Will Norman

Last week the US Department of Treasury and Internal Revenue Service (IRS) released guidance on tax credits included in the Inflation Reduction Act (IRA), which allow state and local governments, nonprofits and other entities to benefit from renewable energy tax breaks.

Maxeon Solar Technologies has filed a patent infringement lawsuit against Chinese PV manufacturer Tongwei Solar in Germany.

First Solar has announced that it will produce a limited production run of bifacial thin film PV modules, which it says are the first of their kind. The company ultimately plans to roll the product out commercially, following field and laboratory testing.

Private equity firm Antin Infrastructure Partners has made a voluntary offer to buy the entirety of the shares of Spanish renewable energy developer Opdenergy for €866 million (US$935 million).

PV manufacturer Meyer Burger and German developer Baywa r.e have signed  a 1.25GW module supply deal in the US which will see Baywa r.e receive Meyer Burger panels from 2025 through 2029.

US solar manufacturer CubicPV has received US$103 million in equity financing to support its plans to develop a US silicon wafer production base.

2022 saw the solar PV market enter a ‘new growth dimension’, where 239GW of solar capacity was added across the world representing two thirds of all new renewables capacity.

CSI Solar has completed its initial public offering (IPO) and begun trading on the Shanghai Stock Exchange as of June 9th.

Enel Green Power’s Sicilian subsidiary 3Sun has developed a 9cm squared silicon-perovskite tandem PV cell in partnership with the French national institute of solar energy (INES) and the CEA, a French government-funded research institution.

Solar and storage investor CleanCapital has secured a US$500 million investment from Manulife, a global financial services group. This followed a US$300 million initial cash injection from Manulife in 2021.