finance

SMA Solar posted preliminary net losses of €117.7 million (US$126 million) in 2024—down from €225.7 million in income last year.

Europe’s solar buyers are showing increased optimism for the sector, in spite of fluctuations in module prices across technologies.

Despite revenue improvements, the company signalled doubts over its ability to continue operations and stay afloat over the coming year.

Ellomay Capital has closed financing for a 198MW portfolio of solar assets it plans to build and operate in Italy.

The company signed the financing MoU with the New and Renewable Energy Department of the Madhya Pradesh government.

Iberdrola invested a record €12 billion into its operations in 2024, which yielded a 31% increase in operational solar capacity.

The decline reflects the broad trend across the solar manufacturing industry, where severe downward pressure on prices—brought about by an excess of product supply—has squeezed manufacturers' margins and pushed some into the red.

India could fall 100GW short of its 2030 renewable capacity deployment goals, according to a new report by think tank Ember Climate.

Daqo New Energy posted losses of US$65.3 million in the fourth quarter of 2024, and end-of-year losses of US$212.9 million.

The retreat on renewables has been described as a "last-ditch attempt to cash in" against the rising tide of the energy transition.