Companies

The move is an effort to strengthen its financial position after reporting losses of €126 million in the first half of 2024.

Despite revenue improvements, the company signalled doubts over its ability to continue operations and stay afloat over the coming year.

Canadian Solar and LONGi shared their perspectives on industry pricing, competition, and patent disputes at a recent event in China.

Last year has marked a turning point for Chinese energy and power enterprises' investments in PV power plants in China.

The decline reflects the broad trend across the solar manufacturing industry, where severe downward pressure on prices—brought about by an excess of product supply—has squeezed manufacturers' margins and pushed some into the red.

Daqo New Energy posted losses of US$65.3 million in the fourth quarter of 2024, and end-of-year losses of US$212.9 million.

The retreat on renewables has been described as a "last-ditch attempt to cash in" against the rising tide of the energy transition.

PV Tech spoke to Astronergy chief marketing officer Samuel Zhang about the company's successes in 2024, and impact of patent disputes.

First Solar has launched a lawsuit against JinkoSolar for alleged infringement of a tunnel oxide passivated contact (TOPCon) cell patent.

The deal values National Grid Renewables - the US project development arm of the UK's National Grid - at approximately US$1.735 billion.