Americas

At the end of September, total global corporate funding for the sector stood at US$22.3 billion, down from US$28.9 billion at the same point in 2023.

New York governor Kathy Hochul has announced that the state has reached its target of installing 6GW of distributed solar capacity.

US solar project developer Primergy Solar has closed US$350 million in tax equity financing for a 408MWac solar project in Hill County, Texas.

The capacity comes from the Arica solar PV and Victory Pass solar-plus-storage projects in Riverside County, California.

Construction firm ARCO/Murray has been selected to lead the design and construction of Vietnamese solar manufacturer Boviet Solar’s 2GW TOPCon module assembly plant alongside the anticipated solar cell plant in North Carolina, US.

Dominion Energy Virginia has outlined plans for meeting future power demand, including an additional 12GW of PV and 4.5GW of battery storage.

The loan guarantee will allow for the development of up to 200MW of solar PV and 285MW/1,140MWh of standalone BESS in Puerto Rico.

TCL Zhonghuan Renewable Energy is Maxeon's largest shareholder and invested almost US$200 million in the company this year.

Estimates for the whole of 2024, taking into account the numbers of 2023, would put curtailments of renewables at over 4.5TWh, said ACERA.

Board chair Christine Detrick cited an "ongoing disconnect between the share price and our view of intrinsic value."