Markets & Finance

BayWa has published its financial results for the first half of the year, which include total revenues of €10.7 billion (US$11.9 billion).

Investment manager Patrizia and Mitsui & Co have entered the Philippine solar PV market with binding agreements to acquire an interest in BEI, a rooftop solar PV developer.

California governor, Gavin Newsom, has vetoed a bill that would have allowed schools and apartment buildings to use self-consumption of solar PV.

Heliene has closed a US$50 million tax credit transfer sale to support its cell and module manufacturing expansion in the United States.

Meyer Burger has published its preliminary results for H1 2024, which include module sales of CHF43.4 million (US$51.5 million).

By 2040, up to 25GW of solar PV, battery storage and wind deployment could be reduced in the major power markets.

Reducing volatility impacts, managing cannibalisation and investing in grids will help solar energy cement its role in global energy systems.

SMA Solar has announced plans to conduct a 'company-wide restructuring' due to the impacts of what it calls a 'volatile' market environment.

The Saudi Arabian government’s power procurement arm has invited bids for up to 3GW of new solar PV capacity.

The global weighted average LCOE of utility-scale PV plants fell to US$0.044/kWh in 2023, a 12% year-on-year decline from 2022.