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Image: Canadian Solar

Canadian Solar posts losses and steady shipments in Q3 2024, receives TOPCon certification from DNV

December 6, 2024
US$14 million net losses for the quarter compared with net income of US$4 million in Q2 2024 and US$22 million in Q3 2023.
An illustration of a Carbon manufacturing plant.

European Commission launches €3.4 billion clean energy manufacturing and battery funds

December 5, 2024
The European Commission has launched a €3.4 billion call to support the development of “innovative decarbonisation technologies in Europe".
The Danish Fields solar project in Texas.

TotalEnergies buys German renewables developer, sells US solar portfolio

December 5, 2024
TotalEnergies has sold a 50% stake in a 2GW US solar and energy storage portfolio and acquired German renewable energy developer VSB Group.
SolarEdge-Sella-2-Facility-768x432

SolarEdge battery closures to enable focus on ‘core solar’ and ‘solar-tied batteries’, says CEO

December 4, 2024
SolarEdge interim CEO Ronen Faier has spoken about the closure of the company’s utility-scale battery storage manufacturing business.
risen energy australia

GPG Australia secures AU$2.3 billion financing for renewable energy portfolio

December 4, 2024
Australia’s Global Power Generation (GPG) has secured an AU$2.3 billion (US$1.49 billion) financing facility to support the development of its 1.8GW renewable energy and storage portfolio.
The Powell Creek solar project from Avangrid. Image: Avangrid

Avangrid, PGE sign 120MW PPA backed by Meta data centre

December 3, 2024
Power from the project, which is under construction, will be sold to PGE under a 25-year contract and marketed through its Green Future Impact (GFI) scheme.
A Matrix Renewables solar project.

Matrix Renewables secures US$376 million financing for 210MW Texas solar project

December 3, 2024
Matrix Renewables has secured financing for its 210MW Stillhouse Solar project, to be built in Bell County of the US state of Texas.
Inverters-are-a-key-target-for-cyber-attacks

McLaren acquires Italian inverter producer Fimer

December 2, 2024
MA Solar Italy, a subsidiary of McLaren, acquired FIMER for an undisclosed fee amid challenges for the inverter market.
masdar

Masdar completes acquisition of Greece’s Terna Energy

November 29, 2024
Masdar acquired 70% of Terna Energy’s outstanding shares at €20 per share, valuing the company at an enterprise value of €3.2 billion.
A SolarEdge event stand.

SolarEdge announces layoffs and closes storage division, shifts focus to PV

November 28, 2024
SolarEdge has closed its utility-scale battery storage division, resulting in a layoff of roughly 12% of its total workforce.

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