Markets & Finance

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.

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.