Financial & Legal

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.

The EAAIF, FMO and DEG have invested €84 million (US$89.2 million) into AXIAN Energy’s Kolda solar-plus-storage portfolio in Senegal.

Microinverter supplier Enphase Energy has said that it will cut nearly 17% of its global workforce or nearly 500 employees.

Chinese solar manufacturing giant LONGi posted RMB1.26 billion (US$174.8 million) in losses in its Q3 2024 financial results.

The Global Solar Council announced that it will launch the International Solar Finance Group at the COP29 conference in Baku, Azerbaijan

Cube Green Energy, a subsidiary of US investment manager I Squared Capital, has acquired German agrivoltaics (agriPV) developer SUNfarming.

In Q3 2024, Sunrun added 230MW of solar PV capacity and 336MWh of storage, both a double-digit increase from the previous quarter.

Clenera has signed a power purchase agreement (PPA) with utility Arizona Public Service (APS) for its Snowflake A solar-plus-storage project.

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 has launched its latest solar tender, seeking 800MW of capacity to be split between six projects in six regions across the country.