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 portfolio will consist of around 1,100 ground-mounted, rooftop and carport projects built across France, which are expected to be completed by 2027.
US tech giants Meta and Microsoft have both respectively signed solar PV agreements with developers Cypress Creek Renewables and Silicon Ranch in the US.