Sunrun Q1/2024 Financial Results A Little Bleak
Revenue Of $458.2M Down 22% YoY, But Storage & Solar Installations Deliver Strong Results In 1st Quarter
Friday, 10 May 2024
Releasing its Q1 results for 2024, US residential solar and storage installer and financier Sunrun said that it has achieved total revenue of $458.2 million, which is $131.6 million or 22% lower than Q1/2023.
SMA Solar Q1/2024 Performance Meets Expectations
Registers Group Sales Of €361.8 Million With Large Scale Segment Showing Significant Growth
Friday, 10 May 2024
In Q1/2024, SMA Solar Technology AG saw its Home Solutions and Commercial & Industrial Solutions segments being impacted by normalized demands. There were also high inventories lying with distributors and installers.
Matrix Renewables & Santander CIB Seal Finance Deal
Matrix Secures €300 Million Green & Sustainable Corporate Financing, Aims To Expedite Growth
Friday, 10 May 2024
Renewable energy platform backed by asset manager TPG Rise, Matrix Renewables announced that it has closed a €300 million corporate debt financing deal with leading commercial bank, Santander Corporate & Investment Banking.
IEA Finds Enough PV Manufacturing Capacity To Meet Net Zero
World Increased Solar PV Module Manufacturing Capacity By 500 GW In 2023, With 440 GW Added In China
Thursday, 09 May 2024
In a new report, the International Energy Agency (IEA) says the global solar PV module manufacturing capacity is already in line with what it thinks is needed in 2030 to meet the net zero emissions scenario.
$240 Million Financing & Equity Commitment For US Project
EnergyRe’s Lone Star Solar Power Plant With A Large Battery System Qualifies For ITC Under IRA
Wednesday, 08 May 2024
Independent energy company energyRe has secured $240 million in financing and tax equity commitments for its 108 MW DC Lone Star Solar Project with 198 MWh storage, calling it one of the largest solar and storage facilities in the southeastern US.
AMEA Power Secures South African Power Purchase Agreement
20-Year Contract For Winner Of Bid Window 6 Of REIPPPP For 120 MW Doornhoek Solar Plant
Wednesday, 08 May 2024
Dubai-based renewable energy company AMEA Power has secured a long-term solar power purchase agreement (PPA) for its 120 MW Doornhoek Solar PV Project in South Africa with national utility Eskom.
Spanish Company Buys Solar Modules At Record Low Rates
Solaria Says Procurement Prices From Tier I Manufacturer 71 Percent Cheaper Than In 2022
Tuesday, 07 May 2024
Solaria Energía y Medio Ambiente, the Spanish solar developer and power generation company, says it has procured 435 MW of solar PV modules from a tier I manufacturer for a price that’s 71% cheaper compared to 2022.
German Joint Venture For 500 MW Solar PV Development
European Asset Managers Launch Aream Solar Ventures For PV & Battery Energy Storage Projects
Tuesday, 07 May 2024
A new joint venture (JV) established by European asset managers aream Group and Eiffel Investment Group will undertake the development of more than 500 MW of solar PV projects in Germany over the coming years.
JA Solar’s 2023 Annual Revenues Improved 11.74 Percent
Overseas Shipments Made Up Around 48% Of Chinese Company’s 57 GW Solar Cell & Module Sales
Monday, 06 May 2024
JA Solar Technology says its solar cell and module shipments during FY 2023 exceeded 57 GW with overseas module shipments accounting for close to 48%.
Tongwei Solar’s 2023 Net Profit Declined 47.25 Percent
Chinese Manufacturer Shipped 80.66 GW Solar Cells While Bearing Impact Of Price Decline Across Industrial Chain
Monday, 06 May 2024
Leading Chinese solar cell, module and silicon manufacturer Tongwei Solar has admitted to its 2023 business suffering the impact of the sharp decline in prices across the solar PV industrial chain. Last year, it achieved an operating income of RMB .
Chinese Solar PV Giant Shipped 67.52 GW Modules In 2023
LONGi’s Q1/2024 Module Shipments 12.89 GW; Targets Up To 100 GW Cell & Module Shipments In 2024
Friday, 03 May 2024
The world’s leading solar wafer, cell and module manufacturer LONGi Green Energy Technology aims to ship between 90 GW and 100 GW of cells and modules in 2024, after reporting a 44% annual improvement in module shipments in 2023. The 67.52 GW mod.
Adani Green Energy Limited Raises $400 Million Financing
5 International Bank Consortium Approves Green Loan For 750 MW Solar PV Capacity In India
Friday, 03 May 2024
India’s Adani Group subsidiary, Adani Green Energy Limited (AGEL) has secured a green loan of $400 million to develop its 750 MW solar project portfolio in Rajasthan and Gujarat. AGEL says this portfolio of projects is currently under construction in Rajasthan and Gujarat.
