Financial & Legal

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.

The net income of JinkoSolar subsidiary Jiangxi Jinko has reached RMB6.54 billion (US$894.1 million) in the first nine months of 2023.

A report from the University of Exeter has concluded that the world has reached “a global irreversible solar tipping point”.

Canadian Solar says the private placement provided the company with enhanced liquidity and flexible funds to grow its subsidiary Recurrent Energy's global business.

North American solar power purchase agreement prices increased 4% in Q3, following a decline in prices in Q2.

Lightsource bp has signed a virtual power purchase agreement with the Fashion Pact as fashion companies look to decarbonise their operations.

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

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.

The International Financing Corporation has signed a deal with Moroccan state-owned phosphate mining and fertiliser producer OCP Group to partially finance 400MW worth of solar PV.

Evergrow has claimed the first tax credit transaction using transferability under the Inflation Reduction Act for a solar plant in Connecticut.