The US House of Representatives has passed Joe Biden’s Build Back Better act, which now moves to the Senate where negotiations will continue over the legislation that includes clean energy and climate investments totalling US$555 billion.
In recent years the solar industry has seen some of the largest and cheapest contracts awarded in the MENA region. But with concerns over component price and availability, what can the industry expect from the solar sector in the MENA region in the medium-term?
Utility-scale renewables developer Intersect Power has secured US$2.6 billion in financing for the construction and operations of a portfolio of solar and energy storage projects in California and Texas.
Canadian Solar has warned of solar cell overcapacity next year, slamming the breaks on its own cell manufacturing expansion plans while accelerating on its module assembly roadmap.
Maxeon Solar Technologies is revamping its logistics strategy after a shipping “logjam” attributed to the module maker missing its Q3 shipments guidance.
Solar investor and asset manager NextEnergy Capital Group (NEC) is said to be looking to sell a portfolio of solar projects in Italy for more than €400 million (US$453 million), according to Reuters.
Investment company AtlasInvest has backed a new renewables development platform that is aiming to deliver 2.7GW of projects across Europe by the end of next year.
Hanwha Solutions Corporation has agreed to buy a 16.67% stake in Norwegian polysilicon manufacturer REC Silicon in a deal worth around US$160 million, with the South Korean chemical company looking to reopen REC Silicon’s 20,000MT polysilicon factory in the US
Microinverter supplier Enphase Energy has entered the electric vehicle (EV) charging sector with the acquisition of charging station manufacturer ClipperCreek.
