NEM 3.0, the latest iteration of California’s rooftop solar net metering scheme, was passed yesterday by the California Public Utilities Commission (CPUC). Vocal public debate surrounded the legislation before the vote as solar industry workers and representative bodies called for revisions to the proposed decision.
Polysilicon supplier Tongwei continues to expand its solar footprint, revealing plans this week to set up a 25GW module manufacturing base in the Nantong Economic and Technological Development Zone, in China’s Jiangsu province.
Tech giant Meta has partnered with independent power producer Silicon Ranch to build seven solar projects in Georgia and Tennessee with a capacity of 720MW.
CSI Solar, the majority-owned subsidiary of PV manufacturer Canadian Solar, will commence mass production of high-efficiency n-type TOPCon solar modules from Q1 2023. The company said its TOPCon modules could reach up to 690W of power output.
Solar manufacturer CubicPV is planning to establish a 10GW mono wafer manufacturing facility in the US that it said will be the “first of this scale” in the country.
The G7 initiative JETP has agreed to support Vietnam’s green energy transition and mobilise an initial US$15.5 billion of public and private finance over the next three to five years.
Japanese-headquartered financial services group ORIX Corporation has taken full ownership of Spanish renewables firm Elewan Energy after acquiring a further 20% stake in the company.
BP ventures, the investment platform of bp, has invested A$20 million (US$13.5 million) in Australian renewables company 5B to support the development and implementation of its 5B Maverick solar technology.
Newly granted patents for solar cell architecture that reduces silver costs and increases power generation could see the new technology draw closer to commercialisation.
