Markets & Finance

Renewables investor Magnora ASA has sold a 90MW solar PV project in South Africa to independent power producer (IPP) Globeleq.

Mining major Rio Tinto and Aboriginal energy partnership the Yindjibarndi Energy Corporation (YEC) have signed a memorandum of understanding (MOU) to pursue the development of solar and wind projects in the Pilbara region of Western Australia.

Solar inverter producer SolarEdge's revenue in the third quarter of 2023 is expected to be about 20% lower than consensus due to cancellations and pushouts of existing backlog from European distributors.

JinkoSolar has agreed to supply 3.8GW of its n-type panels to energy company ACWA Power for use at two solar projects in Saudi Arabia.

The net income of JinkoSolar subsidiary Jiangxi Jinko has reached RMB6.54 billion (US$894.1 million) in the first nine months of 2023.

From 2023-2025, investments in Southeast Asian renewables will exceed US$76 billion, and this investment amount will likely continue to rise. 

A report from the University of Exeter has concluded that the world has reached “a global irreversible solar tipping point”.

Europe’s solar industry has welcomed moves by EU energy ministers to agree a way forward on electricity market design.

Facing an auditorium of the biggest names in solar, the panelists in the discussion emphasised the central role that ESG and supply chain traceability is coming to play in the solar industry.

Canadian Solar says the private placement provided the company with enhanced liquidity and flexible funds to grow its subsidiary Recurrent Energy's global business.