Nestlé is the sole tax equity investor of the 326MW Stampede solar-plus-storage project and will also acquire the renewable energy attributes from the whole capacity of the solar PV plant.
Net revenues for the quarter (for both CSI Solar and Recurrent Energy, the manufacturing and project development businesses) were US$1.6 billion, a 23% increase from US$1.3 billion in Q1.
As the solar industry continues to grow and evolve, module blending can offer practical solutions for reducing project cost, particularly as antidumping and countervailing duties (AD/CVD) tariffs could be applied to Chinese products and US domestic content is incentivized, writes Burns & McDonnell.
Through a joint venture (JV) between the two companies, Atlas will build the project as part of the Luiz Carlos Solar Photovoltaic Complex in the Southeastern state of Minas Gerais.
According to data from the US Energy Information Administration (EIA) latest report “Preliminary Monthly Electric Generator Inventory”, solar PV accounted for 59% of all additions.
Japanese PV inverter manufacturer Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC) has expanded its footprint in the US with the construction of a 9GW inverter facility.
