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

SolarPower Europe has launched the International Solar Manufacturing Initiative (ISMI) to generate demand for European-made solar products.

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

The investment will allow the company to build a commercial-scale perovskite manufacturing plant in the US.

The Greenough River solar PV plant has been deemed the best-performing utility-scale solar asset in Australia in February 2025.

Asset underperformance cost the global solar sector a record US$10 billion in lost revenue in 2024, according to Raptor Maps.

Thin-film solar manufacturer First Solar has decided to reduce its module production output in Malaysia and Vietnam for a combined 1GW in 2025.

Europe’s solar buyers are showing increased optimism for the sector, in spite of fluctuations in module prices across technologies.

Solar manufacturer Solx Energy has signed a PV frame supply agreement with steel frame producer Origami Solar for its module assembly plant in Puerto Rico.

Array Technologies expects that 100% of its trackers will be eligible for domestic content benefits n the first half of 2025.