The US Department of Treasury and Internal Revenue Service (IRS) have released guidance pertaining to the domestic content bonus included in the Inflation Reduction Act (IRA); solar PV projects will need to meet requirements for both their PV and their steel components in order to benefit.
Solar developer Recurrent Energy, a subsidiary of Canadian Solar, has signed an aggregated virtual power purchase agreement (PPA) with several offtakers for its 100MW solar PV project in Liberty County, Texas.
Renewable energy developer MPC Energy Solutions has expanded its footprint in Latin America by entering the Panamanian market, taking a step forward to strengthen its portfolio in the region.
Chilean solar developer Verano Energy has acquired 296MW of solar PV projects in Colombia, bringing its Latin American renewables portfolio to over 3GW.
Combining solar plants with agriculture is becoming more prevalent in markets globally, increasing the availability of sites for new PV projects while reducing land-use conflicts. Will Norman details how the industry can take advantage of agrivoltaic opportunities while navigating construction, operation and maintenance challenges.
The majority of the US solar industry has said that supply chain issues worsened in 2022, whilst a similar proportion also said that they expect to expand their businesses in 2023 directly because of the Inflation Reduction Act (IRA).
Solar module supplier Maxeon has started evaluating the possibility of expanding its manufacturing capacity in the US with a cell and module assembly plant.
Solar tracker and software provider Nextracker more than doubled its adjusted EBITDA in the financial year (FY) ending March 2023 compared with the previous year, up to US$209 million from US$92 million.
Falling solar module prices in recent years mean it can be beneficial to oversize the DC capacity in PV plants. John Leslie of BTY presents findings from a study that suggests developers should, in certain cases, investigate using higher DC/AC ratio designs.
