Markets & Finance

Freyr told PV Tech Premium that its acquisition of a Trina solar plant aims to build a solar and storage manufacturing space in the US.

Both companies had signed a long-term supply agreement for up to 5GW of modules back in 2022, with deliveries expected between 2024 and 2029.

The Brazilian government has raised the import tax rate on solar modules this week (12 November) from 9.6% to 25%.

Maxeon has announced plans to submit 'one or more protests' against CBP for its continued detainment of its modules produced in Mexico.

China could challenge Borosil Renewables, the sole manufacturer representing an entire industry, says Hariharan & Hariharan partner.

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.