IRA

First Solar is selling up to $700 million of 45X Advanced Manufacturing Production tax credits to Fiserv to become a clean-energy leader and reduce reliance on Chinese-made components. $0.96 of credits per $1 of tax will be received in 2024.

The funding will certainly support the implementation of Sustainable Community Networks (SCNs) throughout California. The funds realization will be based on expected sales volumes, system size as well as rates.

U.S. polymer backsheet maker Endurans Solar introduced it would boost its production capacity at its Nashua, New Hampshire, factory to satisfy the expanding demand for domestic photovoltaic panel backsheets. The company is likewise searching for a 2nd manufacturing website, with the added tax credits backsheet suppliers will receive of 40 cents/ m2 via the Inflation Reduction Act.

US solar tracker manufacturer FTC Solar has actually reduced its net losses compared to last quarter and also Q2 2021 however has seen its revenue collapse, condemning a hostile solar market environment in the US that has seen project hold-ups and also cancellations, which it stated it now hoped was pertaining to an end.