Modules

Brookfield Asset Management and Indian conglomerate Reliance Industries have signed a memorandum of understanding (MoU) to pursue renewable energy manufacturing opportunities in Australia.

The US market shipped US$12.5 billion of modules in 2022, with the average dollar per watt value slightly increasing but still remains low, according to the country’s Energy Information Agency (EIA).

Indian conglomerate Adani has raised US$394 million for solar manufacturing through its renewable energy subsidiary Adani New Industries.

Canadian solar manufacturer Heliene has announced plans to build around 1GW of solar module assembly and 1.5GW of solar cell production capacity in the US.

The Tennessee Valley Authority (TVA) – a US utility headquartered in Knoxville – has ordered 279MW of First Solar’s cadmium telluride thin-film solar PV modules to outfit its Lawrence County Solar Project in Alabama, due to come online in 2027.

There are currently over 40GW of Chinese-made solar modules in storage across Europe with a cumulative value of around €7 billion (US$7.8 billion), according to data from research firm Rystad Energy.

Terabase has raised US$25 million for its terafab project, which aims to increase the number of automated processes in solar manufacturing.

State-owned Solar Energy Corporation of India has launched a tender for 1GW of domestic solar modules from manufacturers in India.

The IRS’ guidance on the domestic content tax bonus for solar projects under the IRA “makes it difficult for developers to attempt to access the 10% bonus ITC”, according to Martin Pochtaruk, president of North American solar PV manufacturer Heliene.

Senior VP Vincent Cao sat down with PV Tech at Intersolar Europe 2023 last month to chat about the company’s products, current and future technologies, overseas ambitions and financial strength.