News In Brief April 12- Nexamp, Chinese Solar Exports, US Solar Backlog & More…

China Exports 43.1 GW Modules In Jan-Feb 2024, Says Infolink 

China exported 21.9 GW of modules in January 2024, a 35% increase from 16.2 GW in December 2023, then exported 21.2 GW in February, a 3% month-on-month decrease, accumulating 43.1 GW of total export volume in 2024, a 45% increase from 29.7 GW in the same period last year. The top three importers of Chinese modules earlier this year were Europe, India, and Brazil, with their combined import volume accounting for 60% of the global market.

Community solar Developer Nexamp bags US$520 million  Funding

US community solar developer Nexamp has raised US$520 million to expand into more states in the US and invest further into its operations.

The money was secured in a capital raise led by Manulife Investment Management, and will support

VPPs in California Could Account For 7.5GW of capacity by 2035-Report

Virtual power plants (VPPs) in California, US, could provide over 7.5GW of capacity, around 15% of peak demand by 2035, according to a report from consultancy the Brattle Group for non-profit, GridLab.

The grid connection backlog in the US increased by 27% year-on-year in 2023, with about 2.6TW of generation and storage capacity now seeking interconnection, according to a study from Lawrence Berkeley National Laboratory (Berkeley Lab).