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The US$334 million will support the construction of the 200MW Branch and the 50MW Genesee Solar projects in Michigan.

Meta has signed offtake deals for various utility-scale PV projects, many of which are in Texas, where it has relocated some operations.

US independent power producer (IPP) Catalyze has secured US$400 million in debt facility from investment firm ATLAS SP Partners.

Adapture Renewables has acquired a 110MW solar-plus-storage project from Samsung C&T Renewables in Colorado.

Louth Callan Renewables will build two new solar projects in the US state of Delaware, with a combined capacity of 213MW.

The US has introduced a flat 25% tariff on all imported steel and aluminium to close loopholes and boost US manufacturing capabilities.

Arevon Energy has secured US$509 million in financing for its Kelso 1 and 2 PV projects in Missouri, which have a combined capacity of 430MW.

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

The investment will allow the company to build a commercial-scale perovskite manufacturing plant in the US.

The deal values National Grid Renewables - the US project development arm of the UK's National Grid - at approximately US$1.735 billion.