Financial & Legal

The policy environment for solar PV in Europe needs to be balanced between the interests of developers and other industry parties, according to speakers at today’s Large Scale Solar Europe conference in Lisbon.

Bernstein Liebhard has filed a lawsuit against Shoals due to “wire shrinkback,” affecting a number of its products.

Spanish solar developer Solarpack has closed a US$176 million senior financing package for a 300MW solar PV plant in Peru.

With solar a global industry, perhaps a global approach is the best way to ensure a more consistent supply of funding.

Spanish utility Iberdrola has planned to invest €15.5 billion (US$17 billion) in renewables by 2026 and commission 6GW of solar PV and onshore wind by 2027.

Global investor KKR has acquired a majority stake in US-based solar and energy storage developer Avantus.

Solar manufacturer JinkoSolar has ended 2023 with 78.5GW of solar modules shipped, up 76.4% year-over-year.

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.