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Inflation Reduction Act

Close view of solar tracker manufacturer Array Technologies' new wireless tracker system called SkyLink

Array Technologies sees ‘strong momentum’ with 45X and domestic content credits

November 8, 2024
US solar tracker manufacturer Array Technologies has posted US$231 million in revenues and adjusted EBITDA of US$46.7 million in its Q3 2024 financial results.
Manufacturing at a FREYR plant.

Battery startup Freyr acquires 5GW US module manufacturing plant from Trina Solar

November 7, 2024
Freyr Battery has agreed to acquire a 5GW module manufacturing facility in the US state of Texas from Trina Solar.
As per the agreement, MN8 can issue additional notes in 2026 and 2027 as more projects become operational. Image: Unsplash

Canadian Premium Sand to build 4GW US solar glass facility

November 5, 2024
The company has established a US subsidiary, CPS Glass USA Corp., and has applied for the Department of Energy’s investment tax credit (ITC).
Aerial view of one of the largest US single-phase solar PV projects
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Project briefing: Bringing one of the US’ largest solar developments to life through collaboration, outreach and adaptability

November 4, 2024
Renewables developer Vesper Energy details the construction of the 600MW Hornet Solar plant in Texas, including the IRA impact on the project.
Sunnova

Sunnova posts net losses of US$52.5 million in Q3, maintains US$100 million generation forecast

November 1, 2024
US residential solar installer Sunnova has published its financial results for Q3 2024, which include net losses of US$52.5 million.
Image: First Citizens Bank

First Citizens Bank enters renewables tax equity space

October 30, 2024
Yesterday, the bank launched a new tax equity investment “product” through its Energy Finance business aimed at renewable energy projects.
A First Solar manufacturing facility.

First Solar posts lower sales, revises down end-of-year forecast, in Q3 results

October 30, 2024
First Solar has published its results for the third quarter of 2024, which include lower net sales figures than in the previous quarter.
The Anemoi Energy Storage project.

‘Entire Fortune 500’ looking at clean energy tax credits

October 29, 2024
The whole of the Fortune 500 is looking into clean energy tax credit transferability deals, according to tax credit investment banking firm Foss & Company.
US secretary of the Treasury Janet L. Yellen makes a speech.

US Treasury finalises 45X Advanced Manufacturing tax credit rules

October 24, 2024
The US Treasury has finalised its rules for the 45X Advanced Manufacturing Production Tax Credit under the Inflation Reduction Act.
An Enphase Energy factory.

Enphase lowers Q4 revenue forecast off the back of slow sales

October 24, 2024
Enphase Energy posted revenue of US$380.9 million in the third quarter of 2024, and sold around 1.7 million microinverters.

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