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As 2022 comes to an end, PV Tech is reviewing the year in solar, reflecting on some of the biggest stories and trends of the last 12 months. In today’s review, we look back on the industry’s third quarter, which saw the US sign the Inflation Reduction Act.

Indian module manufacturer Waaree Energies has ramped up its module manufacturing capacity to 12GW to be operational by March 2023.

PV racking and tracker manufacturer Arctech has signed a 2.8GW tracker supply deal for a solar project in the Gujarat region of India.

US solar tracker manufacturer Nextracker has signed a master supply agreement with Amara Raja Power Systems to deliver its trackers to a 306MWp PV project from utility NTPC in India.

Indian independent power producer (IPP) ReNew Power has signed an offtake agreement with tech giant Microsoft for 150MW of solar capacity in India.

Solar module export volumes from China between January and October 2022 were up 86% year-on-year amid strong demand in Europe.

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.

Amazon has expanded its renewable energy presence in India with two solar-wind hybrid projects to be developed in partnership with Vibrant Energy, a subsidiary of Macquarie Green Investment Group.

Imports of solar modules in India decreased by 64% in Q3 2022 compared with the prior quarter whilst cell imports increased by the same amount, according to consultancy JMK Research.

Solar installations in India were up 35% year-on-year (YoY) in Q1-3 2022, but the average system cost went increased 7.5% for the same period, according to consultancy Mercom Capital Group.