Financial & Legal

Dutch solar project developer and asset owner Photon Energy Group said in its Q4 2024 financial results that it lost €1.5 million (US$1.57 million) on the sale of two operating solar PV power plants and a solar hybrid site in New South Wales, Australia.

The credits are Section 45X Advanced Manufacturing Production tax credits generated from selling its modules from US manufacturing bases.

The firm posted net losses (in accordance with generally accepted accounting principles (GAAP)) of US$1.81 billion over 2024 .

Spanish renewables developer Ecoener has secured a US$43.1 million loan to finance a 60MW solar PV plant in the Dominican Republic.

Sunnova said the job cuts are part of “an optimisation of its business" and the cuts will save around US$35 million.

Chinese solar manufacturer LONGi has filed a lawsuit in the US District Court for the Eastern District of Texas against Jinko Solar.

Struggling Swiss solar manufacturer Meyer Burger has successfully extended its loan bridge facility until 21 February 2025.

Germany is poised to introduce new rules aimed at removing electricity peaks and negative pricing associated with surplus generation of solar power.

Lee Zeldin said the EPA should "reassume responsibility" for funds issued under the Greenhouse Gas Reduction Fund.

“As the market develops, there’s more sophisticated views of the market,” said Aldevinas Burokas at Solar Finance & Investment Europe 2025.