The US could exceed 50GW of solar manufacturing capacity by the end of this decade with the right application of incentives included in the country’s newly passed Inflation Reduction Act.
US solar players have hailed the country’s landmark Inflation Reduction Act (IRA), signed into law by President Joe Biden this week, as a once-in-a-generation legislation that lays the groundwork for accelerated PV deployment and a significant ramp-up in domestic manufacturing.
A secure transition to net zero emissions globally will require countries to diversify and expand the production of solar modules, whose supply chains are heavily concentrated in China, according to new research from the International Energy Agency (IEA).
Nextracker will supply 1.5GW of its solar trackers to US independent power producer (IPP) Silicon Ranch as part of a new agreement between the companies.
The European Union (EU) should set higher solar PV deployment targets and speed up the energy transition to phase out its energy dependency on Russia as soon as possible, according to five member states of the bloc.
India’s expanded production-linked incentive (PLI) scheme for solar manufacturing could be altered to encourage more domestic PV players to participate.
India is set to double its solar module manufacturing capacity in the next two years, with the sector boosted by government support schemes and new entrants exploring the market, according to JMK Research & Analytics.
President Joe Biden used his first State of the Union address to emphasise the need for more renewables investment and tax incentives to speed up solar deployment.
Indian module manufacturer Waaree Energies is taking advantage of rising interest in its products from export markets as it looks to maintain a full order book, the company’s CEO has said.
India must scale up investment in the large-scale domestic manufacture of upstream PV products to avoid the risk of logistics and commodity price fluctuations posed by its current high levels of solar imports, new research has suggested.
