With the US Department of Commerce finding that solar manufacturers in Southeast Asia are circumventing duties on Chinese PV cells, questions have been raised over potential legal challenges that lie ahead and whether American project developers will be able to secure enough modules to meet soaring demand.
Arizona-based solar technology company Erthos, the inventor of Earth Mount Solar PV, has signed an agreement for a 100MWdc+ utility-scale PV installation in Texas. It is the company’s largest contract to date.
French renewables company Voltalia has successfully raised US$516 million through a capital increase that will help build its new production capacity by 2027.
Module-level solar electronics supplier Tigo Energy is due to become a publicly listed company after signing an agreement for a business combination with Roth CH Acquisition IV, a US$117 million special purpose acquisition company.
Galp’s head of Renewable Energy Innovation Centre Emilien Simonot and its environment and CSR manager Claudia Montenegro detail the essential considerations for the solar industry from an ESG perspective.
As of today, less than 10% of the necessary solar and wind power needed for a 2050 global net zero scenario exists, whilst global electricity generation will need to more than triple to 80,000TWh, according to the 2022 BloombergNEF (BNEF) New Energy Outlook.
Solar PV capacity is expected to almost treble over the 2022-2027 period, growing by 1.5TW and will surpass coal as the largest source of power capacity worldwide, according to a report from the IEA.
