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.
Indian IPP ReNew Power reported a net loss of INR104 million (US$1 million) last quarter, which it said was as a result of a one-time expense for the refinancing of US bonds with lower cost rupee debt.
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.
TCL Zhonghuan has announced a US$200 million investment into Maxeon Solar Technologies that will allow the company to access Maxeon’s IBC solar cell platform, while using Maxeon's position as a global player to set up shop in international markets.
Canadian Solar has raised its 2022 revenue guidance as it progresses with efforts to ramp up its PV manufacturing capacity following a hike in module shipments in the second quarter.
US solar players have hailed the country’s landmark Inflation Reduction Act (IRA), signed into law by President Joe Biden this week, as a once-in-a-generation legislation that lays the groundwork for accelerated PV deployment and a significant ramp-up in domestic manufacturing.
