Financial & Legal

Swiss-owned solar manufacturer Meyer Burger has clarified the terms of its recently-announced rights issue, designed to raise money towards its US manufacturing expansion plans.

PV manufacturer Meyer Burger has posted the financial results for 2023 with net loss increasing by 318% to CHF292 million (US$330.6 million).

US distributed solar asset owner Spruce Power posted decreased revenues and EBITDA in Q4 2023, totalling US$15.7 million and US$9.9 million respectively.

SJVN Green Energy, the subsidiary of Indian state-owned utility SJVN, has signed offtake agreements for 600MW of solar PV capacity with Rajasthan Urja Vikas and IT Services Limited (RUVITL).

Chinese solar manufacturing giant Canadian Solar shipped 30.7GW of solar modules and posted US$274 million in net income in 2023, both “record” figures for the company.

Excelsior Energy Capital has sold a 38-project solar-plus-storage portfolio, with a combined capacity of 89MW, to BlackRock.

JA Solar has signed memoranda of understanding with three Pakistani companies to supply 600MW of n-type PV modules.

The German Bundesnetzagentur has published the results of a renewables auction, which saw tenders granted for 264MW of rooftop solar capacity.

Continued growth in rooftop solar and “record-breaking” investment into utility-scale energy storage led renewable energy to fulfil almost 40% of Australia’s electricity supply in 2023.

ACEN will provide BrightNight with resources to fund its buildout in the Philippines and long-term growth in the country.