Markets & Finance

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

PV manufacturer Meyer Burger has posted the financial results for 2023 with net loss increasing by 318% to CHF292 million (US$330.6 million).

With SunPower shifting its focus to the US residential sector, there are genuine questions to be asked about the company’s prospects.

US distributed solar asset owner Spruce Power posted decreased revenues and EBITDA in Q4 2023, totalling US$15.7 million and US$9.9 million respectively.

PV Tech Premium spoke with the CCSA on utilities in California, Washington and Virginia slowing down the progress of community solar.

SJVN Green Energy, the subsidiary of Indian state-owned utility SJVN, has signed offtake agreements for 600MW of solar PV capacity with Rajasthan Urja Vikas and IT Services Limited (RUVITL).

Several European countries have underestimated the deployment of solar PV by 205GW by 2030, according to energy think tank Ember’s latest report.

Chinese solar manufacturing giant Canadian Solar shipped 30.7GW of solar modules and posted US$274 million in net income in 2023, both “record” figures for the company.

Excelsior Energy Capital has sold a 38-project solar-plus-storage portfolio, with a combined capacity of 89MW, to BlackRock.

First Solar CEO Mark Widmar has said that the US solar manufacturing industry “remains in a precarious position, despite the passage of the Inflation Reduction Act (IRA)”.