Companies

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.

Continued supply strain has sent module prices on an upward trend in Europe during the month of April, according to the latest pv.index report from solar trading platform sun.store.

Maxeon shipped just 211MW in the fourth quarter of 2024, driving a year-end revenue of less than half of what was reported in 2023.

US tracker manufacturer FTC Solar has announced a 57.6% quarter-on-quarter increase in revenue in the first quarter of this year.

CSI Solar, the PV manufacturing subsidiary of Canadian Solar, has posted massively decreased profits in Q1 2025 amid what it described as “high trade barriers” and “severe supply-demand imbalances”.

Spanish energy utility giant Iberdrola has reported huge profits of over €2 billion in the first quarter of 2025.

Daqo New Energy has posted gross losses of US$81.5 million, and a gross margin of -65.8% in the first quarter of 2025.

Chinese solar manufacturing giant JinkoSolar posted net losses of US$181.7 million in the first quarter of 2025 amid low product prices and “changes in international trade policies.”