Markets & Finance

George Heynes charts the key market developments in the EU countries of Northern Europe, as well as non-EU members, Norway and the UK.

SMA Solar has published its latest financial results, reporting sales of €759.3 million (US$829.4 million) in the first half of the year.

The UK’s Standard Chartered Bank will provide a €249 million (£213 million) loan for Turkish investment company Kalyon Enerji.

Graphic Packaging International (GPI) will acquire electricity from an 83MW solar portfolio operated by Zelestra.

At the same time, the company said that US trade laws and tax credits had created some uncertainty in the solar project market.

Data released this week by American Clean Power Association (ACP) showed that, since mid-2022, US$500 billion of investment has been planned for clean energy production and generation projects in the US.

Australian startup SunDrive Solar has revealed that it has undergone a restructuring of the company, resulting in job cuts, as it looks to “sharpen focus on solar”.

In the three months to 30th June 2024, SunRun generated total revenue of US$523.8 million, down YoY from US$590.1 million in Q2 2023.

Israel-headquartered solar inverter supplier SolarEdge has reported a quarterly decline in shipments in the second quarter of 2024 with 873MW.

This is JERA Nex’s first foray into the US solar market and was executed in partnership with JERA Americas.