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US Issues Final Rules on Investment Tax Credit for Clean Energy Projects

The U.S. Department of the Treasury has issued final regulations for the Section 48 Energy Credit, also known as the Investment Tax Credit (ITC), which typically...

December 9, 2024

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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US Finalizes Manufacturing Production Credit Rules for Clean Energy Components

The U.S. Department of Treasury and the Internal Revenue Service (IRS) have released the final Advanced Manufacturing Production Credit regulations to boost the growth...

October 25, 2024

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Arjun Joshi

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Markets & Policy

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Renewable Energy
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Daily News Wrap-Up: MNRE Sets up Directorate for Rooftop Solar Program

The Ministry of New and Renewable Energy (MNRE) has constituted a mission directorate to implement the PM-Surya Ghar: Muft Bijli Yojana to ensure the achievement of the...

June 4, 2024

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Mercom Staff

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Daily Wrap-up
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US Proposes Expanding New Clean Electricity Production Tax Credits

The U.S. has proposed new incentives under the Inflation Reduction Act (IRA) by offering tax credits for electricity produced with low or zero greenhouse gas emissions,...

June 3, 2024

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Arshreet Singh

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Solar

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Wind
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Nextracker Q4 Net Income Soars 710%, Revenue Up 42% on Robust Demand

Solar tracker firm Nextracker‘s fourth-quarter revenue jumped 42% to $737 million in financial year (FY) 2024 from $518 million last year, reflecting robust demand...

May 16, 2024

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Arshreet Singh

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Finance and M&A

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Solar
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US Senators Call for Incentivizing Domestic Production of Solar Wafers

A group of U.S. senators has asked Treasury Secretary Janet Yellen to ensure that domestic production of wafers and polysilicon used in the manufacturing of solar...

March 4, 2024

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B.S. Nagaraj

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Markets & Policy

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Solar
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GameChange Solar to Expand US Tracker Manufacturing by 11 GW  

Solar tracking solutions supplier GameChange Solar (GCS) is expanding its annual tracker manufacturing capacity in the U.S. from 24 GW to 35 GW. This increase in...

February 23, 2024

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Staff

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Manufacturing

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Solar
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Meyer Burger Plans to Shut Down German Module Facility and Relocate to US

Meyer Burger Technology, a Europe-based solar cell and module manufacturer, has started the process of shutting down its manufacturing facility in Freiberg, Germany. The...

January 19, 2024

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Satish Shetty

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Manufacturing

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Markets & Policy

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Solar
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First Solar Plans to Offload IRA Tax Credits Worth $700 Million

U.S.-based solar technology company First Solar has entered into two separate tax credit transfer agreements to sell $500 million and up to $200 million of Inflation...

December 29, 2023

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Arjun Joshi

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Manufacturing

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Markets & Policy

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Solar
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US Treasury Announces Guidance on 45X Advanced Solar Manufacturing Tax Credit

The U.S. Department of Treasury and the Internal Revenue Service (IRS) have proposed regulations and provided guidance to the advanced manufacturing production credit...

December 20, 2023

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Arjun Joshi

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Other

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Renewable Energy
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SB Energy Secures $2.4 Billion for Domestic Renewable Projects in US

SB Energy Global, a U.S.-based integrated renewable energy platform, has secured $2.4 billion to support the development of renewable energy projects focusing on the...

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Suniva to Restart Solar Cell Manufacturing in US with 1 GW Capacity

Suniva, a United States-based monocrystalline silicon solar cells manufacturing company, has announced the restart, upgrade and expansion of operations of its solar cell...

October 13, 2023

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Staff

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Manufacturing

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Solar
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Meyer Burger to Expand in US with 2 GW Solar Cell Factory

Switzerland-based solar panel manufacturer Meyer Burger has announced it would set up a 2 GW solar cell factory in Colorado Springs, Colorado. The company said the move...

July 25, 2023

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Gautamee Hazarika

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Manufacturing

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Markets & Policy

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Solar
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Corporate Funding for Solar Rises 54% YoY to $18.5 Billion in First Half of 2023

The total global corporate funding in the solar sector during the first half (1H) of 2023, including venture capital (VC) investments, public market funding, and debt...

July 17, 2023

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Gautamee Hazarika

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Finance and M&A

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Mercom Research Focus

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Solar
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Demand for Clean Hydrogen in US to Grow to 50 MMT by 2050

The demand for clean hydrogen (H2) is set to grow by 10 million metric tons (MMT) annually by the end of the decade in the United States, while it will rise to 20 MMT...

June 7, 2023

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Gourav Mishra

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Markets & Policy

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Other Energy

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