News

More than a quarter of the European Union’s (EU) electricity (27%) came from solar and wind in 2023, according to new analysis from energy thinktank Ember.

The recommendation suggests a 90% reduction in net greenhouse gas emissions by 2040 compared to the levels in 1990.

Enphase Energy has published its financial results for the fourth quarter of 2023, which includes quarterly revenues of US$302.5 million.

Speaking at the Solar Finance & Investment Europe conference in London last week, four speakers discussed market trends in Portuguese solar.

Tyr Energy Development Renewables (TED), a US-based renewable energy subsidiary of Japanese “sogo shosha” trading company Itochu corporation, has completed development of 333MW worth of solar PV in the US.

Independent power producer (IPP) Sonnedix has secured a €260 million (US$279 million) green loan to finance the acquisition and construction of renewable energy projects in Italy.

Solar developer Recurrent Energy has secured US$160 million in project financing for its 127MW PV project in Louisiana, US.

Major Chinese solar manufacturer LONGi has sign an agreement with Spanish power company Naturgy to offer 574MWp of modules.

GCL System Integration (GCL SI) has released preliminary results for its fiscal year ended in 2023 with revenue increasing between 85.6%-109% year-on-year as it continues ramping up its n-type module and solar cell capacity.

EU's solar power generation is expected to increase by 50TWh this year thanks to increased capacity installations, according to Rystad Energy.