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The 3.3GW nameplate capacity facility will produce silicon ingots, wafers, cells and modules in what will be the largest vertically integrated solar manufacturing hub in the US.

The new system builds on the capacities of DuraTrack and OmniTrack offerings, reducing dependence on power grids and adding more flexibility and optimisation possibilities.

In the three months to 30th June 2024, SunRun generated total revenue of US$523.8 million, down YoY from US$590.1 million in Q2 2023.

This is JERA Nex’s first foray into the US solar market and was executed in partnership with JERA Americas.

The US Department of Energy (DOE) has invested US$2.2 billion in the grid across eight projects covering 18 states.

The US$309 million back-leveraged term loan will support 80 community solar projects owned by Summit Ridge Capital Holdings, a joint venture (JV) between Summit Ridge Energy and HASI

Renewables service provider RNWBL has partnered with US-based PV recycling firm Solarcycle to recycle and reuse solar panels under RNWBL’s commercial and industrial (C&I) operations.

SunPower also entered into an asset purchase agreement with residential solar company Complete Solaria to serve as the stalking horse buyer.

This is the second acquisition in a little bit over a month for Nextracker after the acquisition of US-based solar foundation company Ojjo.

US independent power producer (IPP) BrightNight has secured a US$440 million investment from Goldman Sachs.