News

Solar Module Super League (SMSL) member Canadian Solar has lowered its 2023 revenue guidance primarily due to rapid decline in solar module prices in Q2.

Solar engineering, procurement and construction (EPC) firm SunAsia Energy will build 1.3GW of floating solar PV (FPV) projects on the Laguna Lake, the largest lake in the Philippines.

Investment in renewables in Southeast Asian countries could reach US$119 billion by 2027 driven by wind, solar and geothermal projects, according to energy research Rystad Energy.

State-owned UAE renewable energy company Masdar has signed an agreement with Ethiopia to build 500MW of new solar capacity in the country.

ReNew Energy Global has published results for the first quarter of its 2024 financial year, which include profits of US$36 million.

Enel Green Power Chile has started construction of an 80MW solar-plus-storage project in the Metropolitan Region of the country.

US distributed solar supplier has acquired a portfolio of over 2,400 residential solar systems and contracts in the US.

GCL System Integration has agreed to supply 1.1GW of n-type solar modules to Indian renewables firm SAEL Industries.

Global investment in solar in the first half of 2023 increased by 43% year-on-year (YoY) to reach US$239 billion, but renewable energy investment was still far below the required amount to reach the net zero goal by 2050.

Polish renewables developer PAD RES has secured PLN240 million (US$58.7 million) in financing for the construction of 117MW PV plants in Poland.