Financial & Legal

Meyer Burger net losses increased fivefold in H1 2024

November 1, 2024

Swiss-based solar manufacturer Meyer Burger has registered a net loss of CHF317 million (US$365 million) in the first half of 2024, a nearly fivefold increase from H1 2023 when it had a net loss of CHF65 million.

Nextracker grows quarterly backlog order to US$4.5 billion

October 31, 2024

For a seventh consecutive quarter, US solar PV tracker manufacturer Nextracker has had a sequential growth in its backlog which sits at over US$4.5 billion.

Tsunami of Chinese solar company insolvencies in 2025 revealed in latest PV Tech Bankability Report

October 31, 2024

The latest ‘PV ModuleTech Bankability Ratings Quarterly’ report reveals a Chinese sector on the verge of widespread company insolvencies.

First Citizens Bank enters renewables tax equity space

October 30, 2024

Yesterday, the bank launched a new tax equity investment “product” through its Energy Finance business aimed at renewable energy projects.

‘Entire Fortune 500’ looking at clean energy tax credits

October 29, 2024

The whole of the Fortune 500 is looking into clean energy tax credit transferability deals, according to tax credit investment banking firm Foss & Company.

US ROUND-UP: Pine Gate and Enfinity secure finance, ENGIE signs PPA with Google

October 25, 2024

Pine Gate Renewables and Enfinity Global have secured financing, and ENGIE has signed a power purchase agreement (PPA) with Google.

NextEra Energy targets 81GW of renewables and energy storage by 2027

October 24, 2024

US utility NextEra Energy Partners has planned to have a renewables and energy storage portfolio of 81GW by 2027.

Enphase lowers Q4 revenue forecast off the back of slow sales

October 24, 2024

Enphase Energy posted revenue of US$380.9 million in the third quarter of 2024, and sold around 1.7 million microinverters.

Pexapark: September sees lower renewable PPA prices, as volume of deals increases

October 23, 2024

Between August and September, the average price of a power purchase agreement (PPA) signed in Europe fell, according to Pexapark.

Trina Solar sues Canadian Solar over alleged TOPCon patent infringement in the US

October 23, 2024

Filed in the US District Court for the District of Delaware, the lawsuit is in regard to two of Trina Solar's TOPCon patents.

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