Financial & Legal

Power product supplier Generac’s sales bounced back in the first three months of 2021, increasing 70% compared with the same period last year.

Scatec’s posted an improved first-quarter financial performance after closing its acquisition of hydropower developer SN Power in January and completing solar projects in South Africa and Ukraine.

Solar developer Solarcentury’s brand name has been retired following the company’s acquisition by Norwegian state-owned utility Statkraft.

‘Solar Module Super League’ (SMSL) member First Solar has hit a nameplate Series 6 CdTe thin film manufacturing capacity of 7.9GW in the first quarter of 2021, after ramping its second and last converted factory in Malaysia.

California-headquartered solar tracker manufacturer Nextracker is moving forward with a proposed initial public offering (IPO) of the company.

The US Department of Energy (DOE) has earmarked US$8.25 billion in loans to support grid transmission improvements as more renewables are added to the country’s power mix.

South Australia saw record low daytime energy prices in the first three months of this year, driven by a sharp uptake in renewable power resources.

FTC Solar has downgraded the pricing of its initial public offering (IPO) and will list at a price of US$13 per share, rather than initial target range of US$18 – 20.

Enphase Energy beat its revenue guidance in Q1 2021 as the microinverter supplier got off to a strong start to 2021, however an ongoing semiconductor shortage has weighed heavy on guidance for the rest of the year.

The fallout from February’s winter storm in Texas could see new legislation enacted that would shift the cost of ancillary services onto renewable energy projects, potentially derailing solar deployment in a state that is currently on track to surpass California and become the US’ leading PV market. Jules Scully speaks to the market to determine the risk posed to solar as a result.