In line with the inflation act, SMA strengthens US manufacturing, meeting the domestic needs. Illustration from SMA Solar Technology.
SMA Solar Technology AG plans to establish a 3.5 GW per year manufacturing capacity in the US by 2025, with potential for expansion. The move is expected to generate up to 200 jobs in the initial three years. SMA collaborates with states and partners for optimal location, with site selection expected in H1 2024.
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)
