Financial & Legal

The Pomerantz Law Firm has brought a class action lawsuit against Singapore-headquartered solar manufacturer Maxeon Solar Technologies concerning whether “Maxeon and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.”

Dimension Renewable Energy has announced a new name and a plan to operate 500MW community solar projects by the end of next year.

German renewables company BayWa r.e has sold a 95MW solar PV plant in Spain to independent power producer Encavis Asset Management.

Three Chinese solar manufacturers - LONGi, Tongwei, and Aiko Solar - have reported losses in the first half of the year due to increased competition.

Detention of electronics by US customs, which includes solar PV products, has dropped to its lowest since the implementation of the Uyghur Forced Labor Prevention Act (UFLPA) in 2022.

New antidumping and countervailing duty (AD/CVD) tariffs in the US could result in increased solar cell and module costs “to a level that significantly restricts solar supply and installations in the US”, according to new analysis from Clean Energy Associates (CEA).

The Chinese Ministry of Industry and Information Technology (MIIT) has issued a draft rule raising the minimum capital ratio for solar PV manufacturing projects to 30%.

Polish independent power producer (IPP) R.Power has signed a PLN 231 million (US$58.5 million) deal with the Polish Development Bank to develop a 72MWp solar PV portfolio.

As a fast-growing segment of the industry, floating solar is also a novel technology that comes with a variety of new operational risks.

The European Bank for Reconstruction and Development (EBRD) will provide up to US$229.4 million to ACWA Power to develop a 200MW/500MWh solar-plus-storage project in Uzbekistan.