MiaSole receives $101.8 million in tax credits to advance solar manufacturing

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

MiaSole has received two Advanced Energy Manufacturing tax credits totaling US$101.8 million from the Obama Administration for the manufacture of low-cost thin-film cells and modules. A total of US$2.3 billion in tax credits is being allocated for investments in 183 manufacturing facilities for clean energy products across 43 American states.

In order to achieve this goal, MiaSole will add jobs to ramp up its manufacturing facility based in Santa Clara, CA. The number of employees at MiaSole was already increased in 2009 from 150 to 300.

“We believe the award is a reflection of the Department of Energy’s confidence in MiaSole’s technology and business model,” said Dr. Joseph Laia, CEO of the company. “The strong show of support by the Obama Administration is encouraging, and we look forward to ramping our manufacturing capacity and creating jobs aided by these funds. We also view the commitment of the Administration to create green manufacturing jobs as important in positioning the United States towards the future.”

More than 500 applications were submitted for the tax credits. The winners were selected based on their commercial viability, domestic job creation, technological innovation, potential for reducing air pollution and greenhouse-gas emissions, and the speed at which the projects would be completed.

25 May 2022
Transforming the Canadian energy market. Solar & Storage Canada will focus on fostering and expanding the solar and energy storage market in Canada. Co-located with f-cell Canada.
7 June 2022
The Renewable Energy Trading Summit is the only event in Europe dedicated to renewable energy trading and will bring together renewable power asset owners, investors, exchanges, intermediaries and large energy buyers to discover the future of power sales. This unique event is designed specifically for the most senior players and will provide an excellent forum for business deals, networking and learning. The energy transition is gathering pace with renewable energy attracting increasing sums of capital each year. Solar and wind deployment is increasing annually and governments are ever-more reliant on the renewables sector to stimulate moribund economies. Retirement of fossil fuel assets continues in the background. However, without subsidies and uncertainty around PPAs, renewable asset owners are heading into the wholesale markets to trade power but are they ready for the volatility in revenue this will entail?
9 June 2022
The proliferation of solar PV and other renewables is a cornerstone of the emerging new power system and, as a result, the solar industry has entered its fastest-growth period. This has become typified by surging demand for high-power PV modules that both produce more power and are more efficient than their predecessors. Providing a significant boost to power outputs, large-format modules have become a popular choice for customers the world over. Outdoor testing of modules is now providing empirical evidence of the benefits large-format modules produce, providing a crucial benchmark and invaluable data for customers to evaluate their module selection and procurement processes. In this PV Tech webinar, experts from TÜV Rheinland, CPVT and Trina Solar will discuss how to ensure science based and precision testing under field conditions, how empirical data is collected and analysed during TÜV Rheinland and CPVT’s outdoor testing, the empirical data behind a 670W module’s ultra-high power, and more.
14 June 2022
Join us in Napa to unlock the key to reliable PV module supply to the U.S. market in 2022 & 2023. We'll also be gathering the main players in the US solar market for some wine tasting!
15 June 2022
Consumers are turning to residential renewables in significant numbers, driven by a desire to be environmentally conscious and a wave of high power prices. But turning green requires easy-to-use and, above all, safe technologies that meet expectations. Huawei is committed to building efficient, safe, reliable and grid-supporting smart PV plants that also provide smart services to consumers, and its Residential Solution has been tailored to meet consumer demand. This webinar will demonstrate the full suite of technologies offered within the Huawei Residential Solution, including a smart energy controller, smart AC charger, and AI-powered energy storage solution, and detail how it can place power back in the consumer’s hands.
22 June 2022
The 11th edition of the Large Scale Solar Summit is coming to the US after 10 sell-out years in Europe! Designed as a meeting place for deal-making, we will not only discuss the most up to date topics and technologies but will also provide varied networking platforms so that developers, EPCs, manufacturers, asset owners, and investors can connect with possible clients and partners. In a year expected to break records for the solar market, join us in Texas to meet with the top players in the industry and expand your network as business booms.

Read Next

May 25, 2022
Energy storage solutions provider Convergent Energy + Power has completed a solar-plus-storage plant in Upstate New York that was built as a ‘non-wires alternative’ to more expensive network upgrades.
May 25, 2022
Module price increases, higher raw material costs and logistical challenges will pull down the return on equity (ROE) for 25GW of India solar projects, with 5GW of those at high risk given when they submitted their bids.
May 25, 2022
Supply chain woes, spiralling energy prices and the COVID-19 pandemic have reversed the downward trend in average business interruption (BI) claims for renewables developers, with sector-wide average business downtime days up by 38% on 2016.  
May 25, 2022
TotalEnergies has made its “largest investment in US renewables” to date, acquiring a stake in developer Clearway Energy.
May 25, 2022
Shell has tasked renewables monitoring and control firm Inaccess to optimise a 100MW solar-wind hybrid project in the Netherlands.
May 24, 2022
French renewable energy company Compagnie Nationale du Rhône (CNR) has set up a new subsidiary that will focus on the development of solar installations in the Rhône valley area of France.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 7, 2022
Leonardo Royal London City, London, UK
Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
June 22, 2022
Sheraton Austin Hotel at the Capitol, Austin, Texas