News

Solar wafer manufacturer Shangji Automation has signed a supply deal worth RMB5.91 billion (US$856 million) and has launched a large-scale fundraising project to accelerate its capacity expansion.

Higher polysilicon average selling prices (ASP) have led polysilicon producer Daqo New Energy to register a record US$4.6 billion in revenue in 2022.

PV balance of system (BOS) solutions provider Shoals Technologies is expected to continue its growth this year thanks to the increased demand for its new products, while its adjusted EBITDA in 2022 increased by more than 47.8% year-on-year, according to the latest financial results.

Solar tracker manufacturer Soltec posted net profits of €13.1 million (US$13.9 million) for the year 2022, a €14 million increase on 2021 which saw a €1.2 million loss for the company.  

Solar developer Heelstone Renewable Energy has closed a US$175 million credit facility with investment company BlackRock.

Solar developer Lightsource bp has received environmental approval for 19 solar PV projects across four regions in Spain.

Solar and energy storage project development company Savion has signed an agreement to buy 2.6GWdc of modules from First Solar.

Major renewable energy company EDF Renewables has acquired 529MWp of solar PV development portfolio from solar developer MEC Energy in Germany.

JA Solar intends to fund the construction of a major PV manufacturing facility by issuing convertible bonds to raise up to RMB8.96 billion (US$1.3 billion).

Government policies have hampered the development of the solar industry in the US, but the situation improved in the second half of 2022 thanks to a reversed decision, according to a BloombergNEF study.