Markets & Finance

Arevon said that the transaction made use of the Inflation Reduction Act’s (IRA) tax credit transferability scheme.

Residential solar installer Lumio has filed voluntary petitions for relief under Chapter 11 bankruptcy in the US Bankruptcy Court for the District of Delaware.

Chinese solar manufacturer Trina Solar has signed a 1.2GW TOPCon module framework supply agreement with renewables developer Vanda RE in Indonesia.

Toyo Solar has announced plans to build a 2GW module manufacturing plant in the US, which it plans to commission next year.

In total 93 ground-based solar PV projects were awarded Contracts for Difference in the sixth auction round (AR6).

Solar consultancy group SunWiz has revealed that rooftop solar PV volumes in Australia fell by 7% month-on-month in August yet it still managed to be the 13th-best month on record.

Maxeon has published losses of US$7.8 million, alongside falling module shipments, in its financial results covering Q2 2024.

The Brazilian Development Bank (BNDES) has raised R$1.14 billion (US$200 million) to support the development of 402MW of new solar capacity.

Consisting of eight utility-scale PV projects, which will be located in the central and northern Italian regions of Lazio and Emilia Romagna.

According to Bernreuter Research, Tongwei Solar, GCL Technology, Daqo New Energy, and Xinte Energy all posted net losses in H1 2024.