AES - Solar power developers pledge to buy $6B of U.S.-made solar panels

AES Corp. (NYSE:AES), Clearway Energy (NYSE:CWEN), Cypress Creek Renewables and D.E. Shaw Renewable Investments said on Tuesday they have formed a buying consortium to purchase 6-7 GW/year of crystalline silicon solar modules to encourage the rapid scaling of domestic solar manufacturing in the U.S. - the equivalent of more than 25% of the amount installed in the U.S. last year. The U.S. Solar Buyer Consortium said it is committed to purchasing more than $6B of solar panels, with the aim of encouraging a stable, domestic supply chain for solar modules (NYSEARCA:TAN). "The consortium has a large and growing pipeline of solar projects in the United States, and we are committed to supporting America's clean energy transition," AES Corp. (AES) President and CEO Andrés Gluski said. Domestic manufacturers must compete with rivals that are much bigger, with greater economies of scale, The Wall Street Journal notes; it costs as much as 40%

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Solar power developers pledge to buy $6B of U.S.-made solar panels