The world’s top 10 solar inverter providers accounted for 86% market share in 2022, a year where the market saw a 48% increase in size year-on-year (YoY).
California-based perovskite solar startup Caelux has closed US$12 million in Series A3 financing to support its factory expansion in Baldwin Park, California, research and development (R&D) and eventual product launch.
Trina Solar has produced the first of its 210mm n-type i-TOPCon cells at its production facility in Qinghai province, China, as the scale of n-type solar production continues to ramp up across the industry.
Thin-film solar PV manufacturer First Solar has confirmed the Louisiana location of its fifth US manufacturing facility, a 3.5GW, US$1.1 billion dollar Cadmium Telluride (CadTel) module production factory.
India has surpassed 70GW of installed solar capacity as of the 30th June this year, according to the country’s government. It initially had a target of 100GW capacity by 2022.
Indian solar manufacturer Waaree will expand its ingot, wafer, cell and module production capacity by 6GW following a second round equity funding raise of around INR10 billion (US$121 million).
