OCI Holdings to build 2GW solar cell plant in Texas
Through its US subsidiary, Mission Solar Energy, the Korean company will invest US$265 million in the construction of the plant.
Through its US subsidiary, Mission Solar Energy, the Korean company will invest US$265 million in the construction of the plant.
Uncertainty over tax credits could cause 84% of investors and 73% of developers to decrease their activity in renewable energy, according to ACORE.
The US$334 million will support the construction of the 200MW Branch and the 50MW Genesee Solar projects in Michigan.
Meta has signed offtake deals for various utility-scale PV projects, many of which are in Texas, where it has relocated some operations.
US independent power producer (IPP) Catalyze has secured US$400 million in debt facility from investment firm ATLAS SP Partners.
Adapture Renewables has acquired a 110MW solar-plus-storage project from Samsung C&T Renewables in Colorado.
Louth Callan Renewables will build two new solar projects in the US state of Delaware, with a combined capacity of 213MW.
The US has introduced a flat 25% tariff on all imported steel and aluminium to close loopholes and boost US manufacturing capabilities.
Arevon Energy has secured US$509 million in financing for its Kelso 1 and 2 PV projects in Missouri, which have a combined capacity of 430MW.
Solar and storage projects accounted for 84% of electricity generating capacity added in 2024, with solar seeing 50GW of new capacity.