finance

Major Chinese polysilicon producer Daqo New Energy has posted a decreased financial results for the fist quarter of 2024 as the wafer sector faced pressure from accumulated inventories and negative margins.

US renewables developer energyRe has secured a total of US$240 million to finance the 108MWdc/198MWh Lone Star solar-plus-storage project in South Carolina.

Solar developer Lightsource bp has secured €315.34 million (US$337.5 million) for a 560MWp solar PV project in Greece.

SunPower will reduce workforce and close business segments as the latest steps to simplify business structure and lower costs.

Spanish utility Iberdrola posted increased profits and earnings before interest, taxes, depreciation and amortisation (EBITDA) in Q1 2024.

US renewables developer NextEra Energy has posted an improved financial results for the first quarter of 2024, with net income increasing by 8.7%.

The Australian government will launch a 6GW renewable energy tender next month under its expanded Capacity Investment Scheme (CIS).

Low solar module prices kept solar PV competitive in the energy market in 2023 despite generally falling electricity prices.

Automotive manufacturer Stellantis has acquired a minority stake in Argentinian renewable energy company 360Energy Solar.

The European Investment Bank (EIB) has signed a €150 million (US$159 million) loan to support the development of solar PV and hydropower plants in Bhutan.