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.
Last week was results season for solar manufacturers in China, with much of the industry’s upstream confirming both their annual reports for 2021 and performance in the opening quarter of 2022. PV Tech’s Carrie Xiao discusses some of the key trends emerging from their annual reports.
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.
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.
A judge has ruled in favour of Tesla chief executive Elon Musk, rejecting a case which claimed he unjustly enriched himself when the company acquired SolarCity in a US$2.6 billion deal in 2016.
US residential solar installer Sunnova continues to reduce its net loss in the first quarter of 2022, despite increasing its revenue due to a higher demand of additional energy services.
Indian solar glass manufacturer Borosil Renewables is acquiring European peer the Interfloat Group in a deal it said will enable a more efficient supply of PV glass to customers in Europe.
