Spain’s Acciona Energia reached a three-year deal with India’s Waaree Energies to supply an additional 1.5 gigawatts (GW) of solar PV modules for projects in the U.S., according to a news release.
As part of the agreement announced Nov. 27, Waaree will supply its N type TOPCON modules for projects being developed by Acciona in the U.S. from 2024 to 2026. The solar PV manufacturer has already delivered 850 megawatts of solar PV modules—monocrystalline passivated emitter and rear cell panels—for solar projects in Fort Bend County, Texas; High Point, Illinois; Union, Ohio; and Wharton County, Texas.
“At a time when the U.S. solar sector has faced supply chain challenges, Waaree has showcased its ability to deliver reliable module supplies while demonstrating a commitment toward maintaining product quality standards,” Sunil Rathi, interim CEO & board member of Waaree Solar Americas Inc., said in the news release.
The deal came as solar activity in the U.S. continues to grow. In the first half of 2023, solar power accounted for 5.9 GW of the 16.8 GW of utility-scale electric generating capacity additions in the U.S., according to the U.S. Energy Information Administration. More than half of the 35.2 GW of new capacity expected in the second half of 2023 is solar.
RELATED
Forecast Shows Utilities Adding 35.2 GW of Capacity to Power Grids
So far this year, Waaree Energies supplied more than 4 GW of solar modules to the U.S.
Recommended Reading
Elliott-backed Amber Energy Picked to Buy Citgo Petroleum for $7.3B
2024-09-27 - Amber Energy, led by industry veterans Gregory Goff and Jeff Stevens, was selected by a court-appointed special master to buy Citgo Petroleum, which is held by a Venezuelan company, for $7.286 billion.
EQT Sells Remaining Pennsylvania Non-op Assets to Equinor for $1.25B
2024-10-29 - EQT’s Northeast Pennsylvania divestiture to Equinor is the second deal between the two companies this year following a large swap of Marcellus assets in April.
APA Executive: After Recent Divestitures, ‘More to Come’
2024-08-19 - At the EnerCom Denver conference, an APA Corp. executive didn’t address reports that APA was shopping up to $1 billion in Permian Basin assets, but he said the company is looking to shed $2 billion in term loans associated with its purchase of Callon Petroleum.
Diversified Marches on in East Texas with Another NatGas Bolt-on
2024-08-20 - Diversified will purchase “significant” proved developed producing (PDP) reserves, the company’s second PDP addition in the region since closing a deal in mid-August.
Post Oak Capital Backs Permian Team, Invests in Haynesville
2024-10-11 - Frost Cochran, managing partner at Post Oak Energy Capital, said the private equity firm will continue to focus on the Permian Basin while making opportunistic deals as it recently did in the Haynesville Shale.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.