Canadian Solar has banked the cash for its growing portfolio of solar projects in a nation which had module demand of 5 GW last year.
New tech which can store power for longer than four hours can secure up to €14 million each towards their demonstrator project costs.
Many industry sectors across the world are currently being hit by a semiconductor chip shortage as major manufacturers are unable to meet demand. According to Cormac Gilligan, an associate director at IHS Markit, solar and energy storage manufacturers are being less affected. In general, the solar and energy storage industries have learned lessons from being impacted by semiconductor components, for example, transistors, capacitors and resistors in prior years, Gilligan told pv magazine.
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