Markets & Finance

The US House of Representatives on Friday passed the Inflation Reduction Act (IRA). The largest climate package in US history will now move to the desk of President Joe Biden, where it is expected to be signed into law as early as today.

Yingkou Jinchen Machinery has an agreement with Indian module maker Waaree to supply it with a 2.5GW high-efficiency module production line

Massachusetts governor Charlie Baker has signed on Thursday a climate bill that will bolster the growth of renewables project.

ACWA Power posted strong H1 2022 results as it continues to divert its portfolio to renewables and low-carbon technologies.

German project developer Energiequelle has entered the Polish renewables market with an eye on 30 projects with more than 1GW of capacity.

The financial adversity of India’s struggling distribution companies (Discoms) has been reflected in a significant downgrading in the latest rankings by the Ministry of Power, giving yet more concern for renewable energy players

Michigan utility DTE Energy has signed an agreement with automaker Ford to supply 650MW of solar PV in Michigan.

US solar tracker supplier Array Technologies has bounced back from a difficult 2021 by posting strong Q2 2022 financial results mainly due to its acquisition of STI Norland, while upcoming tailwinds could buoy its performance further still moving through the year.

Canadian Solar plans to build an integrated PV manufacturing plant in Western China, with a capacity of 200,000MT of high-purity polysilicon, 10GW of both cells and modules and multi-GW productions of raw and auxiliary materials.