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Financial & Legal
SMA Solar to slash jobs amid ‘persistently challenging’ residential PV market
November 14, 2024
In its Q1-3 2024 financial results, SMA Solar said it will cut up to 1,100 jobs and reduce costs by between €150 and €200 million by the end of 2025.
AXIAN secures US$89.2 million in finance for Kolda solar-plus-storage plant in Senegal
November 13, 2024
The EAAIF, FMO and DEG have invested €84 million (US$89.2 million) into AXIAN Energy’s Kolda solar-plus-storage portfolio in Senegal.
Enphase to cut 500 jobs globally, ends manufacturing contract in Mexico
November 12, 2024
Microinverter supplier Enphase Energy has said that it will cut nearly 17% of its global workforce or nearly 500 employees.
LONGi’s Q1-3 2024 shipments reach 51GW, financial losses continue
November 11, 2024
Chinese solar manufacturing giant LONGi posted RMB1.26 billion (US$174.8 million) in losses in its Q3 2024 financial results.
World installs 2TW solar PV, must double momentum to meet COP targets
November 11, 2024
The Global Solar Council announced that it will launch the International Solar Finance Group at the COP29 conference in Baku, Azerbaijan
I Squared Capital acquires German agriPV operator SUNfarming
November 8, 2024
Cube Green Energy, a subsidiary of US investment manager I Squared Capital, has acquired German agrivoltaics (agriPV) developer SUNfarming.
Sunrun grows installed solar and storage capacity by double-digits in Q3
November 8, 2024
In Q3 2024, Sunrun added 230MW of solar PV capacity and 336MWh of storage, both a double-digit increase from the previous quarter.
Clenera and APS sign PPA for Snowflake A 600MW solar-plus-storage project in Arizona
November 8, 2024
Clenera has signed a power purchase agreement (PPA) with utility Arizona Public Service (APS) for its Snowflake A solar-plus-storage project.
Array Technologies sees ‘strong momentum’ with 45X and domestic content credits
November 8, 2024
US solar tracker manufacturer Array Technologies has posted US$231 million in revenues and adjusted EBITDA of US$46.7 million in its Q3 2024 financial results.
Turkey launches tender for 800MW of new solar capacity
November 7, 2024
Turkey has launched its latest solar tender, seeking 800MW of capacity to be split between six projects in six regions across the country.
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