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.
Reshoring crystalline silicon PV panel manufacturing to the United States by 2035 could cut greenhouse gas emissions by 30% and energy consumption by 13% from 2020 levels, according to scientists from Cornell University.
When US President Joe Biden signed the $369 billion Inflation Reduction Act into law in August, it was lauded as the world’s most significant policy to combat climate change. However, some international critics and competitors claim the landmark bill thwarts their plans to foster green manufacturing at home. Australia is one country realizing that it may have already been left behind.
The photovoltaic industry is expected to achieve annual global expansion of 300 GW as early as this year. That sounds like a lot, but is it enough? In view of climate change and rising energy demand, it is time for a new vision.
The Inflation Reduction Act (IRA) has opened a new door for US solar manufacturers, as one of the executives behind a US-Jordanian project to bring PV production to the US explains.
If Europe is to come up with its own Inflation Reduction Act moment, and incentivize a return of EU solar manufacturing leadership, it must lift state-aid related restrictions on the PV manufacturers who have announced a willingness to build 30 GW of production lines.
Ambitious targets for solar energy generation present challenges to an industry keen to explore new avenues for solar production. Neil Spann, chief executive of UK thin film solar manufacturer Power Roll, describes a commercial solution to the problems of over reliance on silicon solar modules.
Poland was the EU’s biggest solar jobs market last year, thanks to a national rooftop incentive program, but Germany’s push to repatriate solar manufacturing will help the bloc’s PV powerhouse back to the number one slot in three years’ time, according to SolarPower Europe.
JA Solar, TCL Zhonghuan, GCL Tech, and Ganfeng Lithium all announced increasing profits and revenue. Meanwhile, JinkoSolar expands its hydrogen business and Xinte Energy secures another big polysilicon supply deal.
Wood Mackenzie says Europe would need to dramatically raise its PV production capability to ensure the 420 GW-plus of new solar it wants this decade does not arrive in the form of Asian panels.
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