ICT Sector Leads EU Corporate Power Contracts Market
RE-Source Platform Counts 7.8 GW New Renewable Energy Contracts Signed YtD With Increased Diversification
Corporates in the European Union (EU) have signed up for a record 7.8 GW of renewable energy capacity YtD, under power purchase agreements (PPA), led by the ICT sector.
First Solar’s Expected Sales Backlog Exceeds 80 GW
US CdTe Module Manufacturer’s Q3/2023 Net Sales Decline, But Annual Guidance Remains Intact
In Q3/2023, US solar module manufacturer First Solar’s net sales of $801 million declined by $10 million QoQ due to a reduction in the volume of modules sold during the quarter.
JA Solar Reports Strong Financial Growth In 9M/2023
Chinese Manufacturer Shipped 37.63 GW Solar Modules With More Than Half Sold Overseas
Chinese solar PV vertically integrated manufacturer JA Solar said it shipped 37.63 GW of solar PV modules during the 9 months from January 2023 to September 2023, including 965 MW for its own use.
US Tracker Supplier’s Strong Financials In Q2/2024
Nextracker Reports ‘Record’ Revenues & Raises FY 2024 Guidance As It Announces Split From Flex
For Q2/2024, the 3-month period ending on September 30, 2023, US-based solar tracker supplier Nextracker has reported ‘record’ revenues of $573 million with a 23% annual improvement.
Agrivoltaic Projects Bag European Union Funding
BayWa Raises €6.5 Million To Develop Solar Power Plants On Agricultural Land In 5 Nations
German renewable energy company BayWa has raised €6.5 million funding from the European Union’s (EU) LIFE Programme to advance 6 agrivoltaic projects planned for 5 nations. Of the 6 projects, 3 are planned for France, Spain and the Netherlands .
Enphase Energy’s Q3/2023 Revenues Impacted
US Microinverter Supplier Undershipping To Europe To Normalize Inventory As US Market Declines
US-based global solar microinverter supplier Enphase Energy saw its Q3/2023 financials impacted by macroeconomic conditions in the US and Europe as its revenues dropped over 22% YoY to $551.1 million.
Neoen & Alight Break Ground On 100 MW Solar Plant
Sweden’s ‘Largest’ Solar Project With H&M Signing Country’s Largest Contracted Solar PPA To Date Under Construction
French renewable energy producer Neoen and Swedish solar power projects developer Alight have started construction of what they call is the ‘largest’ solar power plant in Sweden with 100 MW installed capacity. The project has also signed the la.
Technology Company Invests In European PV Producer
Solar Cell Metallization Pastes Producer Heraeus Acquires Stake In French Solar Start-Up HoloSolis
French solar PV manufacturing startup HoloSolis, a consortium launched in May 2023, has found yet another investor, in the German silver metallization pastes producer Heraeus Group.
SunPower Corporation To Change Financial Statements
US Residential Solar PV Installer To Restate Financials For 2022, Q1/2023 & Q2/2023
Amid the reported slowdown in the distributed generation (DG) deployments, US-based residential PV installer SunPower Corporation has said it will restate the financial statements for financial year 2022, Q1/2023 and Q2/2023.
GW-Scale Solar Manufacturing Joint Venture In India
AmpIn Energy & Jupiter International Launch Strategic Partnership For Solar Cells & Modules
Indian renewable energy company AmpIn Energy Transition has entered into a strategic joint venture with local solar cell producer Jupiter International to establish a manufacturing fab with 1.3 GW solar cell and module capacity/year.
TotalEnergies’ Largest US Solar Plant Comes Online
IRA Eligible 380 MW Myrtle Solar With 225 MWh Batteries To Power French Company’s Industrial Sites
TotalEnergies has commissioned its largest operational solar power and storage plant in the US with 380 MW installed capacity, 70% of which will power its industrial sites in the Gulf Coast region.
IEA: Transition To Clean Energy Now ‘Unstoppable’
Renewables To Account For Almost 50% Of Global Electricity Mix By 2030 With Current Policies, Led By Solar PV
The world is increasingly waking up to the economic case for mature clean energy technologies, especially solar PV on which more than $1 billion/day is being invested, says the International Energy Agency (IEA) in its World Energy Outlook 2023 (WEO 2.
Italian Company Turns Pure-Play Renewables Company
ERG Offloads Last Remaining Gas Turbine Power Plant To Focus On Wind & Solar Business
Italian energy company ERG SpA has completed the sale of its last remaining thermal power plant with 480 MW installed capacity, which it says completes its business transformation to a pure wind and solar energy generator. The company sold its natu.
Israeli PV Inverter Maker Adjusts Q3/2023 Guidance
SolarEdge Reports Unexpected Cancellations & Pushouts From European Distributors
SolarEdge Technologies has adjusted its Q3/2023 financial guidance citing substantial unexpected cancellations and pushouts of existing backlogs from European distributors during the 2nd half of the quarter. After reporting record revenues of $991..
Auto Company’s Solar Deployments Continue To Decline
Tesla Blames Sustained High Interests & California Situation For Annual Drop In PV Installations In Q3/2023
US electric vehicles manufacturer and solar installer Tesla’s solar PV deployments continue their downward trajectory, declining almost 50% on a year-on-year (YoY) basis to 49 MW in Q3/2023. Compared to 94 MW the company installed a year ago, it .
Global Irreversible Solar Tipping Point Probably Crossed
Solar Energy’s Dominance In The World’s Electricity Mix Is Not Only Possible, But Likely: New Research
The world may have already crossed an ‘irreversible tipping point’ for solar to make this renewable energy generation technology the dominant source of electricity globally, even before 2050.
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