Companies

US$14 million net losses for the quarter compared with net income of US$4 million in Q2 2024 and US$22 million in Q3 2023.

TotalEnergies has sold a 50% stake in a 2GW US solar and energy storage portfolio and acquired German renewable energy developer VSB Group.

Power from the project, which is under construction, will be sold to PGE under a 25-year contract and marketed through its Green Future Impact (GFI) scheme.

Robert Klein, who previously ran the company's Brazilian business, will assume the role from 1st January, 2025.

MA Solar Italy, a subsidiary of McLaren, acquired FIMER for an undisclosed fee amid challenges for the inverter market.

Masdar acquired 70% of Terna Energy’s outstanding shares at €20 per share, valuing the company at an enterprise value of €3.2 billion.

SolarEdge has closed its utility-scale battery storage division, resulting in a layoff of roughly 12% of its total workforce.

FTC Solar will implement a reverse stock split later this week in order to meet the US$1 minimum stock price required to list on Nasdaq.

New Zealand solar PV and energy storage installer SolarZero, backed by private equity giant BlackRock, entered liquidation yesterday (26 November).

Maxeon has reached an agreement-in-principle for the sale of Maxeon's EMEA, APAC and LATAM sales and marketing organisation to TCL Technology Group, the parent company of Maxeon’s majority shareholder, TCL Group.