Americas

Last week’s collapse of Silicon Valley Bank (SVB) has brought doubts in terms of capital financing for the renewable industry with a big impact on the community solar market as the entity had financed up to 62% of the US community market.

Renewable energy company Leeward Renewable Energy has closed financing for its solar project 'Horizon solar facility' in Texas. 

Distributed energy platform Scale Microgrids has acquired over 100MW of community solar projects in New York from Netherlands-based developer Gutami.

The Q1 2023 edition of our downstream solar journal, PV Tech Power, is now available to download, including comprehensive coverage of agrivoltaics across several markets.

US residential solar installer Sunnova has secured 38MW in the recent Forward Capacity Auction 17 (FCA17) launched by ISO New England.

Solar PV manufacturer QCells has announced that Dr. Danielle Merfield will join the company as its new global chief technology officer, with a view to accelerating its US technological advances.

US independent power producer (IPP) Navisun has secured financing of up to US$235 million through two debt facilities, which it says will contribute to its growth strategy and executing its project pipeline.

JinkoSolar has finished 2022 with 44.5GW of solar modules shipped globally and expects to have 60% of all shipments in 2023 from its n-type products.

US PV manufacturer Silfab has closed a US$125 million investment led by ARC Financial Corp to fund a 1GW solar cell manufacturing facility in the US.

After the passing of the Inflation Reduction Act (IRA) into law, solar PV and storage are expected to create up to 115,000 manufacturing workers in the US by 2030.