All developers active in the US market will increase their renewable energy development, while over 60% will participate in domestic clean energy manufacturing buildout.
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.
The US solar industry had the most growth of any quarter in its history in Q1 2023, as delayed projects from 2022 came online and supply chain constraints showed signs of loosening.
US utility AES Corporation has added the 2GW Bellefield solar-plus-storage project to its portfolio after acquiring it from the project developer, Avantus.
The development-stage 490MW Duffy solar PV project near Houston, Texas has changed hands; nascent US independent power producer (IPP) Linea Energy has bought the project from London-based Horus Energy.
The US Department of Treasury, Department of Energy and the Internal Revenue Service (IRS) have announced guidance on the Inflation Reduction Act (IRA), strengthening energy security and incentivising manufacturing and clean energy investments in coal communities.
Canadian renewables firm Westbridge Renewable Energy has entered into definitive agreements with Greek developer Mytilineos’ subsidiary, Metka, to purchase a portfolio of five projects in Canada.
