US thin-film manufacturer First Solar recorded a US$43.3 million loss in its Q1 2022 mostly caused by a drop in sales, with the company expecting a “challenging 2022 from an earning standpoint” given ongoing supply chain constraints.
Indian Independent power producer (IPP) ReNew Power has signed a number of offtake agreements with both state utilities and corporates in India totalling roughly 2GW.
Solar Energy Industries Association (SEIA) has slashed its US solar installation forecasts by 24GW over the next two years following the US government’s decision to investigate the circumvention of duties in Southeast Asia, claiming 100,000 solar jobs will be lost as a result.
Heterojunction cell and module manufacturer Meyer Burger has started development of a new module facility with an additional 400MW in Germany to cater for European demand.
JinkoSolar has increased its PV manufacturing capacity expansion plans for 2022 once again in spite of margin pressure affecting its bottom line, citing accelerating demand in Europe and beyond.
Indian module manufacturer Waaree Energies has struck a multi-year supply agreement with CubicPV, a merger between US-based wafer producer 1366 Technologies and Hunt Perovskite Technologies (HPT), under which Waaree will receive 1GW of silicon cells per year from CubicPV’s Indian factory.
Off-grid solar specialist Sun King has raised US$260 million in a Series D funding round aimed to expand global access to affordable solar energy across Africa and Asia.
The US Department of Energy (DOE) has announced the 20 finalist moving forward in its American-Made Solar Prize Round 5, which will see 10 hardware-focused and 10 software-focused teams move through to the next round and receive cash prizes.
Investment firm KKR has launched Aster Renewable Energy, a renewable platform aimed to develop, build and operate solar, wind and energy storage projects in Southeast Asia.
