Allegations of fraud at Indian conglomerate Adani Group, which have knocked around US$125 billion off its market value since January, are unlikely to cause any perceptible damage to India’s long-term solar growth, according to two prominent members of the industry.
Hanwha Advanced Materials Georgia (HAGA) – part of Hanwha Solutions – will increase its investment in the US state of Georgia to support the integrated supply chain plans of its PV manufacturing subsidiary QCells.
Italian PV panel manufacturer FuturaSun has acquired 24,000 square metres of land to build a factory with 2GW production capacity in a year, relaunching its PV supply chain in Europe.
After the passing of the Inflation Reduction Act (IRA) into law, solar PV and storage are expected to create up to 115,000 manufacturing workers in the US by 2030.
A number of solar module manufacturers have reportedly bid for financial incentives offered by the Indian government to expand domestic manufacturing of solar panels.
Solar wafer manufacturer Shangji Automation has signed a supply deal worth RMB5.91 billion (US$856 million) and has launched a large-scale fundraising project to accelerate its capacity expansion.
