us solar

FTC Solar narrowed its loss in Q4 2022 and is expecting improvement in operation this year thanks to the recovery in the US market.

A round-up of the latest PV project news from the US, including two funding news, construction of solar projects in Florida and Renewable Properties closing its Fund 8 portfolio with two financing partners.

PV balance of system (BOS) solutions provider Shoals Technologies is expected to continue its growth this year thanks to the increased demand for its new products, while its adjusted EBITDA in 2022 increased by more than 47.8% year-on-year, according to the latest financial results.

Solar developer Heelstone Renewable Energy has closed a US$175 million credit facility with investment company BlackRock.

Solar and energy storage project development company Savion has signed an agreement to buy 2.6GWdc of modules from First Solar.

Government policies have hampered the development of the solar industry in the US, but the situation improved in the second half of 2022 thanks to a reversed decision, according to a BloombergNEF study.

Arizonan utility Salt River Project (SRP) has issued an all-source request for proposal (RFP) seeking at least 500MW of renewables by May 2027.

Solar PV generation in the US during 2022 has increased by 24.14% year-on-year according to the country’s Energy Information Administration (EIA) latest report.

Energy company AES Corporation expects to complete 3.4GW of new renewable energy projects globally in 2023.

US residential solar installer Sunnova lost US$20.9 million in Q4 2022, while its net loss attributable to shareholders in 2022 amounted to US$161.6 million last year, according to its latest financial results announcement.