Inflation Reduction Act

SB Energy has raised a massive US$2.4 billion in funding to support the construction of 1.3GW of new solar capacity in the US.

Renewable energy financier Excelsior Energy Capital has closed US$1.3 billion in financing for its recently-acquired 682.5MW Faraday solar PV project in Utah County, Utah, US.

Nevados says the trackers can help developers and owner-operators qualify for bonus tax credits for domestic content under the Inflation Reduction Act (IRA).

US EPC company McCarthy Building Companies has begun construction on four solar PV projects in Texas and Arizona, with a view to achieving compliance with IRA incentives.

US renewables asset manager Arevon Energy has reached financial close on its 157MW/150MW (600MWh) Vikings solar-plus-storage project in Imperial County, California.

Soltec is aiming to double its US revenues between 2022 and 2025, and this work could be a blueprint for other European solar players.

US residential solar installer Sunnova's new customer addition slightly dropped to over 37,000 in the third quarter this year, while its net loss in the same quarter increased to US$56.5 million year-on-year.

PV Tech Premium speaks to Gautam Solar, about its plans to double its module manufacturing capacity to 2GW by the end of this year.

The US Department of Energy (DOE) announced a new tax incentive last week (19th October) for solar and wind projects in low-income and “underserved” communities, as well as Tribal lands.

North American solar power purchase agreement prices increased 4% in Q3, following a decline in prices in Q2.