Financial & Legal

JA Solar intends to fund the construction of a major PV manufacturing facility by issuing convertible bonds to raise up to RMB8.96 billion (US$1.3 billion).

US thin-film manufacturer First Solar has recorded 48.3GW of net bookings in 2022, up 30.8GW from the previous year.

Lightsource bp and First Solar have agreed a 4GW module supply deal for US projects to be delivered between 2026-28.

During 2022, capex for solar PV manufacturing fabs reached a record high - at more than US$27 billion - with spending dominated by Chinese companies building out new fabs in China and across Southeast Asia.

Solar module underperformance has nearly doubled since 2019, accounting for around US$2.5 billion in projected losses for the global solar industry.

Energy company AES Corporation expects to complete 3.4GW of new renewable energy projects globally in 2023.

US independent power producer (IPP) Silicon Ranch has expanded its master supply deal with domestic PV module manufacturer First Solar, bringing the total agreed supply between the companies to 6.2GW.

US utility Entergy Texas has signed a 150MW solar PV power purchase agreement (PPA) with renewables developer Longroad Energy in the US.

German research body Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE) has signed a letter of intent (LoI) with the Indian Department of Science and Technology (DST) to pursue developments in green hydrogen technology in the country.

Solar technology and renewable energy company Canadian Solar has announced that its module shipment this year will reach up to 35GW.