United States

First Solar has agreed to pay $38 million to buy Swedish manufacturing startup Evolar AB, as it seeks to expand development of high-efficiency tandem PV tech.

U.S. Homeland Security officers executed a search warrant on a solar panel manufacturing facility in Jacksonville.

US President Joe Biden’s two-year halt on solar import tariffs is designed to create a bridge of supply as the United States ramps up its domestic manufacturing capacity.

US investor KKR’s latest investment builds on its $400 million commitment to Serentica Renewables last year.

The Indian solar manufacturer will sell its made-in-India PV modules in the USA through the newly opened office in Texas. Going forward, it plans to set up an overseas manufacturing facility too.

Chirag Nakrani, director of Rayzon Solar, told pv magazine that their 500 MW PV module manufacturing facility in the USA will start production of TopCon modules by June 2024.  

In the new role, Vikas Bansal is tasked with scaling the international business of GameChange Solar, developing and executing the strategy to enter new markets, and developing delivery capabilities needed to cater to the exponential growth.

ACEN Corp., the renewable energy arm of Filipino conglomerate Ayala Corp., will deploy $250 million equity plus related performance guarantees to support US-based BrightNight’s existing hybrid renewable energy portfolio and future growth in India.     

The investment will fund Tata Power Renewable’s aggressive growth plans as it targets over 20 GW of renewables assets and a market-leading position in the rooftop and electric vehicle charging space across India over the next five years. 

IIT Madras Research Park and US-based First Solar will cooperate on a range of research and development (R&D) activities including the localization of thin film and other next-generation PV technology supply chains in India, high-volume manufacturing, PV module testing, and high-value recycling.