Companies

A round-up of news from the US solar sector, including updates from the Department of Energy, private equity firm American Securities, and Indiana developer Hoosier.

SHV Energy, a Netherlands-based liquified petroleum gas (LPG) distributor, has acquired a majority stake in Indian solar developer SunSource Energy.

Leading monocrystalline wafer producer and ‘Solar Module Super League’ (SMSL) member, LONGi Green Energy and subsidiary, LONGi Solar respectively, have continued an unprecedented sales run, notching up first 2021 revenue (operating income) of RMB 15.85 billion (US$2.44 billion), its second highest quarterly figures.

Spanish renewables developer and independent power producer (IPP) Grupo Ecoener has seen its shares slide on its market debut today.

Solar balance of systems (BOS) provider Shoals Technologies has benefited from “robust demand” for its products in the US, as the company completed its first quarter as a public company.

Major PV inverter manufacturer SolarEdge Technologies has guided a return to overall business growth in 2021, due primarily to strong market demand in Europe and the US as well as the rollout of its residential energy storage product.

PV manufacturer and Solar Module Super League (SMSL) member First Solar has partnered with a Norwegian hydrogen power company to develop a portfolio of green hydrogen production facilities.

Power product supplier Generac’s sales bounced back in the first three months of 2021, increasing 70% compared with the same period last year.

Scatec’s posted an improved first-quarter financial performance after closing its acquisition of hydropower developer SN Power in January and completing solar projects in South Africa and Ukraine.

Solar developer Solarcentury’s brand name has been retired following the company’s acquisition by Norwegian state-owned utility Statkraft.