Companies

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.

JinkoSolar has agreed to supply 3.8GW of its n-type panels to energy company ACWA Power for use at two solar projects in Saudi Arabia.

PVcase has just launched PVcase Roof Mount, a cutting-edge tool for commercial and industrial rooftop solar installations.

US utility FirstEnergy Ohio has launched a request for proposals to purchase 570,000 renewable energy credits for its subsidiary Ohio Edison.

US community solar service provider Perch Energy has secured US$30 million from investment company Nuveen.

Financing for the solar sector grew 55% in the first nine months of 2023 compared with the equivalent period last year.

Tokyu Land and Renewable Japan have agreed to own and operate 1GW of renewable capacity in southern Europe.

Solar manufacturer Maxeon Solar Technologies' shipments in the third quarter could drop by about 23% quarter-on-quarter to only 622MW due to a reduced shipments to a US customer and a drop in demand in the global distributed generation (DG) market.