capacity expansion

Solar module supplier Maxeon has started evaluating the possibility of expanding its manufacturing capacity in the US with a cell and module assembly plant.

Indian module manufacturer Navitas Green Solutions (Navitas Solar) has raised US$5 million aimed to expand its current solar manufacturing capacity.

French solar company Reden Solar has announced a plan to increase its new solar module production capacity to 200MW a year by 2024.

The UAE should increase its solar PV generation capacity sixfold by 2030, rising to 7.3GW, according to the latest report from the Emirates Water and Electricity Company (EWEC).

JinkoSolar has finished 2022 with 44.5GW of solar modules shipped globally and expects to have 60% of all shipments in 2023 from its n-type products.

JA Solar intends to fund the construction of a major PV manufacturing facility by issuing convertible bonds to raise up to RMB8.96 billion (US$1.3 billion).

Tongwei held a signing ceremony last week for a 120,000-ton high-purity crystalline silicon project it plans to set up in China’s Sichuan province.

Renewables developer Fotowatio Renewable Ventures (FRV) has declared its entry into the German market, opening its first German office in Munich in December and expressing the intention to develop 2GW of solar and energy storage assets in the next four years.

The Inflation Reduction Act (IRA) is set to boost investment into US renewable energy deployment and manufacturing from US$64 billion in 2022 to US$114 billion by 2031, according to research from Wood Mackenzie, though a mismatch between solar deployment demand and domestic manufacturing capacity may see the sector’s domestic profile lag behind.

Nearly two-thirds of US generating capacity additions in the next three years will be fulfilled by solar, with the technology’s share of power generation in the country set to almost double, according to a report from the Federal Energy Regulatory Commission (FERC).