Financial & Legal

Energy tech company AES has reaffirmed its annual growth target of between 7-9% through to 2025 and expects to add 5GW of renewables, up from a previous target of 4GW, under long-term contracts this year after performing better than expected so far, according to its Q3 results released yesterday

Spanish solar tracker manufacturer Soltec reported a net loss of €100,000 (US$120,000) in Q3 and a €20 million (US$23 million) loss in the first nine months of the year due to “significant international disruptions”, according to its Q3 financial results released today

US solar installer SunPower has downgraded its full year 2021 revenue guidance, pointing to delays in its commercial and industrial projects business.

Solar jobs in Europe will double to 742,000 by 2030 when based on the current European Commission (EC) target of 40% renewables.

LONGi Solar is to become the latest leading PV module manufacturer to have shipments blocked from entering the US, reports have suggested.

Grid outages in Australia dented the performance of UK-based solar asset owner Foresight Solar Fund (FSFL) in the first nine months of the year.

India has pledged to have 500GW of renewable capacity, accounting for 50% of its energy mix, by 2030.

The Solar Energy Industries Association (SEIA) has urged the Biden Administration to phase out the Section 201 tariffs on certain crystalline silicon PV cells from China ahead of a US International Trade Commission (USITC) hearing this week

A proposed extension of the US solar investment tax credit (ITC) could increase PV deployment by more than 40% over the next decade, analysis by Wood Mackenzie has found.

Swedish thinfilm solar cell manufacturer Midsummer will receive roughly €38 million (US$44 million) worth of financial incentives to build a 50MW factory in Bari, Italy.