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ANALYSIS: As President Trump makes his first move to reduce support for US PV manufacturing, attention is turning to the far more significant Inflation Reduction Act.

Xinzi Optoelectronics Technology, has submitted an initial public offering (IPO) application as it looks to list on the US NASDAQ market.

The president said the move was “necessary to advance the policy of the United States to restore common sense to the Federal Government."

Located in the southern state of Mississippi, the Wildflower Solar project is the first investment in the state from the developer.

Through its US subsidiary, Mission Solar Energy, the Korean company will invest US$265 million in the construction of the plant.

Uncertainty over tax credits could cause 84% of investors and 73% of developers to decrease their activity in renewable energy, according to ACORE.

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

US community solar project developer Dimension Energy has upsized its corporate credit facility from US$150 million to US$300 million.

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

Construction of the solar cell plant is expected to begin in mid-year 2025 with commercial production beginning in the second half of 2026.