Financial & Legal

Solar manufacturer JinkoSolar’s subsidiary, Jinko Solar, has released preliminary results for its fiscal year ended in 2023 with net income up between 146-170% year over year.

German chemical group Wacker Chemie has posted the financial results of 2023 with its polysilicon business falling by 61% due production-related reasons.

Origis Energy has secured US$317 million in project tax equity for two US solar projects with a combined capacity of 350MWac.

NextEra Energy Partners has announced its financial results for the fourth quarter of 2023, which includes net income of US$112 million.

Alantra – a renewables asset manager – and solar developer Solarig have secured €213 million (US$232 million) to support the construction of seven solar PV projects with a total 306MWp of generation capacity.

Challenges such as operational difficulties and macroeconomic headwinds cause ADT to quit the residential solar business.

3Sun, the solar module manufacturing subsidiary of Italian utility Enel has secured €560 million (US$612 million) in financing for its heterojunction module assembly plant in Sicily, Italy.

Recurrent Energy, the solar project development subsidiary of global solar manufacturer Canadian Solar, has secured a US$500 million equity investment from Blackrock, the world's largest asset manager.

UK-based energy group Octopus Energy has acquired its first solar PV portfolio of 142.8MW projects in Germany.

Over the last six months, two major US utilities – American Electric Power (AEP) and Duke Energy – have been selling off their commercial solar PV assets to private investment groups and consolidating their operations in regulated markets.