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The money raised will support the development of the company’s C&I portfolio of more than 200 projects across the US.

Terrain-following solar trackers are helping address cost and environmental concerns in challenging landscapes, write Nick Price and Dalton Ruddell.

Aside from the 100MW solar PV capacity, the Kitt Solar project is also paired with 400MWh of energy storage capacity.

Arevon said the project, in Kern County, brings its operational renewable energy capacity in California alone to over 3GW.

Representatives from the SEMA Coalition and CEA told PV Tech that the latest 45X proposal does not represent a threat to the 45X as a whole.

Sunstone is set to begin its engineering and procurement phase in early 2025 and start phased construction in 2026.

Swiss solar manufacturer Meyer Burger has secured US$39.48 million to support its restructuring operations and “stabilise” its business.

The company recorded losses of US$179.1 million in Q3, with revenues of US$88.5 million, in a continually difficult year.

US$14 million net losses for the quarter compared with net income of US$4 million in Q2 2024 and US$22 million in Q3 2023.

The US Treasury and IRS have released their final rules for the implementation of the Section 48 Investment Tax Credit (ITC).