finance

Scatec has announced revenues of NOK2.39 billion (US$230 million) and profits of NOK1 billion (US$96 million) in the first quarter of 2025.

Building floating PV (FPV) projects on just 10% of the world’s water reservoirs could almost single-handedly meet global electricity demand.

The rapidly changing nature of the world’s energy mix has necessitated similarly rapid changes in the solar PPA space.

The global solar market will continue to slow in 2025 after 2024 saw the total capacity growth rate decrease by over 50%, according to a report from SolarPower Europe (SPE).

The European Commission (EC) has allocated €52 million to nine renewable energy projects as part of its cross-border auction process.

US tracker manufacturer FTC Solar has announced a 57.6% quarter-on-quarter increase in revenue in the first quarter of this year.

CSI Solar, the PV manufacturing subsidiary of Canadian Solar, has posted massively decreased profits in Q1 2025 amid what it described as “high trade barriers” and “severe supply-demand imbalances”.

Stonepeak has acquired a 46.3% stake in Repsol’s 777MW solar and storage portfolio currently in operation in New Mexico and Texas.

Spanish energy utility giant Iberdrola has reported huge profits of over €2 billion in the first quarter of 2025.

Daqo New Energy has posted gross losses of US$81.5 million, and a gross margin of -65.8% in the first quarter of 2025.