Companies

Swiss-owned solar manufacturer Meyer Burger has clarified the terms of its recently-announced rights issue, designed to raise money towards its US manufacturing expansion plans.

Major Chinese solar manufacturer LONGi is reportedly cutting about 30% of its workforce due to overcapacity.

FTC Solar has published its financial results for the fourth quarter of 2023, which includes revenue of US$23.2 million.

The EU has approved a law which will require companies to audit their supply chains for environmental damage and human rights abuse.

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.