Inflation Reduction Act

Data released this week by American Clean Power Association (ACP) showed that, since mid-2022, US$500 billion of investment has been planned for clean energy production and generation projects in the US.

Competitive deal processes are rising in the US tax credit transfer market for clean energy technologies, according to Crux.

US firm Sunnova has reported reduced losses in the second quarter of 2024, with losses falling to US$79.7 million.

The “American Tax Dollars for American Solar Manufacturing Act” was introduced yesterday by a bipartisan group of senators.

Crux said that the tax credit transferability market has “outpaced expectations” from when the Department of Treasury released guidance on the scheme in June 2023.

US solar manufacturer First Solar has opened its new research and development (R&D) centre in Ohio after almost two years of construction.

Liquidity is rising at great pace in US tax credit transferability for clean energy, helping lenders become comfortable with the market.

The US Solar Energy Manufacturers for America (SEMA) coalition has reiterated its calls for an update to the Domestic Content tax credit for solar products.

US solar racking producer Unirac has said that its mounting and racking systems can help solar developers qualify for Domestic Content tax credits.

New antidumping and countervailing duty (AD/CVD) tariffs in the US could result in increased solar cell and module costs “to a level that significantly restricts solar supply and installations in the US”, according to new analysis from Clean Energy Associates (CEA).