Daqo New Energy recorded a guidance-beating performance in the opening quarter of 2022, cashing in on excess inventory, lower production costs and higher than anticipated average selling prices (ASPs).
Portuguese developer Madoqua Renewables has partnered with Dutch developer Power2X and Danish investment firm Copenhagen Infrastructure Partners (CIP) to build a green hydrogen and ammonia project in Portugal with an investment of €1 billion (US$1.07 billion).
PV module prices in India have increased by ~38% in the last 20 months, in part due to supply chain disruptions and rising solar demand, with prices not expected to fall until the end of next year.
Tesla CEO Elon Musk said he expects the company to address component shortages that limited the progress of its solar business in the first quarter of 2021, as installs decreased 48% year-on-year.
Michigan utility Consumers Energy and a coalition of customer groups have agreed on a plan that will see the company exit from coal by 2025 through deploying nearly 8GW of solar PV and 550MW of battery energy storage systems (BESS) by 2040.
German battery storage manufacturer sonnen will offer German households the possibility to switch between feed-in-tariffs from the Renewable Energy Act (EEG) remuneration and wholesale market prices.
US tracker manufacturer Nextracker has responded to global supply chain disruptions by inaugurating a new production line in Texas within a campus from steel producer Steel Dynamics.
Puerto Rico’s energy regulator PREB has released a draft Request for Proposals (RFP) for a minimum of 500MW of renewable power capacity and 250MW of storage in the Caribbean Island.
Independent power producer (IPP) Cypress Creek Renewables has closed a US$450 million debt facility to fund the expansion of its solar and energy storage project pipeline in the US.
