Americas

US solar power purchase agreement (PPA) prices continued to climb in Q4 2022, as supply chain blockages and uncertain legislation increase costs for developers, according to renewables transaction infrastructure provider LevelTen Energy.

CubicPV, a US solar manufacturer backed by Bill Gates’s Breakthrough Energy Ventures, is looking to leverage support included in the country’s Inflation Reduction Act (IRA) to set up what it claims will be the largest PV wafer manufacturing facility outside of China.

Investment in the global energy transition totaled US$1.1 trillion in 2022 according to analyst firm BloombergNEF, reaching parity with investment in fossil fuels for the first time ever.

Renewables investment firm Copenhagen Infrastructure Partners (CIP) has sold the entire ownership interest in the Travers solar project in Canada.

Lawmakers from both sides of the US House of Representatives have issued a resolution to repeal President Joe Biden’s waiver on solar import tariffs from Southeast Asia.

NextEra Energy has reported a 16.1% increase in net attributable profit for 2022, while it has also introduced growth outlook through 2026.

Tesla navigated supply chain challenges to deploy 348MW of solar in 2022, the company’s highest install figure since 2017, when it added 523MW.

Solar PV manufacturer Qcells has signed a deal with Microsoft to supply at least 2.5GW of its modules to projects from which the tech giant will purchase renewable energy.

The US and Europe saw relatively modest increases in the average prices of solar power purchase agreements (PPA) in Q4 2022; 4% and 3% respectively.

US hydrogen production company Element Resources has announced a plan to build and operate a new facility in Lancaster, California, producing 20,000 tons of renewable hydrogen annually.