Financial & Legal

Gautam Adani is accused of allegedly paying US$250 million in bribes to Indian officials to secure solar energy contracts.

US solar tracker supplier Array Technologies has invested US$3 million in autonomous robotics company Swap Robotics' automated solar panel laying technology.

Saudi Arabia has awarded the 2GW Al Sadawi solar project to a consortium led by Masdar, and signed a PPA to acquire power from the project.

The financing covers two solar PV plants, which include the 445MW Bilasuvar PV plant and the 315MW Neftchala solar project.

Australia has revealed an AU$125 million (US$80 million) investment package to support the rollout of renewable energy technologies across the Pacific region.

Freyr told PV Tech Premium that its acquisition of a Trina solar plant aims to build a solar and storage manufacturing space in the US.

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.