Markets & Finance

The proposal would have likely been consequential for the solar PV industry, which is plagued by allegations of forced labour in the production of polysilicon and other upstream components.

SMA Solar sold 20.5GW of inverters in 2023, up from 12.2GW in 2022. EBITDA increased to €311 million in 2023 from €70 million in 2022.

ARR and Apollo have entered into a US$30 million royalty investment with Apex to aid in the latter’s commissioning of the 195MW Angelo solar farm.

Better Energy has signed a PPA with Fujifilm Diosynth Biotechnologies to sell electricity generated at its 107MW solar project in Vedde.

Spanish independent power producer Grenergy has secured €175 million (US$190 million) in green financing for the construction of 300MW Spanish solar portfolio.

Alantra Solar said a "significant percentage" of 40 solar PV plants will feature battery energy storage systems.

The Australian government of New South Wales (NSW) has launched an A$275 million (US$178.7 million) initiative aimed at renewables manufacturing.

The projects cover different types of clean energy, including solar, battery energy storage systems (BESS) and microgrids.

EDF Renewables has signed a PPA with SCPPA to sell some of the power generated from its upcoming 300MWac Bonanza solar-plus-storage project.

Major Chinese polysilicon producer Daqo New Energy saw both production and sales of polysilicon increase by around 50% in 2023 compared with 2022, whilst the dramatic drop in polysilicon prices slashed revenues from US$4.6 billion to US$2.3 billion over the same period.