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.
The Chinese government has issued a notice to its PV industry that calls for the optimisation of the sector and further buildout of its infrastructure while warning against hoarding products and the establishment of solar monopolies.
Chinese Solar Module Super League (SMSL) member JinkoSolar has been forced to lower its production output at its Sichuan factories due to ongoing power rationing in the Chinese region.
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.
Swiss heterojunction cell and module manufacturer Meyer Burger has landed a long-term supply agreement for up to 5GW of PV modules with D. E. Shaw Renewable Investments (DESRI) as it cut its losses in H1 2022 compared with the same period last year.
The US could exceed 50GW of solar manufacturing capacity by the end of this decade with the right application of incentives included in the country’s newly passed Inflation Reduction Act.
