News

Fraunhofer ISE has opened a new outdoor solar technology test field in Germany, enabling a faster and more accurate evaluation of PV modules. 

Italian solar manufacturer FuturaSun has signed a strategic agreement with the government of the city of Huai’an in China to build a 10GW solar cell manufacturing plant.

Solar project developer and asset owner Photon Energy Group has posted a decreased EBITDA although recording an all-time revenue for the first quarter of a year in Q1 2023.

The majority of the US solar industry has said that supply chain issues worsened in 2022, whilst a similar proportion also said that they expect to expand their businesses in 2023 directly because of the Inflation Reduction Act (IRA).

Thin-film module manufacturer First Solar has acquired thin-film company Evolar to grow its PV capabilities.

British renewables company Savannah Energy has signed a memorandum of agreement (MoA) with the government of Niger to develop up to 200MW of solar PV.

Industrial group Baywa recorded €1.5 billion (US$1.63 billion) in revenues from its renewable energy business in Q1 2023, just under a 25% of the group’s total quarterly revenue of €6.3 billion (US$6.8 billion).

Solar module supplier Maxeon has started evaluating the possibility of expanding its manufacturing capacity in the US with a cell and module assembly plant.

US solar tracker system provider FTC Solar has narrowed its adjusted EBITDA loss to US$7.2 million for the first quarter in 2023.

Solar tracker and software provider Nextracker more than doubled its adjusted EBITDA in the financial year (FY) ending March 2023 compared with the previous year, up to US$209 million from US$92 million.