Markets & Finance

The sixth PPE2 tender for ground-mounted solar ended up slightly oversubscribed as the French government tendered for 925MW of PV capacity.

In its Q1-3 2024 financial results, SMA Solar said it will cut up to 1,100 jobs and reduce costs by between €150 and €200 million by the end of 2025.

The announcement was made by the country’s president, Ilham Aliyev, during the opening ceremony of the Conference of the Parties 29 (COP29) summit, held in Baku, Azerbaijan.

The EAAIF, FMO and DEG have invested €84 million (US$89.2 million) into AXIAN Energy’s Kolda solar-plus-storage portfolio in Senegal.

Masdar and the Albania Power Corporation (KESH) have announced plans to build a “gigawatt-scale” renewable power portfolio in Albania.

The government of New South Wales, Australia, has released a new planning framework for large-scale renewable energy developments aiming to streamline planning decisions.

Iberdrola Australia, a sub-division of utility giant Iberdrola, has secured power purchase agreements (PPAs) with 13 regional councils in New South Wales that will see part of the energy sourced from a large-scale solar PV power plant.

FTC Solar has posted its financial results for the third quarter of the year, which include revenues of US$10.1 million.

News round-up of recent tenders globally; Nepal awarded 1GW of solar, Italy 320MW and Bahrain seeks 44MW of PV capacity.

Microinverter supplier Enphase Energy has said that it will cut nearly 17% of its global workforce or nearly 500 employees.