Companies

US domestic solar company SunPower has lowed its FY2023 guidance due to reduced consumer demand, delayed revenue recognition from longer cycle times, and a net loss of more than US$30 million in the third quarter this year.

Sunrun has published its financial results for the third quarter of this year, which include the installation of 258.2MW of new solar capacity.

Class action lawsuits have been filed against US domestic solar company SunPower, amidst allegations that company misled investors by failing to disclose that it had inaccurately reported the cost of revenue and inventory metrics.

Engie has purchase a portfolio of five solar projects in Brazil from Atlas Renewable Energy, with a combined capacity of 545MWac.

Soltec is aiming to double its US revenues between 2022 and 2025, and this work could be a blueprint for other European solar players.

Trina Solar has signed a module supply agreement with the Citicore Renewable Energy Corporation to supply 700MW of modules to the company.

US-based independent power producer Enfinity Global has closed €300 million (US$316 million) in equity funding from global alternative asset manager ICG, with another €100 million expected to close within a year.

US utility Duke Energy has completed the sale of its utility-scale renewables arm to renewables asset owner Brookfield Renewable.

Voltalia has published its financial results for the third quarter of this year, which include a turnover of €126.2 million.

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.