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Enphase Energy's financial results follow a wider trend in the inverter market, which has seen major players struggle to adapt.

The US has surpassed 50GW of annual nameplate capacity for module capacity, according to the Solar Energy Industries Association (SEIA).

The projects, with 517MW cumulative capacity, are currently under construction and expected to begin operations by the end of 2025.

This comes after the IPP received siting permit and a formal notice to proceed with construction from the New York Office of Renewable Energy Siting and Transmission (ORES).

Indian solar manufacturer Premier Energies has put under review its plan to build a solar cell plant in the US due to policy uncertainty.

The site will produce 3GW of passivated emitter rear contact (PERC) crystalline silicon solar cells by Q3 2025, ES Foundry said in an announcement.

US president Donald Trump has brought in new tariffs on China with 10% and Canada with 25%, while Mexico tariffs have been halted for a month.

The portfolio comprises two projects: the 163MW Starr Solar in Starr County and the 125MW Second Division Solar project in Brazoria County.

The company announced last week that the Desert Quartzite project in Riverside County, California, began operations in December 2024.

In total, 30 of the projects are solar PV – either utility-scale or distributed energy generation (DER) – and would add 2.8GW of capacity.