Markets & Finance

European electric vehicle infrastructure company Allego has signed two ten-year power purchase agreements (PPA) for a total of 100GWh of annual power output. The deals are linked with a solar PV and a wind generation project.

A look into several utilities updated IRP in Arizona, as they target to increase solar and storage operational capacity in next 15 years.

Norwegian independent power producer (IPP) Scatec has posted a weakened financial results for the third quarter of 2023, with year-on-year power production and profit dropping by 7.8% and 71.6% respectively.

Clearway Energy has reported a net income of US$112 million at its renewable projects in the first nine months of the year.

EDF North America has signed an agreement with Solarcycle to recycle all damaged or broken solar modules from its solar installations.

Indonesia aims to reach net-zero and expand the country’s installed solar capacity to 264.6GW by the middle of the century.

US cadmium telluride (CdTe) thin-film module manufacturer First Solar has announced an agreement to supply utility-scale renewables developer Swift Current Energy with 500GW of thin film modules.

SolarEdge has posted a downturn in Q3 financial results, which it attributed to a “slow market environment, in particular in Europe”.

Independent power producer D.E. Shaw Renewable Investments has reached commercial operation of a 100MW solar PV plant in California, US.

US domestic solar company SunPower has lowed its FY2023 guidance due to reduced consumer demand, delayed revenue recognition from longer cycle times, and a net loss of more than US$30 million in the third quarter this year.