Last week was results season for solar manufacturers in China, with much of the industry’s upstream confirming both their annual reports for 2021 and performance in the opening quarter of 2022. PV Tech’s Carrie Xiao discusses some of the key trends emerging from their annual reports.
Solar Energy Industries Association (SEIA) has slashed its US solar installation forecasts by 24GW over the next two years following the US government’s decision to investigate the circumvention of duties in Southeast Asia, claiming 100,000 solar jobs will be lost as a result.
JinkoSolar has increased its PV manufacturing capacity expansion plans for 2022 once again in spite of margin pressure affecting its bottom line, citing accelerating demand in Europe and beyond.
Indian module manufacturer Waaree Energies has struck a multi-year supply agreement with CubicPV, a merger between US-based wafer producer 1366 Technologies and Hunt Perovskite Technologies (HPT), under which Waaree will receive 1GW of silicon cells per year from CubicPV’s Indian factory.
Off-grid solar specialist Sun King has raised US$260 million in a Series D funding round aimed to expand global access to affordable solar energy across Africa and Asia.
The US Department of Energy (DOE) has announced the 20 finalist moving forward in its American-Made Solar Prize Round 5, which will see 10 hardware-focused and 10 software-focused teams move through to the next round and receive cash prizes.
Investment firm KKR has launched Aster Renewable Energy, a renewable platform aimed to develop, build and operate solar, wind and energy storage projects in Southeast Asia.
A judge has ruled in favour of Tesla chief executive Elon Musk, rejecting a case which claimed he unjustly enriched himself when the company acquired SolarCity in a US$2.6 billion deal in 2016.
Florida’s Republican Governor Ron DeSantis has vetoed controversial legislation to change the state’s net metering laws that would have significantly stripped down the benefits of having residential solar and allowed utilities to add additional charges to customers’ energy bills.
US residential solar installer Sunnova continues to reduce its net loss in the first quarter of 2022, despite increasing its revenue due to a higher demand of additional energy services.
