Markets & Finance

Renewable energy investor Modus Asset Management has secured €58 million to acquire a 93MW operational solar PV portfolio in Poland.

German chemical group Wacker Chemie has posted the financial results for the second quarter of 2023 with its polysilicon sales dropping by about 9.7%.

Mytilineos has released its financial results for the first half of 2023, with its energy sector posting a total turnover of €1.99 billion.

US cadmium telluride (CdTe) thin-film module manufacturer First Solar has unveiled its intention to build a fifth US manufacturing facility, adding 3.5GW annual capacity in 2026.

Solar tracker supplier Nextracker has reported a 19% rise in year-on-year revenues for Q2 2023 (Q1  financial year (FY) 2024), to US$479.5 million.

George Heynes explores how the UK’s Nationally Significant Infrastructure Projects regulations support the transition to a green energy economy.

US thin-film module manufacturer First Solar has signed a deal with Spanish developer Matrix Renewables to supply 2.1GW of thin-film modules.

US residential solar installer Sunnova has recorded a reduced adjusted EBITDA year-on-year of US$28.1 million for the second quarter of 2023 although its revenue increased by 13.2%.

Spanish utility Iberdrola has added 500MW of solar capacity during the second quarter of 2023, bringing the total to nearly 5GW.

Indian independent power producer (IPP) ReNew Power and Malaysian Gentari’s Indian subsidiary, Gentari Renewables India, have established a joint venture (JV) to target 5GW of new renewable energy capacity.