Companies

US distributed solar supplier Spruce Power has been issued a notice by the New York Stock Exchange (NYSE) informing the company that its stock price has fallen below the necessary benchmark for listing.

Allegations of fraud at Indian conglomerate Adani Group, which have knocked around US$125 billion off its market value since January, are unlikely to cause any perceptible damage to India’s long-term solar growth, according to two prominent members of the industry.

Solar tracker provider Arctech has secured a 312MW project in Azerbaijan to supply its SkyLine II solar trackers. 

Tesla’s Solar Roof technology has fallen short of the company’s deployment targets by some distance, according to a new report from energy analysts Wood Mackenzie.

Solar tracker supplier Nextracker has signed a deal with EPC contractor Sterling and Wilson to supply trackers to a 1.2GW solar PV project in India.

Bisol said this 22kW project aims to meet the increasing energy needs of the Princess Elisabeth Antarctica research station.

Missouri-based solar developer Birch Creek Energy has acquired DC-based greenfield developer Foundations Solar Partners from equity firm Hull Street Energy.

Based on a multi-year agreement, Nextracker will supply trackers for projects in Texas, Arizona, and Virginia.

Comprising 14 production lines, the factory is expected to begin production on or before the end of October this year.

The project is estimated to generate about 41GWh of clean energy annually.