Greetings, fellow solar enthusiasts! Today, I’m thrilled to bring you some of the latest happenings in the industry that continue to illuminate the path towards a more sustainable energy future.
Starting with some exciting developments from Meyer Burger, a key player amongst solar companies. The company is moving full-steam ahead with the transition of its core business from Germany to the U.S. Here’s the shining star: production of heterojunction solar modules is kicking off, and funding for a new cell plant is well underway. Folks, that’s a testament to the growing momentum in the solar industry right here in our own backyard.
On the topic of individual investment in solar, let’s demystify the concept of solar tax transfer for smaller projects. Smaller transactions have typically been overshadowed by million-dollar minimum tax credit transactions. However, changes are afoot, as marked by Basis Climate’s recent completion of its smallest IRA transferable tax credit deal. So, if you’re thinking of installing solar panels for your home, this could be a golden opportunity to reap the financial benefits!
Ever wondered about the fabrication process of those shiny solar panels? Good news! Origami Solar has forged alliances with steel equipment producers in Ohio and Texas to enable swift shipping of steel solar module frames from the fabricator to the module manufacturer in just one to two days. This is a significant move to enhance the efficiency of the solar array for home, speeding up the process for homeowners like you and me!
In an intriguing turn of events, ‘module prices surprisingly keep going down.’ The market is currently witnessing incredibly low bids for Chinese module procurement, while the $0.08/W threshold seems hard to surpass. As we grapple with these shifting sands, I foresee manufacturers reconsidering capacity expansion plans and renegotiating module supply contracts.
Expanding the lens to encompass international considerations, cultural aspects are vital to comprehend, whether it’s about site selection, workforce management, or the application of manufacturing standards. As I often say, the world of solar is indeed as diverse as our own planet.
Last but not least, let’s shift our gaze to Detroit, where the city is gearing up to install solar in largely vacant neighborhoods. With plans to develop a hefty 33 MW of solar power, the municipal buildings will soon be basking in the glow of sustainably harvested sunlight.
On a final note, solar panel prices are projected to stabilize in the latter half of this year or early 2025, suggesting a seamless capacity expansion for top Chinese manufacturers. Yet, without significant incentives, Europe may face challenges in reestablishing a domestic PV supply chain.
Stay tuned for future posts as we continue to explore the transformative impact of solar energy worldwide!
Original Articlehttps://pv-magazine-usa.com/2024/06/26/sunrise-brief-7/
