Companies

Indonesia has ratified the PLN Electricity Supply Business Plan 2025–2034, targeting 42.6GW of renewable energy generation.

R.Power has sold a 49.9% stake in two of its special-purpose vehicles, which are developing a solar portfolio of 91.6MWp.

A key Chinese supplier to US tracker manufacturer Nextracker is to list on the Beijing Stock Exchange.

Carlyle has launched a new platform called Revera, dedicated to renewable energy, energy storage, and hydrogen projects in Australia and UK.

Lithuanian government-owned utility and renewables developer Ignitis Group has signed a financing deal with SwedBank to support 239MW of solar PV capacity in Latvia.

Solar tracker manufacturer Nextracker has expanded its portfolio of products with the acquisition of US-based electrical infrastructure manufacturer Bentek Corporation for US$78 million.

Solar manufacturer Canadian Solar recorded a slight increase in module shipments and endured losses in Q1 amid 'geopolitical complexities.'

Solarcycle has signed a recycling agreement with RWE Clean Energy to use its recycling system for 'many' of the latter’s products.

SunDrive has signed a JDA with China’s Maxwell Technologies and Vistar Equipment Technology, suppliers of solar cell production equipment.

Scatec has announced revenues of NOK2.39 billion (US$230 million) and profits of NOK1 billion (US$96 million) in the first quarter of 2025.