A US development agency has approved up to US$500 million of debt financing for First Solar to support the manufacturer in setting up a thin film module production plant in India.
First Solar is actively exploring future capacity manufacturing locations after recording a surge in demand, both domestically and internationally, amidst supply chain obstacles impacting the PV industry.
Swedish thinfilm solar cell manufacturer Midsummer will receive roughly €38 million (US$44 million) worth of financial incentives to build a 50MW factory in Bari, Italy.
Making room for solar installations is one of the industry's greatest challenges in Europe as countries seek to meet their net-zero targets. Edith Hancock explores the ways developers and trade associations are fitting new capacity where they can.
Solar perovskite start-up Evolar has sourced investment from Norwegian renewables investor Magnora as it targets rapid commercialisation of the technology.