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.
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.
The Inflation Reduction Act (IRA) is expected to add an extra US$110 billion in investment for utility-scale solar in the US by 2030, increasing the country's utility-scale deployment by more than 70GW.
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.
