US-based Origis Energy has announced that the 500MW-direct current (MWdc) three-phased Swift Air Solar complex in Texas, US, is fully commissioned and operational. The three solar power facilities will provide support to oil and gas company Occidental's operations in West Texas, including the STRATOS Direct Air Capture facility. The entire project represents an investment exceeding $650m in Ector County and the broader West Texas region. Oxy Low Carbon Ventures vice-president Joe Lavoy said: “New power ...

Core Viewpoint - Homerun Resources Inc. has amended its non-binding offtake agreement with Sengi Solar, increasing the minimum annual quantity of solar glass from 20,000 tonnes to 100,000 tonnes, while maintaining the price at USD 750 per tonne [1][2]. Company Developments - The amendment reflects the growing demand for domestic solar production in Brazil and the confidence of partners like Sengi in the viability of Homerun's solar glass manufacturing project [4]. - Homerun has completed several key deliverables since the original agreement, reinforcing partner confidence in the project's success [4]. Industry Context - The amendment is influenced by recent changes in the Brazilian solar panel market, including rising tariffs on imports and reduced tariff exemptions for imported equipment, alongside positive long-term prospects for clean energy demand in Brazil [3]. - Brazil's increasing attractiveness for data center installations supporting Artificial Intelligence processing is also a contributing factor to the demand for solar energy solutions [3]. Company Overview - Homerun Resources Inc. focuses on the energy transition across four verticals: Silica, Solar, Energy Storage, and Energy Solutions, leveraging a unique high-purity low-iron silica resource in Bahia, Brazil [6][7]. - The company aims to develop Latin America's first dedicated high-efficiency solar glass plant, producing antimony-free solar glass for next-generation photovoltaic performance [8].

Core Viewpoint - TOYO Co., Ltd has announced the acquisition of the VSUN brand from its sister company, Vietnam Sunergy Joint Stock Company, to streamline operations and enhance shareholder value [1][2] Group 1: Acquisition Details - The acquisition of the VSUN brand will accelerate TOYO's growth and expansion, leveraging VSUN's established customer base and proven technology [2][4] - Since 2018, VSUN has delivered over 8 GW of solar modules to the U.S. market, indicating a strong market presence and customer trust [2][6] - The acquisition did not involve any issuance of new equity by TOYO [3] Group 2: Strategic Benefits - The acquisition is viewed as a catalyst for long-term value creation, combining TOYO's manufacturing strength with VSUN's global reach [5] - TOYO gains immediate access to a well-established customer base, positioning itself to meet increasing demand for U.S. solar panels [6] - The acquisition supports TOYO's strategic expansion into the U.S. market, complementing its existing manufacturing footprint in Vietnam and Ethiopia [6] Group 3: Market Recognition and Performance - VSUN has been recognized as a "Top Performer" by PV Evolution Labs for five consecutive years and has maintained Tier 1 status by BloombergNEF since Q3 2019 [6] - VSUN was awarded "Overall Highest Achiever" in the PV Module Index by the Renewable Energy Test Center for 2024 and 2025 [6] - The brand has also received a Bronze Medal from EcoVadis for its Corporate Social Responsibility and ESG management [6] Group 4: Operational Synergies - TOYO operates one of the largest non-Chinese N-type solar cell manufacturing bases globally, which is expected to enhance operational efficiencies and cost competitiveness through the integration of the VSUN brand [6][7] - The acquisition is anticipated to improve TOYO's revenue base and expand its market presence, particularly in the U.S. utility-scale market [6]