US solar industry players gathered on the White House lawn yesterday to celebrate the Inflation Reduction Act (IRA), one month after it was signed into law.
Having successfully completed its transition from a solar equipment provider to a heterojunction cell and module manufacturer, Meyer Burger is looking to build on a major supply deal last month as it works to ramp up production capacity in the US.
Thin-film solar manufacturer First Solar will invest up to US$1.2 billion to expand its manufacturing operations in the US, including setting up a vertically integrated factory in the country’s Southeast with an annual capacity of 3.5GWdc.
PV project developer and EPC firm SPI Energy has signed a letter of intent to secure 1.5GW of solar wafer manufacturing equipment for a US production facility.
The Inflation Reduction Act (IRA) is expected to add an extra US$110 billion in investment for utility-scale solar in the US by 2030, increasing the country's utility-scale deployment by more than 70GW.
Maxeon Solar Technologies exceeded both its volume and revenue guidance in Q2 2022 thanks to the strong performance of its distributed generation (DG) business in the EU and its utility-scale projects in the US.
US solar tracker manufacturer FTC Solar has cut its net losses compared with last quarter and Q2 2021 but has seen its revenue collapse, blaming a hostile solar environment in the US that has seen project delays and cancellations, which it said it now hoped was coming to an end.
