In 2023, a collective US$1.8 trillion went towards energy transition technologies and their supply chains, including solar PV and other renewable generation, grids, electrified transport and clean tech factories.
Earlier this month California-based solar manufacturer Auxin Solar announced that it was suing the US Department of Commerce (DOC) and Customs & Border Patrol over unclaimed payments from the antidumping and countervailing duty (AD/CVD) tariffs.
Over the last six months, two major US utilities – American Electric Power (AEP) and Duke Energy – have been selling off their commercial solar PV assets to private investment groups and consolidating their operations in regulated markets.
Between US$7 and US$9 billion in transferable tax credit transactions were made last year in the US, according to a report from Crux, an ecosystem for entities to transact and manage transferable tax credits.
According to Syliva Levya Martinez, principal analyst of North American utility-scale solar at Wood Mackenzie: “These are not the last of these types of transactions we’re going to see”.
US cadmium telluride (CdTe) thin film solar module manufacturer First Solar has acquired a new facility in Ohio to support its distribution operations.
Danish renewables developer Ørsted has signed a 15-year power purchase agreement (PPA) to supply 80MW of solar PV power in the US to media company Bloomberg.
