News

SolarEdge has posted a downturn in Q3 financial results, which it attributed to a “slow market environment, in particular in Europe”.

Independent power producer D.E. Shaw Renewable Investments has reached commercial operation of a 100MW solar PV plant in California, US.

US domestic solar company SunPower has lowed its FY2023 guidance due to reduced consumer demand, delayed revenue recognition from longer cycle times, and a net loss of more than US$30 million in the third quarter this year.

A coalition of School Board representatives, healthcare advocates and “climate leaders” in the North Bay area of California has spoken out against the California Public Utilities Commission’s (CPUC) proposal to alter the virtual net energy metering scheme (VNEM) in the state.

Sunrun has published its financial results for the third quarter of this year, which include the installation of 258.2MW of new solar capacity.

During the third quarter of 2023, renewables have installed a record 5.5GW of utility-scale renewable capacity, led by solar, according to American Clean Power Association (ACP).

Class action lawsuits have been filed against US domestic solar company SunPower, amidst allegations that company misled investors by failing to disclose that it had inaccurately reported the cost of revenue and inventory metrics.

Solar curtailments in California, the US, have never been higher in 2023, as solar generation outpaces transmission capacity upgrades, according to a report from the US Energy Information Administration (EIA).

Quinbrook has launched a platform to enable offtake customers to trace the source of their electricity in real-time.

First Solar has reached a module backlog of 81.8GW, which it expects to extend into 2030, as of the third quarter of 2023.