Financial & Legal

Despite Ukraine’s ongoing conflict with Russia, the country’s solar sector continues to develop. Lena Dias Martins reports on the opportunities solar developers are finding amid the horrors of war.

Spanish solar developer Solarpack has signed two environmental attribute purchase agreements (EAPAs) with tech company Meta in Indiana, US.

FTC Solar has announced its financial results for the first quarter of 2024, which include revenue of US$12.6 million.

In the first quarter of the year, Array Technologies' revenue was only US$153.4 million, down from US$341.6 million in Q4 2023.

Indian independent power producer (IPP) ReNew has signed 800MW of solar PV power purchase agreements (PPAs) in India.

Canadian Solar's quarterly module shipment decreased by more than 20%, but it posted a net income of US$12.4 million in Q1 2024.

US residential solar and storage company Sunrun has narrowed its net loss for the first quarter of 2024, but its solar capacity additions continued to drop for four quarters in a row.

Risen Energy has published its financial results for 2023, led by revenues of RMB35.3 billion (US$4.9 billion), a 20.2% year-on-year increase.

SMA Solar has published its financial results for the first quarter of the year, which include falling sales in the home and C&I sectors.

Clean energy manufacturing – led by solar PV expansions – accounted for 4% of global GDP growth in 2023, according to a new report from the International Energy Agency (IEA).