturing incentives, have boosted their interest in manufacturing the solar cells for their 2 GW Arizona module factory.
American Clean Power reported that 2022 had a 15% slowdown in installations, largely represented in the utility solar market, which had 13 GW fewer deployments in the year.
The moratorium is intended as a bridge put in place temporarily while the United States rapidly ramps up manufacturing to supply its burgeoning solar industry.
Supply chain, tariffs, workforce, permitting and interconnection, and energy equity issues surround the rapid buildout of solar energy in the U.S.
With this strategic agreement, EDPR increases its commitment to U.S. domestic content, while also pursuing its strategy of supply chain and technology diversification.
The study surveyed homeowners as well as solar professionals to learn what incentivized homeowners to go solar, their interest in energy storage, challenges faced by solar professionals and the myths that still hang over the solar industry.
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