Will Norman

The company said its Full Black double-glass module, based on n-type TOPcon cell technology, has a conversion efficiency of 22.8%.

The US Environmental Protection Agency (EPA) has reportedly unfrozen funds under its US$7 billion Solar For All Programme.

The move is an effort to strengthen its financial position after reporting losses of €126 million in the first half of 2024.

SMA Solar posted preliminary net losses of €117.7 million (US$126 million) in 2024—down from €225.7 million in income last year.

Despite revenue improvements, the company signalled doubts over its ability to continue operations and stay afloat over the coming year.

The company signed the financing MoU with the New and Renewable Energy Department of the Madhya Pradesh government.

Fabral will join a number of other US steel manufacturers supplying racking and tubing to the US solar industry.

The decline reflects the broad trend across the solar manufacturing industry, where severe downward pressure on prices—brought about by an excess of product supply—has squeezed manufacturers' margins and pushed some into the red.

The retreat on renewables has been described as a "last-ditch attempt to cash in" against the rising tide of the energy transition.

The deal values National Grid Renewables - the US project development arm of the UK's National Grid - at approximately US$1.735 billion.