Markets & Finance

Maria Popova of the European Federation of Energy Traders makes the case for power purchase agreements from renewable sources, as the sheer volume of renewables growth required to reach Europe’s climate target means that public financial support is unlikely to be sufficient for the task, and market-based instruments and mechanisms need to be deployed alongside.

Class action lawsuits have been filed against US domestic solar company SunPower, amidst allegations that company misled investors by failing to disclose that it had inaccurately reported the cost of revenue and inventory metrics.

Solar curtailments in California, the US, have never been higher in 2023, as solar generation outpaces transmission capacity upgrades, according to a report from the US Energy Information Administration (EIA).

First Solar has reached a module backlog of 81.8GW, which it expects to extend into 2030, as of the third quarter of 2023.

Decreasing polysilicon average selling price (ASP) has reduced by a third China-based polysilicon manufacturer Daqo New Energy’s revenue in the third quarter of 2023.

Engie has purchase a portfolio of five solar projects in Brazil from Atlas Renewable Energy, with a combined capacity of 545MWac.

Solar Module Super League (SMSL) member JinkoSolar shipped 21.3GW of solar modules and 1.2GW of cells and wafers in Q3 2023, an increase of 21.4% sequentially and 108.2% year-on-year (YoY).

Soltec is aiming to double its US revenues between 2022 and 2025, and this work could be a blueprint for other European solar players.

Lithuanian energy supplier Green Genius has secured €9.5 million (US$10.07 million) from investment and insurance company INVL towards building 500MW of renewables projects in Romania.

The China Nonferrous Metals Industry Association announced that the average transaction price of M10 mono-silicon wafer has dropped by 6.96%.