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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).

TotalEnergies has sold a 50% stake in a 2GW US solar and energy storage portfolio and acquired German renewable energy developer VSB Group.

PV Talk: With most US clean energy projects located in Republican states, and their economic benefits flowing to the constituents of such states, Carl Fleming, partner at law firm McDermott Will & Emery, says the IRA tax credits for renewables should stay in place despite next year's regime change.

The contracts are spread across 23 large-scale renewables projects, 19 of which are solar PV projects with a combined 1.5GW capacity.