The Inflation Reduction Act (IRA) is set to boost investment into US renewable energy deployment and manufacturing from US$64 billion in 2022 to US$114 billion by 2031, according to research from Wood Mackenzie, though a mismatch between solar deployment demand and domestic manufacturing capacity may see the sector’s domestic profile lag behind.
Module manufacturer JA Solar has signed a PV module supply agreement with engineering, procurement and construction company Samsung C&T for a PV power plant project in Qatar.
Romania has announced a reduction in VAT for solar PV modules to 5% from 19% as of this week to boost self-consumption and solar uptake across the country.
Qcells has announced plans for a fully integrated US solar manufacturing supply chain, aiming to manufacture solar ingots and wafers in the country as well as expand its module supply capacity.
The first of Trina Solar’s 210mm n-type i-TOPCon solar PV cells have been manufactured at its 8GW facility in Suqian, Jiangsu province, China. The cells are primarily intended for use in the new generation of its Vertex N modules.
SunPower has extended its supply agreement with solar technology company Maxeon until 2025 as it seeks to meet rising demand for residential solar in the US.
India has undershot its 2022 renewable energy target by 30% amidst solar module supply shortages, according to research by renewables consultancy Bridge To India.
Chinese solar PV manufacturer Talesun and French renewable energy giant Neoen have entered into a strategic partnership to develop both companies’ presence and expansion in the European PV market.
