Markets & Finance

Last week the US Department of Treasury and Internal Revenue Service (IRS) released guidance on tax credits included in the Inflation Reduction Act (IRA), which allow state and local governments, nonprofits and other entities to benefit from renewable energy tax breaks.

Chinese solar cell manufacturer Aiko Solar has signed a 1.3GW supply agreement with German solar and energy storage wholesaler Memodo at Intersolar.

Chinese solar manufacturer LONGi and Austrian firm Energy3000 have signed a framework agreement for 1.5GW of solar capacity.

Maxeon Solar Technologies has filed a patent infringement lawsuit against Chinese PV manufacturer Tongwei Solar in Germany.

Parliament Solar has selected Ideematec to supply a tracking system for its upcoming solar farm in the US state of Texas.

Private equity firm Antin Infrastructure Partners has made a voluntary offer to buy the entirety of the shares of Spanish renewable energy developer Opdenergy for €866 million (US$935 million).

SmartestEnergy has signed a power purchase agreement with Mytilineos for the latter’s proposed Kingaroy solar farm in Queensland, Australia.

PV manufacturer Meyer Burger and German developer Baywa r.e have signed  a 1.25GW module supply deal in the US which will see Baywa r.e receive Meyer Burger panels from 2025 through 2029.

US solar manufacturer CubicPV has received US$103 million in equity financing to support its plans to develop a US silicon wafer production base.

BSW forecasts a “double-digit percentage” growth in Germany's demand for solar power systems by the end of the year.