Markets & Finance

Charles Boynton will start his new position in Nextracker in May and lead Nextracker’s global finance and accounting organisation.

Record renewables capacity additions and the progress in the energy transition last year are insufficient to meet the 1.5°C scenario.

Currently executive vice president Nordics at Statkraft, Birgitte Ringstad Vartdal will assume her new position on 1 April 2024.

Swiss-owned solar manufacturer Meyer Burger has clarified the terms of its recently-announced rights issue, designed to raise money towards its US manufacturing expansion plans.

Major Chinese solar manufacturer LONGi is reportedly cutting about 30% of its workforce due to overcapacity.

Polish transmission system operator (TSO) Polskie Sieci Elektroenergetyczne (PSE) has planned to invest PLN64 billion (US$16 billion) in new transmission lines by 2034.

The investment aims to increase the share of clean energy in Bulgaria's energy mix by supporting the construction renewables into the grid.

FTC Solar has published its financial results for the fourth quarter of 2023, which includes revenue of US$23.2 million.

The EU has approved a law which will require companies to audit their supply chains for environmental damage and human rights abuse.

Altus Power has published its financial results for 2023, which include full-year revenues of US$155.2 million, a 53% increase over 2022.