finance

Total module shipments were up 36.2%, from 13GW in Q1, and n-type shipments rose 74.1%, up from just under 6GW.

California-based perovskite solar startup Caelux has closed US$12 million in Series A3 financing to support its factory expansion in Baldwin Park, California, research and development (R&D) and eventual product launch.

The Canadian Government has released a document outlining its intentions for the country’s energy transition away from carbon generation.

Indian solar manufacturer Waaree will expand its ingot, wafer, cell and module production capacity by 6GW following a second round equity funding raise of around INR10 billion (US$121 million).

French-headquartered independent power producer (IPP) Qair has secured a PLN335.3 million (US$83.1 million) loan for 130MW of solar PV projects in Poland.

US renewable power developer Invenergy has secured US$1.5 billion revolving credit facility from financial company Natixis Corporate & Investment Banking.

Indian renewables developer Tata Power Renewable Energy (TPREL) has signed two power purchase agreements (PPA) with the Maharashtra State Electricity Distribution Company (MSEDCL) for 350MW worth of solar PV power generation.

Solar tracker supplier Nextracker has reported a 19% rise in year-on-year revenues for Q2 2023 (Q1  financial year (FY) 2024), to US$479.5 million.

Florida-headquartered NextEra Energy has recorded a net income of US$2,795 million in Q2 2023 as both its renewables development and utility generation arms posted strong results.  

The Australian government has announced AU$50 million (US$33.7 million) in investment to develop renewable energy supply chains – notably for solar and energy storage – in the Indo-Pacific.