Inflation Reduction Act

"Compliance requirements and regulations are a specific set of information that most of the developers don’t want to go and build that expertise internally.”

US solar developer Vesper Energy has closed US$590 million in financing for its 600MW Hornet solar project in Swisher County, Texas.

Several US senators have urged the Biden Administration to increase tariffs on Chinese-made PV module, cell and wafer imports, claiming they are a threat to US solar manufacturing.

Origis Energy has secured US$317 million in project tax equity for two US solar projects with a combined capacity of 350MWac.

German-based solar wafer producer NexWafe has expanded to the US and is exploring an initial development capacity of 6GW of solar wafers.

Empact Technologies will manage Inflation Reduction Act (IRA) compliance for Ampliform's current and future projects.

The growth of global annual solar PV installations will start to slow this year, including the US, according to Woodmac.

Over the last six months, two major US utilities – American Electric Power (AEP) and Duke Energy – have been selling off their commercial solar PV assets to private investment groups and consolidating their operations in regulated markets.

Between US$7 and US$9 billion in transferable tax credit transactions were made last year in the US, according to a report from Crux, an ecosystem for entities to transact and manage transferable tax credits.

Dutch-German solar testing firm Sinovoltaics will expand its operations in the US market as a result of the solar and battery energy storage manufacturing “boom” stimulated by the Inflation Reduction Act (IRA).