Americas

The loan guarantee will allow for the development of up to 200MW of solar PV and 285MW/1,140MWh of standalone BESS in Puerto Rico.

TCL Zhonghuan Renewable Energy is Maxeon's largest shareholder and invested almost US$200 million in the company this year.

Estimates for the whole of 2024, taking into account the numbers of 2023, would put curtailments of renewables at over 4.5TWh, said ACERA.

Board chair Christine Detrick cited an "ongoing disconnect between the share price and our view of intrinsic value."

The US added 18.5GWac of utility-scale solar capacity in 2023, and added 14.3GWac of such capacity in the first eight months of 2024.

In its World Energy Outlook 2024 report, the IEA said that geopolitical tensions and fragmentation are “major risks” for international energy supply security

PV Talk: Govinda Upadhyay, CEO of SmartHelio, gives Ben Willis a sneak preview of an AI-based tool that he believes could herald a “paradigm shift” in tackling PV plant underperformance.

The deal pertains to Runergy’s operations in the US, where it operates a 2GW TOPCon module production facility in the state of Alabama.

US independent power producer (IPP) BrightNight has secured US$260 million in tax-equity finance from investment banks JP Morgan and Capital One, to aid in the development of a 300MW solar PV power plant in Pinal County, Arizona.

Canada has announced up to C$500 million in finance for the country’s Smart Renewables and Electrification Pathways (SREPs) programme.