Companies

The second partnership between CIP and AMPIN Energy Transition aims to develop north of 2GW of renewable energy projects across India.

Both companies had signed a long-term supply agreement for up to 5GW of modules back in 2022, with deliveries expected between 2024 and 2029.

In its Q1-3 2024 financial results, SMA Solar said it will cut up to 1,100 jobs and reduce costs by between €150 and €200 million by the end of 2025.

Masdar and the Albania Power Corporation (KESH) have announced plans to build a “gigawatt-scale” renewable power portfolio in Albania.

Iberdrola Australia, a sub-division of utility giant Iberdrola, has secured power purchase agreements (PPAs) with 13 regional councils in New South Wales that will see part of the energy sourced from a large-scale solar PV power plant.

FTC Solar has posted its financial results for the third quarter of the year, which include revenues of US$10.1 million.

Microinverter supplier Enphase Energy has said that it will cut nearly 17% of its global workforce or nearly 500 employees.

Chinese solar manufacturing giant LONGi posted RMB1.26 billion (US$174.8 million) in losses in its Q3 2024 financial results.

The Indian government has imposed preliminary antidumping measures on solar glass producers exporting products from China and Vietnam.

US solar tracker manufacturer Array Technologies has posted US$231 million in revenues and adjusted EBITDA of US$46.7 million in its Q3 2024 financial results.