Companies

UAE state-owned renewable energy developer Masdar has acquired a 50% stake in US IPP Terra-Gen from Energy Capital Partners.

Global investor KKR has acquired a majority stake in US-based solar and energy storage developer Avantus.

Currently executive vice president Nordics at Statkraft, Birgitte Ringstad Vartdal will assume her new position on 1 April 2024.

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.