Financial & Legal

Global investment in solar in the first half of 2023 increased by 43% year-on-year (YoY) to reach US$239 billion, but renewable energy investment was still far below the required amount to reach the net zero goal by 2050.

Polish renewables developer PAD RES has secured PLN240 million (US$58.7 million) in financing for the construction of 117MW PV plants in Poland.

Meyer Burger has published its financial results for H1 2023, reporting strong production figures, but losses of US$49.4 million

Origis Energy has established a US$750 million funding facility to develop 2GW of large-scale solar and energy storage facilities in the US.

A new joint venture (JV) between renewables developer Invenergy and Blackstone Infrastructure Partners has closed the purchase of a 1.3GW solar and wind asset portfolio from American Electric Power (AEP).

Opinions on the anniversary of the IRA from different parts of the US solar industry, as well as a timeline of the IRA's history.

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.