US solar developers to spend $6B to boost domestic panel supplies

The consortium will invest $6B as it recruits solar panel manufacturers in a long-term strategic plan to supply up to 7GW of solar modules per year from 2024

A group of U.S. solar energy project developers on Tuesday said they would jointly spend about $6 billion to support expansion of the domestic solar panel supply chain.

The U.S. Solar Buyer Consortium, which includes developers AES Corporation AES.N, Clearway Energy Group, Cypress Creek Renewables and DE Shaw Renewable Investments, said in a statement that the funds would address current supply chain issues.

Since the start of the pandemic, companies that buy solar panels for large power plants have struggled with global supply chain disruptions that have driven up costs, as well as potential U.S. tariffs on imported panels from Asia. Duties on those products, which supply most U.S. projects, would make solar energy more expensive and less competitive with power produced by fossil fuels.

Click here to read the full article
Source: VOA News

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

/0 Comments/by
You might also like
The first US pilot that will site solar panels over irrigation canals is going to deploy long-duration iron flow battery storage.US’s first solar panels over canals pilot will deploy iron flow batteries
These bifacial solar panels work best on the ground as they take in sunlight reflected from the surface of the planet.Double-sided ‘bifacial’ solar panels could revolutionize our power grid
The Intertubes lit up today with news of a new, 190% efficient solar cell that could finally send fossil fuels packing once and for all.A new dawn for solar cells: 190% quantum efficiency is possible
The satellite’s 11-meter solar wing from its folded stowed configuration allows it to fit in the rocket fairing.See the enormous solar panels of this Earth-monitoring satellite
US President Joe Biden‘s administration said on Thursday it had finalized a plan to expand solar energy on federal lands in 11 Western statesBiden administration accelerates solar-energy development plan on federal lands
University of Illinois Chicago students recently built a solar charging station for one of the school’s vehicles used to deliver food and reduce food waste.UIC students build solar EV charging station
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *