Net revenues for the quarter (for both CSI Solar and Recurrent Energy, the manufacturing and project development businesses) were US$1.6 billion, a 23% increase from US$1.3 billion in Q1.
The American Alliance for Solar Manufacturing Trade Committee claims that imports from Vietnam and Thailand have "accelerated" since April's AD/CVD petition, and has alleged Critical Circumstances.
Australian mining giant Fortescue Metals Group has started constructing a US$50 million project in Western Australia. The project aims to harness solar PV to produce green hydrogen, which will be used to create green metals.
Solis (Ginlong Technologies) has announced that it has been ranked number 1 for global residential inverter shipments in the latest Wood Mackenzie inverter market share report.
Data released this week by American Clean Power Association (ACP) showed that, since mid-2022, US$500 billion of investment has been planned for clean energy production and generation projects in the US.