Maxeon Solar Declares Q1/2022 Financial Results
Maxeon Solar Improves Q1/2022 Revenues But Reports Net Loss Of $-59 Million
Singapore headquartered solar cell and module maker Maxeon Solar Technologies reported its DG revenues as having gone up by 75% in Q1/2022 along with growth in shipments, yet the company reported GAAP net loss of $-59.2 million.
Borrego To Sell 8.4 GW+ Strong PV Project Pipeline
ECP To Purchase US Solar & Storage Developer Borrego’s Massive Development Portfolio
US based solar and storage developer, EPC and O&M service provider Borrego will spin off and sell its development business including a project pipeline of more than 8.4 GW solar and 6.4 GW/25 GWh of energy storage to energy investor ECP.
Qcells Picks Georgia For 1.4 GW US Module Fab
Hanwha Offers To Be Sole Offtaker For All Moses Lake Polysilicon Production From REC Silicon
Hanwha Solutions’ Qcells will bring up its planned 1.4 GW TOPCon solar module manufacturing fab in Dalton, Georgia in the US, near its existing 1.7 GW operational module fab and has offered to offtake all of polysilicon REC Silicon plans to rol.
Waaree Energies To Acquire Solar Cell Maker
Waaree Energies Gets Green Signal To Purchase Indian Solar Cell Producer Indosolar
Indian solar module maker Waaree Energies is all set to acquire a local manufacturer of solar cells, Indosolar after getting a clearance from the country’s National Company Law Tribunal (NCLT), Delhi Bench, reported local media referring to a company statement.
Wacker: Silicon Metal Production Expansion Plans
Germany’s Wacker Chemie Planning To Expand Silicon Metal Production Capacity In Norway
German chemicals producer Wacker Chemie is conducting a feasibility study to start a new silicon melting furnace at its Norwegian site to expand its onsite silicon metal production capacity by around 50% which is used to roll out silicone and hyperpure polysilicon.
SolarEdge Gets Its Own Lithium-Ion Battery Fab
SolarEdge Starts South Korean Fab For Residential Solar-Attached Batteries
Israel headquartered solar inverter and battery storage supplier SolarEdge Technologies has started test production of battery cells at its 2GWh manufacturing facility Sella 2 in South Korea which will come in handy to build the company’s supply chain resilience.
High Prices To Impact 5 GW Solar In India
CRISIL Estimates Lower RoE For 5 GW India Solar Capacity Due To Soaring Prices
S&P Global’s Indian credit ratings agency CRISIL counts soaring prices of solar modules, related components as steel and freight costs to negatively impact 5 GW capacity in India that were bid out at less than INR 2.35 ($0.030) per kWh between October 2020 and December 2021.
India Added 3GW+ Solar Capacity In Q1 CY2022
Mercom India: India’s Cumulative Installed Solar Capacity Till March 2022 Reached 52 GW
With the addition of 2.7 GW large scale solar and around 300 MW rooftop solar, Indian solar installations during 1st quarter of calendar year (CY) 2022 added up to over 3 GW, according to Mercom India Research.
Gamesa’s GW Level PV Inverters & Storage Order
Siemens AG To Source GW Scale Central Inverters For Solar & Storage Portfolio
Spanish solar inverter manufacturer Gamesa Electric has landed a contract to supply its award winning central inverters to Siemens AG with an ‘expected volume of GW scale per year’ for latter to use for its solar PV and storage solutions.
1.5 GW US Tracker Deal For Nextracker
Silicon Ranch Locks In Long Term 1.5 GW Tracker Supply From Nextracker
As the global solar industry grapples with high prices for solar components and supply chain pressures, US independent power producer (IPP) Silicon Ranch has placed an order for solar tracker manufacturer Nextracker to supply it with 1.5 GW trackers through 2024.
TotalEnergies Acquires 50% Of Clearway Energy
GIP Sells 50% Stake In US Renewable Energy Developer With 25 GW Pipeline
French energy group TotalEnergies has made its largest renewable energy acquisition in the US with 50% acquisition of wind and solar projects developer Clearway Energy Group (CEG) from Global Infrastructure Partners (GIP) with its 25 GW strong pipeli.
Kiwa Group Acquires Germany’s PI Berlin
After PVEL, Netherlands’ Kiwa Group Adds Germany’s PI Berlin To Its Portfolio
Germany headquartered global technical advisor and quality assurance provider Photovoltaik-Institut Berlin (PI Berlin) is now a wholly owned subsidiary of the Kiwa Germany Group which is the local presence of Netherlands based independent testing, inspection and certification company.
Canadian Solar Declares Q1/2022 Financial Results
Canadian Solar Shipped 3.63 GW Modules In Q1/2022; To Expand Manufacturing Capacity
Canada headquartered solar PV manufacturer Canadian Solar Inc managed to reach the lower end of its Q1/2022 revenue guidance with a 15% annual increase, and aims to report over 20.0 GW manufacturing expansion for ingot and wafer capacities.
Nextracker & Atkore Commission Manufacturing Line In Arizona
Nextracker And Atkore Team Up For Dedicated Solar Tracker Manufacturing Line In Arizona
US based global solar tracker manufacturer Nextracker Inc; and electrical, safety and infrastructure solutions Atkore announced a new dedicated manufacturing line in Arizona to produce steel trackers components for utility-scale solar plants.
RES And Alight Ink Partnership for PV in Sweden
Renewable Energy Company RES Partners With Alight For 200-300 MW Solar Projects In Sweden
Renewable energy company RES collaborates with solar PPA provider Alight to build 200-300 MW large scale solar projects in the central and southern parts of Sweden in the coming years.
Shoals Technologies Releases Q1/2022 Results
Revenues Up Annually For Shoals, But DOC Investigation Prompts Guidance Change
US based electricals balance of system (BOS) supplier for solar industry, Shoals Technologies Group improved its annual revenues by 49% and gross profit by 40% in Q1/2022, but citing anti-circumvention investigation has altered its annual guidance for 2022.
8th PV Module Reliability Scorecard Released
PVEL’s 2022 PV Module Reliability Scorecard Sees Improvement Across Board
The newly released 8th edition of PV Module Reliability Scorecard of PV Evolution Labs (PVEL) evaluates 122 modules from 25 manufacturers, showing ‘resilience’ of the global solar industry despite various obstacles ranging from raw material supply disruption to logistics bottlenecks.
10-Year Solar PPA For Air Liquide In Italy
Shell Energy Europe Secures Corporate Solar PPA For 52 GWh Annually In Italy
French industrial gases and services supplier to various industries, Air Liquide will source 52 GWh solar power annually from Shell Energy Europe Limited (SEEL) to power its industrial and medical gas production operations in North East of Italy.
Saint-Gobain Enters Corporate RE PPA In India
Sembcorp To Supply 33 MW Wind & Solar Power Capacity To Glass Maker
Solar glass and construction materials manufacturer Saint-Gobain India has entered a power purchase agreement (PPA) to source wind and solar power from 33 MW capacity from Green Infra Wind Energy Ltd (GIWEL), a subsidiary of Sembcorp Green Infra (SGIL).
Europe Must Do More To Speed Up Rooftop Solar
CAN Europe Recommends 5 Million Annual New Rooftop Solar PV Deployment Target By 2025
A new report by Climate Action Network Europe (CAN Europe) on Europe’s rooftop solar segment argues the region needs to have more clear policies to break barriers blocking its expansion while recommending annual deployment of a minimum of 5 million new rooftops with solar PV in 2025.
