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The investments will protect the grid from the increasing threat of extreme weather and expand grid capacity as demand grows, the DOE said.

Two Kentucky electricity utilities will stall any solar PV capacity additions until 2035 unless solar "becomes more economically competitive".

SB said the "Orion Solar Belt", located in Milam County, northwest of Houston, is expected to qualify for the domestic content bonus credit included under the Inflation Reduction Act (IRA).

At the end of September, total global corporate funding for the sector stood at US$22.3 billion, down from US$28.9 billion at the same point in 2023.

New York governor Kathy Hochul has announced that the state has reached its target of installing 6GW of distributed solar capacity.

US solar project developer Primergy Solar has closed US$350 million in tax equity financing for a 408MWac solar project in Hill County, Texas.

The capacity comes from the Arica solar PV and Victory Pass solar-plus-storage projects in Riverside County, California.

Construction firm ARCO/Murray has been selected to lead the design and construction of Vietnamese solar manufacturer Boviet Solar’s 2GW TOPCon module assembly plant alongside the anticipated solar cell plant in North Carolina, US.

TCL Zhonghuan Renewable Energy is Maxeon's largest shareholder and invested almost US$200 million in the company this year.

Board chair Christine Detrick cited an "ongoing disconnect between the share price and our view of intrinsic value."