Australia’s Prime Minister has announced an Inflation Reduction Act-style investment package to stimulate a domestic clean energy manufacturing industry.
Renewable energy financier Excelsior Energy Capital has signed a 2GW solar module supply agreement with Canadian-headquartered solar manufacturer Heliene.
The report identified access to capital and upfront investment as the key method by which the government could support the expansion of a PV manufacturing industry in Australia.
The White House must “act immediately to solve the urgent issues interfering with investment in domestic solar manufacturing”, according to a statement from the Solar Energy Manufacturers for America (SEMA) coalition.
Chinese solar manufacturing giant Canadian Solar shipped 30.7GW of solar modules and posted US$274 million in net income in 2023, both “record” figures for the company.
