German chemical group Wacker Chemie has posted the financial results of 2023 with its polysilicon business falling by 61% due production-related reasons.
Solar manufacturer Maxeon Solar Technologies will lay off about 22% of its global workforce as it decided to entirely phase out its Maxeon 6 interdigitated back contact (IBC) modules as well as other operational realignment.
Solar project developer and asset owner Photon Energy Group has posted reduced revenues and EBITDA in its financial results for the first nine months of 2023, which the company attributed to “lower realised electricity prices and a slow-down in PV components trading”.
US distributed solar asset owner Spruce Power has posted increased sequential revenues and adjusted EBITDA in the third quarter of 2023, as its total portfolio of residential solar assets and contracts increased to over 75,000.