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. (Source: Shutterstock)
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
ADNOC Explores $9B Acquisition of Aethon’s Haynesville Assets—Report
2025-04-11 - Abu Dhabi National Oil Co. (ADNOC) is evaluating an acquisition of natural gas assets from Aethon Energy Management valued at around $9 billion, Bloomberg reported April 11.
FTC May Reconsider Hess, Sheffield Bans on Holding Board Seats
2025-04-11 - The Federal Trade Commission has announced it is seeking comment on potentially rescinding bans on Pioneer Natural Resources’ Scott Sheffield and Hess Corp.’s John Hess from serving on the boards of companies that acquired their E&Ps.
CRTS Global Secures RAE Energy’s Coatings Business
2025-04-10 - Voyager Interests portfolio company CRTS Global is growing in the pipeline coatings market with its acquisition of RAE Coatings, a provider of protective external coatings for offshore pipelines.
Abu Dhabi’s Mubadala Buys Stake in Kimmeridge Shale Gas, LNG Ventures
2025-04-10 - Mubadala Energy, owned by Abu Dhabi’s sovereign wealth fund, is buying a stake in Kimmeridge Texas Gas (KTG) and Commonwealth LNG as the United Arab Emirates company makes an entry into U.S. shale.
SBM Offshore Signs $400MM Sale and Leaseback for FPSO Cidade de Paraty
2025-04-09 - SBM Offshore holds a 63.125% interest in FPSO Cidade de Paraty, located offshore Brazil.
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.