After the passing of the Inflation Reduction Act (IRA) into law, solar PV and storage are expected to create up to 115,000 manufacturing workers in the US by 2030.
The stage is set for the emergence of an ultra-low-cost PV industry based on epitaxial solar wafers and other highly scalable, high-efficiency technologies, writes Davor Sutija, CEO of NexWafe.
A number of solar module manufacturers have reportedly bid for financial incentives offered by the Indian government to expand domestic manufacturing of solar panels.
Solar wafer manufacturer Shangji Automation has signed a supply deal worth RMB5.91 billion (US$856 million) and has launched a large-scale fundraising project to accelerate its capacity expansion.
JA Solar intends to fund the construction of a major PV manufacturing facility by issuing convertible bonds to raise up to RMB8.96 billion (US$1.3 billion).
Bank of China Securities has issued a research report which stated that the PV industry chain price has stopped rising and may even drop in the future.