Inflation Reduction Act

Uncertainty over tax credits could cause 84% of investors and 73% of developers to decrease their activity in renewable energy, according to ACORE.

Solar and storage projects accounted for 84% of electricity generating capacity added in 2024, with solar seeing 50GW of new capacity.

Suniva, Heliene and Corning have announced plans to build solar modules that will include 66% domestically-produced components.

The US Environmental Protection Agency (EPA) has reportedly unfrozen funds under its US$7 billion Solar For All Programme.

Talon PV and SEG Solar have signed a deal that will see the former provide US-made n-type cells for the latter’s modules.

A report from CEA says that the impact of the new Republican administration on the provisions under the IRA remains “uncertain”.

The projects, with 517MW cumulative capacity, are currently under construction and expected to begin operations by the end of 2025.

The portfolio comprises two projects: the 163MW Starr Solar in Starr County and the 125MW Second Division Solar project in Brazoria County.

Nextracker has published its 2024 financial results, which include revenue of US$679 million in the quarter ending 31 December 2024.

Counties in Texas can expect to receive tax revenue of as much as US$18.8 million by locating a 100MW solar project on their land.