Inflation Reduction Act

The growth of global annual solar PV installations will start to slow this year, including the US, according to Woodmac.

Over the last six months, two major US utilities – American Electric Power (AEP) and Duke Energy – have been selling off their commercial solar PV assets to private investment groups and consolidating their operations in regulated markets.

Between US$7 and US$9 billion in transferable tax credit transactions were made last year in the US, according to a report from Crux, an ecosystem for entities to transact and manage transferable tax credits.

Dutch-German solar testing firm Sinovoltaics will expand its operations in the US market as a result of the solar and battery energy storage manufacturing “boom” stimulated by the Inflation Reduction Act (IRA).

Canadian Solar has delivered its first 700W TOPCon modules, which were made in the US, to US solar distributor Signature Solar.

Meyer Burger has started “receiving shipments of equipment and tools” at its newest manufacturing facility in the US state of Arizona.

The US Energy Information Administration (EIA) expects the contribution of solar power to the US’ energy mix to exceed that of hydropower.

First Solar has entered into two separate tax credit transfer agreements to sell US$500 million and up to US$200 million of advanced manufacturing production tax credits to finance tech company Fiserv.

From the world’s largest project being commissioned to a possible downturn for solar manufacturers in 2024, and including the US Department of Treasure releasing guidance from the Inflation Reduction Act. Here, PV Tech runs down its top 10 stories of the past 12 months.

The influx of Chinese modules to Europe, EU's revised solar capacity targets and manufacturing expansion plans in the US were some of the major issues happened in Q3 2023.