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In its final ruling, domestic manufacturing of solar ingots and wafers have been included with a 25% tax credit under Section 48D of the Advanced Manufacturing Investment Credit rules.

2023 was a 'record year' for solar installations, dominated by China which is 'well above the sum of all other markets globally', the IEA said.

Hounen Solar and Solar Long PV-Tech have said they do not have the resources to continue participating in the investigation.

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.