Global demand for solar PV could rise up to 40% in 2023 as favourable economics in the solar sector combine with broad policies like the Inflation Reduction Act (IRA) and REPowerEU schemes.
Large-scale renewable energy developer Intersect Power has secured a revolving credit facility to the tune of US$800 million to support the deployment of its solar, energy storage and wind asset pipeline.
Solar module manufacturer Maxeon Solar Technologies has completed the expansion and renovation of its PV manufacturing plant in Mexicali, Baja California, Mexico.
US community solar owner-operator Summit Ridge Energy (SRE) and Japanese energy firm Osaka Gas USA (OGUSA) have expanded their partnership to construct, own and operate more than 100MW of solar PV in Virginia, the US.
Sunnova aimed to tap into the opportunities in the market as its electricity prices are about US$0.43 per kWh, three times the average power price in the US.
Indian module manufacturer Vikram Solar has formed a joint venture (JV) with private equity firm Phalanx Impact Partners, and venture capital company Das & Co. to develop a vertically integrated solar manufacturing operation in the US.
