Companies

US residential solar installer Sunnova's new customer addition slightly dropped to over 37,000 in the third quarter this year, while its net loss in the same quarter increased to US$56.5 million year-on-year.

Trina Solar has signed an agreement with the MPower Group to supply modules and trackers for the latter’s 200MW solar portfolio in Australia.

Nextracker has published its financial results for the third quarter of the year, headlined by revenue of US$573 million.

Of this 3.2GW, 1,485MW were solar PV installations. In addition, just over 1GW of new projects were placed into service since Q2.

The Australian Renewable Energy Agency (ARENA) has committed AU$358 million (US$227.8 million) to new projects during the year from 1 July 2022 to 30 June 2023, while it has also assigned AU$41.5 million for ultra low cost solar, a new focus since last year.

Thin-film manufacturer Ascent Solar has received positive feedback from the US Department of Energy (DOE) for its agrivoltaics technology, and the company will now apply for funding for the development of a proposed agrivoltaics system.

Tech and delivery giant Amazon has added over 1GW of solar PV and wind capacity to its operations in Europe so far in 2023.

LONGi has chosen to develop back-contact (BC) cells, again based on n-type technology, announcing plans to invest RMB3.92 billion (US$536 million) on production. Future cells will be based on the company’s HPBC ‘PRO’ high-efficiency technology, with roll-out expected to gradually commence from November 2024, reaching full capacity a year later.

Mining major Rio Tinto and Aboriginal energy partnership the Yindjibarndi Energy Corporation (YEC) have signed a memorandum of understanding (MOU) to pursue the development of solar and wind projects in the Pilbara region of Western Australia.

Solar inverter producer SolarEdge's revenue in the third quarter of 2023 is expected to be about 20% lower than consensus due to cancellations and pushouts of existing backlog from European distributors.