Markets & Finance

US renewables developer EE North America has acquired a majority stake in two Colorado solar PV projects with a combined capacity of 700MW, adding to the company’s now 2.5GW-strong US development pipeline.

Three renewables generation projects amounting to a collective 1.395GW have been awarded approvals in New South Wales’ most recent renewable energy tender, alongside a large battery energy storage system (BESS).

US solar developer Swift Current Energy has closed financing on a 266MW solar PV project in Southeast Texas.

Indian module manufacturer Navitas Green Solutions (Navitas Solar) has raised US$5 million aimed to expand its current solar manufacturing capacity.

German chemical group Wacker Chemie has started the first quarter of 2023 with lower polysilicon sales volume.

Chinese PV manufacturer Risen Energy saw significant profit and revenue growth in 2022 as the company looked to expand its module production capacity and develop new technologies.

Jinko Solar has posted an improved financial result for the first quarter of 2023, as its net income attributable to ordinary shareholders increased by 18.6% quarter-on-quarter.

German utility RWE has reported an improved financial result in the latest quarter but the adjusted EBITDA of onshore wind and solar decreased by more than 20%.

Thin-film module manufacturer First Solar has reached a module backlog of 71.6GW and sold all its allocated US capacity through 2026.

Solar PV developer Lightsource bp has signed a deal with industrial manufacturing company Siemens for a 1GW supply of solar inverters to be deployed on Lightsource’s US PV projects.