China's PV module companies released their financial reports for 2022 and the first quarter of 2023 at the end of April, with some of the leading manufacturers posting strong performance.
The US Department of Treasury and Internal Revenue Service (IRS) have released guidance pertaining to the domestic content bonus included in the Inflation Reduction Act (IRA); solar PV projects will need to meet requirements for both their PV and their steel components in order to benefit.
According to the company’s financial results for last year, 2022 was the first time that LONGi’s yearly revenue surpassed RMB100 billion (US$14.4 billion).
The US market is expected to see a strong uptick in overall module supply, both domestic and overseas, in 2023. Alongside this will be a range of different module technologies, making the US market the most differentiated from a technology standpoint this year.
The European Solar Manufacturing Council (ESMC) has called on the European Union member states to allocate financial support from REPowerEU grants to support solar PV manufacturing.
On April 12, the Silicon Industry Branch announced the latest solar-grade polysilicon prices, which were between RMB190-200/kg on average, with the lowest price set at RMB180/kg (US$26.2/kg).
As the PV industry reckons with its social and environmental impact and the byproducts of its processes, beyond the near-term questions over provenance and manufacturing ethics, concerns at the horizon of a module’s lifespan are coming more and more into focus.
