Canadian solar manufacturer Heliene has announced plans to build around 1GW of solar module assembly and 1.5GW of solar cell production capacity in the US.
There are currently over 40GW of Chinese-made solar modules in storage across Europe with a cumulative value of around €7 billion (US$7.8 billion), according to data from research firm Rystad Energy.
The IRS’ guidance on the domestic content tax bonus for solar projects under the IRA “makes it difficult for developers to attempt to access the 10% bonus ITC”, according to Martin Pochtaruk, president of North American solar PV manufacturer Heliene.
The US Department of Energy (DOE) has released US$45 million in funding to support domestic solar manufacturing and dual-use PV projects, US$18 million of which is issued under the Bipartisan Infrastructure Law.
Germany’s Federal Ministry of Economics and Climate Protection (BMWK) has launched a request for expressions of interest (EoI) to boost the country’s solar PV manufacturing supply chain.
Indian module manufacturer Vikram Solar has formed a joint venture (JV) with private equity firm Phalanx Impact Partners, and venture capital company Das & Co. to develop a vertically integrated solar manufacturing operation in the US.
Europe will surpass its 30GW solar PV manufacturing target by 2025 if the right industry and policy conditions are met, according to a report by the European Solar PV Industry Alliance (ESIA).
All developers active in the US market will increase their renewable energy development, while over 60% will participate in domestic clean energy manufacturing buildout.
