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Arevon Energy has secured US$509 million in financing for its Kelso 1 and 2 PV projects in Missouri, which have a combined capacity of 430MW.

Solar and storage projects accounted for 84% of electricity generating capacity added in 2024, with solar seeing 50GW of new capacity.

The companies aim to develop the C&I portfolio over the next two years. Development on the first sites, which will be owned and operated by Radial, has already begun.

Suniva, Heliene and Corning have announced plans to build solar modules that will include 66% domestically-produced components.

The US Environmental Protection Agency (EPA) has reportedly unfrozen funds under its US$7 billion Solar For All Programme.

Adapture Renewables has secured US$321 million in finance from MUFG to support the development of a 441MW solar portfolio in the US.

The investment will allow the company to build a commercial-scale perovskite manufacturing plant in the US.

Asset underperformance cost the global solar sector a record US$10 billion in lost revenue in 2024, according to Raptor Maps.

Array Technologies expects that 100% of its trackers will be eligible for domestic content benefits n the first half of 2025.

Despite revenue improvements, the company signalled doubts over its ability to continue operations and stay afloat over the coming year.