Inflation Reduction Act

The US Treasury and IRS have released their final rules for the implementation of the Section 48 Investment Tax Credit (ITC).

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 US added 8.6GW of new solar capacity in the third quarter of this year and began solar cell manufacturing for the first time since 2019.

Two US representatives have submitted a resolution to amend the 45X Advanced Manufacturing Production Tax Credit (PTC) in the US.

Wood Mackenzie director of energy transition practice, David Brown, said that a Trump administration 'will not change' demand for solar PV in the US in the 'near term'.

Freyr told PV Tech Premium that its acquisition of a Trina solar plant aims to build a solar and storage manufacturing space in the US.

US solar tracker manufacturer Array Technologies has posted US$231 million in revenues and adjusted EBITDA of US$46.7 million in its Q3 2024 financial results.

Freyr Battery has agreed to acquire a 5GW module manufacturing facility in the US state of Texas from Trina Solar.

The company has established a US subsidiary, CPS Glass USA Corp., and has applied for the Department of Energy’s investment tax credit (ITC).

Renewables developer Vesper Energy details the construction of the 600MW Hornet Solar plant in Texas, including the IRA impact on the project.