The US solar market was widely expected to thrive this year, but various policy headwinds have destabilised the module procurement market and created uncertainty to such an extent installations stalled. Liam Stoker reflects on events of the last 12 months.
US Solar Fund has sold a purchase option over its 50% interest in the 200MW Mount Signal 2 (MS2) PV project in southern California to renewables company MN8 Energy, which was formerly known as Goldman Sachs Renewable Power.
US renewables developer Arevia Power will accelerate its work on new solar and wind projects in the country after securing an investment from KKR and asset management firm GCM Grosvenor.
REC Silicon and Mississippi Silicon have entered into a memorandum of understanding (MOU) that commits the companies to negotiate a raw material supply agreement and help establish a low-carbon and traceable US solar supply chain.
Maxeon Solar Technologies exceeded both its volume and revenue guidance in Q2 2022 thanks to the strong performance of its distributed generation (DG) business in the EU and its utility-scale projects in the US.
LONGi has increased the planned production capacity of a new ingot and wafer project from 20GW to 46GW, with the originally planned high-efficiency mono cell capacity of 30GW and high-efficiency PV module capacity of 5GW remaining unchanged.
Indian IPP ReNew Power reported a net loss of INR104 million (US$1 million) last quarter, which it said was as a result of a one-time expense for the refinancing of US bonds with lower cost rupee debt.
