solar pv

GRS, a part of Gransolar Group, has been contracted by Recurrent Energy to build a 171MW solar-plus-storage site in Victoria, Australia.

The move is an effort to strengthen its financial position after reporting losses of €126 million in the first half of 2024.

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

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

Danish developer European Energy has commissioned its first solar PV power plant in Australia, a 58MW site situated in Victoria.

Australia-based solar module recycling group Lotus Energy has confirmed it will build a US$250 million recycling facility in Saxony, Germany.

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.

The Australian government has opened a consultation into the upcoming Western Australia Capacity Investment Scheme (CIS) tender design.

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

The deal follows the start of production at ES Foundry’s 3GW nameplate capacity manufacturing plant in January.