Markets & Finance

Everything seems to be pointing to the solar PV manufacturing sector going into a downturn in 2024, with loss-making potentially rife across much of the upstream sector.

Michigan has announced plans to meet 100% of its energy demand with renewable energy sources, such as wind and solar, by 2040.

The Sri Lankan government has issued a request for proposals (RFP) for a 70MW ground-mount solar PV tender, via its electricity development and coordination body, the Ceylon Electricity Board (CEB).

Canadian Solar's total module shipments in Q3 this year increased by 39% to 8.3GW year-on-year, and 1% quarter-on-quarter.

Solar project developer and asset owner Photon Energy Group has posted reduced revenues and EBITDA in its  financial results for the first nine months of 2023, which the company attributed to “lower realised electricity prices and a slow-down in PV components trading”.

Global alternative asset manager Blackstone is lending US$200 million towards the construction of new solar PV projects in the US by Altus Power.

Singapore-based energy company Sembcorp has announced an agreement to buy 245MW of renewables projects in Vietnam.

A total of AU$150 million will be made available for applications focusing on regional decarbonisation of industrial process heat and off-road transportation.

SMA Group has posted an improved financial results for the first nine months of 2023, with sales increasing by more than 84% year-on-year.

The European Commission has approved a €1.7 billion (US$1.8 billion) scheme to support the deployment of 1.04GW of agrivoltaics projects in Italy.