Markets & Finance

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.

Chinese solar manufacturing giant LONGi posted RMB1.26 billion (US$174.8 million) in losses in its Q3 2024 financial results.

Europe is forecast to add 110GW of solar PV capacity in 2025, according to Liam Coman, solar market analyst at S&P Global Commodity Insights.

The Indian government has imposed preliminary antidumping measures on solar glass producers exporting products from China and Vietnam.

Despite record renewables installations in 2023, notably PV, the global energy transition remains “off track” and geographically imbalanced.

The Global Solar Council announced that it will launch the International Solar Finance Group at the COP29 conference in Baku, Azerbaijan

The Australian Energy Market Commission (AEMC) has progressed a consumer-focused pricing review that was brought forward due to increasing household rooftop solar PV installation rates.

Cube Green Energy, a subsidiary of US investment manager I Squared Capital, has acquired German agrivoltaics (agriPV) developer SUNfarming.

In Q3 2024, Sunrun added 230MW of solar PV capacity and 336MWh of storage, both a double-digit increase from the previous quarter.