Solar, wind and energy storage will do much of the heavy lifting in decarbonising the energy sector, with fossil fuel assets left stranded, however time is running out to realise that shift and limit global warming.
US solar manufacturers can compete with Chinese companies for US PV projects given additional import costs and modules making up less than half a project's costs, while also ensuring a secure supply to the US market, lowering the carbon intensity of products and exploiting strong market demand, says Michael Parr, executive director of the Ultra-Low Carbon Solar Alliance (ULCSA).
Solar wafer producer NexWafe is planning to follow up on its new collaboration with Indian conglomerate Reliance Industries by licensing its technology to strategic partners globally.
US residential solar installer SunPower is in late-stage discussions with US thin film manufacturer First Solar to develop the “world’s most advanced residential solar panel”, its CEO Peter Faricy revealed during an analyst day presentation that also set out the company’s new strategy.
First Solar has locked in steel supplies for solar modules made at its under-development manufacturing facility in Ohio, by signing a supply agreement with local provider Ice Industries.
Pressure is mounting on the policymakers in the US to push through incentives to stimulate domestic clean energy manufacturing in the country after a turbulent week for US solar.
Solar manufacturer Tongwei is forecasting for a six-fold increase in net profit for Q1 2022, highlighting the impact pricing spikes are having on upstream manufacturer fortunes.
Buy aluminium and steel when possible in order to accumulate stock and hedge against continued price rises for both. While the price of nickel has undergone a “short squeeze”, copper is likely to continue trading sideways in the near term and there is no immediate risk to silver supply.
Solar manufacturer LONGi has revised the price of its G1 and M6 p-type wafers in its fifth price revision so far this year, taking prices to a near five-month high.
