Markets & Finance

The company's CEO Detlef Neuhaus said operating production in Germany was extremely difficult economically.

Major Chinese polysilicon producer Daqo New Energy has posted a decreased financial results for the fist quarter of 2024 as the wafer sector faced pressure from accumulated inventories and negative margins.

US independent power producer (IPP) Enfinity Global has secured a US$195 million long-term financing for a 70MW solar PV plant in Japan.

US renewables developer energyRe has secured a total of US$240 million to finance the 108MWdc/198MWh Lone Star solar-plus-storage project in South Carolina.

Sembcorp has signed two 18-year power purchase agreements (PPAs) with Equinix to supply 75MW of solar power to the latter’s facilities.

The dollar-per-watt metric has traditionally formed the basis of PV module purchasing, but this formula can lead to costly mistakes.

Leading Chinese module manufacturer JinkoSolar has published its financial results for the first quarter of 2024, which include over 21GW of shipments and total revenues of RMB23.04 billion (US$3.19 billion), a slight year-on-year (YoY) fall.

Solar developer Lightsource bp has secured €315.34 million (US$337.5 million) for a 560MWp solar PV project in Greece.

An increase in solar module prices is “hard to imagine unless there is a massive shortage in supply”, according to PV Tech head of research Finlay Colville.

The German government has launched a new rooftop solar tender, seeking 258MW of PV capacity open until Monday 3 June 2024.