Swedish Solar Manufacturer Collaborates With Chinese OEM
Midsummer Engages Kaisheng New Energy Technology For Thin Film Solar Panels As Q1 Suffers Operating Loss
Friday, 03 May 2024
The Swedish solar PV manufacturer Midsummer AB has signed an original equipment manufacturer (OEM) agreement with the Chinese thin film solar panel producer Kaisheng New Energy Technology to roll out rooftop modules exclusively for Europe. Accord.
Aura Power Raises Funds For 12 GW Renewables Portfolio
British Developer Building Utility-Scale Solar PV & Battery Energy Storage In UK, Europe & North America
Thursday, 02 May 2024
UK-based renewable energy investor and developer Aura Power has raised funds from Mitsubishi HC Capital, trading as Novuna Business Finance, to develop its pipeline of around 12 GW utility-scale solar PV and battery energy storage systems (BESS). �.
First Solar Begins 2024 With $237 Million In Net Income
Management Reiterates Full Year 2024 Guidance; Says Plans To Seek Solar Cell Dumping Investigation In India
Thursday, 02 May 2024
American solar module manufacturer First Solar reported net sales of $794 million in Q1/2024 as its net income improved by $194 million to $237 million.
Daqo New Energy’s Q1/2024 Net Income Narrows Down
Accumulated Inventories & Lower ASPs Impact Chinese Polysilicon Maker’s Business
Wednesday, 01 May 2024
Chinese polysilicon manufacturer Daqo New Energy saw a decline in its Q1/2024 revenues and net income due to lower average selling price (ASP), and points to the significant pressure on the wafer sector from accumulated inventories and negative margi.
Microsoft Signs Up For Over 10.5 GW New RE Capacity
Brookfield To Develop Wind, Solar & Other Clean Energy Projects To Support Tech Giant’s Cloud Services
Wednesday, 01 May 2024
Global alternative asset manager Brookfield Asset Management and its renewable energy arm Brookfield Renewable Partners will build several GWs of clean energy capacity under an agreement with tech giant Microsoft for the latter to decarbonize its clo.
Dynamic Sun Energy Lands $121.55 Million For 100 MW Solar
Bangladesh’s 1st Private Sector Utility-Scale Solar Facility To Secure Support From Global Financiers
Wednesday, 01 May 2024
The Asian Development Bank (ADB) has approved a financing package for what it says is the 1st private sector utility-scale solar facility to secure support from global financiers in Bangladesh. Dynamic Sun Energy Private Limited (DSE) has secured a.
JinkoSolar Shipped 20 GW Solar Modules During Q1/2024
Lower Module Shipments & ASPs Pull Down Revenues; Manufacturer Targets 130 GW Annual Module Capacity
Wednesday, 01 May 2024
Leading Chinese solar PV manufacturer JinkoSolar Holding saw its total solar module shipments during Q1/2024 reach 20 GW, with 70% of these going to the Asia Pacific (APAC) and emerging markets.
Green Steel Production In Germany With Solar Power
Iberdrola Signs 900 GWh Solar Power Purchase Agreement With German Steel Producer
Wednesday, 01 May 2024
German steel and metal producer Salzgitter Flachstahl GmbH has entered a long-term power purchase agreement (PPA) for 900 GWh of solar power supply from Iberdrola Deutschland’s 60 MW solar PV plant. The corporate PPA translates into 60 GWh of ann.
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#China Solar PV News Snippets: Drinda's Q1 solar cell shipments surge; CECEP Solar to raise RMB 2.95B; @JASolarOfficial postpones HJT pilot plant; @ChinaSPIC initiates over 72 GW ...of clean energy projects; China Huaneng building 850 MW offshore PV project https://taiyangnews.info/china-solar-pv-news-snippets-238/
Italian solar energy association @italia_solare has warned that the government’s decision to ban ground mounted PV installations on agricultural sites will lead to a loss of ...around €60 billion & jeopardize #Italy's 2030 solar targets #solarenergy #SOLAR https://taiyangnews.info/italian-solar-industry-concerned-blocking-agricultural-land-use-italia-solare/
Independent energy company energyRe has secured $240 million in financing and tax equity commitments for its 108 MW DC Lone Star Solar Project with 198 MWh storage, calling it one... of the largest solar and storage facilities in the southeastern US #solarpv https://taiyangnews.info/energyre-240-million-financing-equity-commitment-us-project/
Renewable energy company @AmeaPower signs long-term PPA for its 120 MW Doornhoek Solar PV Project in #SouthAfrica with national utility @Eskom_SA, marking its entry into the ...African nation. The project was one among 5 selected under REIPPPP bid window 6 https://taiyangnews.info/amea-power-secures-south-african-power-purchase-agreement/
Panelists on #day2 of @TaiyangNews Virtual Conference on #PVProductionEquipment were unanimous in their view that local solar module production is definitely achievable, but need ...to find market, demand & offtakers first to ensure success #solarenergy #solarpv #RenewableEnergy
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