Companies

US residential solar installer Sunnova has laid off more than half of its workforce, while a subsidiary from Delaware filed for Chapter 11 bankruptcy.

National Grid Renewables has rebranded to Geronimo Power following its acquisition by Canadian asset manager Brookfield.

Struggling Swiss solar manufacturer Meyer Burger has announced that its two German subsidiaries, including the owner of its solar cell manufacturing facility in Thalheim, are insolvent.

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.'