Markets & Finance

Increased renewables capacity and higher earnings from international electricity generation have driven up German utility RWE's financial results for 2023.

Scatec posted record-high revenues and construction figures over 2023 which it said was facilitated by lower module and BESS prices.

Solar manufacturer JinkoSolar’s subsidiary, Jinko Solar, has released preliminary results for its fiscal year ended in 2023 with net income up between 146-170% year over year.

German chemical group Wacker Chemie has posted the financial results of 2023 with its polysilicon business falling by 61% due production-related reasons.

US community solar company Nautilus Solar Energy has signed a US$72 million tax equity deal with institutional investment management firm Foss & Company for a 62MW solar portfolio.

Origis Energy has secured US$317 million in project tax equity for two US solar projects with a combined capacity of 350MWac.

NextEra Energy Partners has announced its financial results for the fourth quarter of 2023, which includes net income of US$112 million.

Earlier this month California-based solar manufacturer Auxin Solar announced that it was suing the US Department of Commerce (DOC) and Customs & Border Patrol over unclaimed payments from the antidumping and countervailing duty (AD/CVD) tariffs.

Alantra – a renewables asset manager – and solar developer Solarig have secured €213 million (US$232 million) to support the construction of seven solar PV projects with a total 306MWp of generation capacity.

Challenges such as operational difficulties and macroeconomic headwinds cause ADT to quit the residential solar business.