Markets & Finance

Dutch solar project developer and asset owner Photon Energy Group said in its Q4 2024 financial results that it lost €1.5 million (US$1.57 million) on the sale of two operating solar PV power plants and a solar hybrid site in New South Wales, Australia.

The credits are Section 45X Advanced Manufacturing Production tax credits generated from selling its modules from US manufacturing bases.

According to Italy’s solar association, last year saw a divergence in the fortunes of the utility-scale and residential solar sectors.

The Indian Central Electricity Authority has advised state utilities and all renewable energy implementing agencies to co-locate energy storage systems with solar PV in future tenders.

The firm posted net losses (in accordance with generally accepted accounting principles (GAAP)) of US$1.81 billion over 2024 .

Canadian solar cell and module manufacturer Heliene has signed a multi-year agreement with PV frame producer Origami Solar for the supply of steel frame modules.

Spanish renewables developer Ecoener has secured a US$43.1 million loan to finance a 60MW solar PV plant in the Dominican Republic.

Chinese solar manufacturer Tongwei has ended its plan to acquire a controlling stake in fellow Chinese manufacturer Runergy.

Sunnova said the job cuts are part of “an optimisation of its business" and the cuts will save around US$35 million.

Chinese solar manufacturer LONGi has filed a lawsuit in the US District Court for the Eastern District of Texas against Jinko Solar.