Companies

Altus Power has published its financial results for 2023, which include full-year revenues of US$155.2 million, a 53% increase over 2022.

PV manufacturer Meyer Burger has posted the financial results for 2023 with net loss increasing by 318% to CHF292 million (US$330.6 million).

With SunPower shifting its focus to the US residential sector, there are genuine questions to be asked about the company’s prospects.

US distributed solar asset owner Spruce Power posted decreased revenues and EBITDA in Q4 2023, totalling US$15.7 million and US$9.9 million respectively.

SJVN Green Energy, the subsidiary of Indian state-owned utility SJVN, has signed offtake agreements for 600MW of solar PV capacity with Rajasthan Urja Vikas and IT Services Limited (RUVITL).

Chinese solar manufacturing giant Canadian Solar shipped 30.7GW of solar modules and posted US$274 million in net income in 2023, both “record” figures for the company.

ACEN will provide BrightNight with resources to fund its buildout in the Philippines and long-term growth in the country.

Solar manufacturer Aiko has signed supply deals for 2GW of its GEN 2 N-type ABC (All Back Contact) modules in Australia, marking its entry into the market.

Finnish investor Korkia and solar developer Global Consulting Energy have formed a development company to build up to 1GW solar PV portfolio in Italy.

Solar accounted for 53% of all new electricity-generating capacity in 2023, making up over half of new generating capacity for the first time.