Financial & Legal

Norwegian solar wafer manufacturer NorSun has closed NOK90 million (US$8.5 million) in equity financing to support its expansion in Europe and the US.

Off-grid solar product manufacturer d.light has secured US$30 million to purchase up to US$125 million of receivable assets.

Total module shipments were up 36.2%, from 13GW in Q1, and n-type shipments rose 74.1%, up from just under 6GW.

Solar module manufacturer Maxeon Solar Technologies has posted a slightly dropped financial performance as its adjusted EBITDA for the second quarter of 2023 decreased by 2.4% to US$30.2 million.

Renewables asset manager Greenbacker Capital Management (GCM) has completed a US$148 million tax equity financing commitment with RBC Community Investment.

The RERC has ordered two government bodies to pay compensation to Palimarwar, after changes to Indian law increased the company’s costs.

Array Technologies has published its financial results for the second quarter of this year, which include a revenue of US$507.7 million.

The US solar industry added 2.7GW of capacity during the second quarter of the year, more than half of all clean power installations, according to American Clean Power Association (ACP).

Indian solar manufacturer Waaree will expand its ingot, wafer, cell and module production capacity by 6GW following a second round equity funding raise of around INR10 billion (US$121 million).

Nucor has signed a power purchase agreement with NextEra Energy to acquire 250MW from the latter’s upcoming Sebree Solar project in Kentucky.