Enphase Energy Suffers -$16.1 Million Net Loss In Q1/2024
Softer Demand & Channel Inventory Management Impacted US Revenues Even As European Contribution Increased
Friday, 26 Apr 2024
US-based microinverter and storage company Enphase Energy saw its Q1/2024 revenues slipping by almost 13% sequentially and over 63% annually, blaming the decline on seasonality and further softening in US demand. The company says it also under-ship.
US Residential Solar Installer To Slash Close To 1,000 Jobs
SunPower Shutting Down Direct Sales Business To Simplify Business Structure & Achieve Financial Viability
Friday, 26 Apr 2024
US residential solar and energy storage installer SunPower Corporation is undertaking additional measures to achieve financial viability and move to a low fixed-cost model.
South Korean Solar Module Producer Shutting Chinese Factory
Hanwha Solutions Exiting Module Manufacturing & Sales In China To Focus On US Market
Friday, 26 Apr 2024
Hanwha Solutions, the parent company of solar cell and module producer Hanwha Qcells, has revealed plans to stop its Chinese solar module production and sales to focus on the US market instead. In a stock exchange filing, the group stated that shut.
European Solar PPA Prices Decline 5.9 Percent Sequentially
LevelTen Energy Blames Subdued Wholesale Electricity Prices, But Expects Prices To Go Up Soon
Thursday, 25 Apr 2024
LevelTen Energy says the subdued wholesale electricity prices in Europe, thanks to a mild winter, along with a stabilizing regulatory landscape were the major contributors to power purchase agreement (PPA) prices declining 5% sequentially in Q1/2024..
DaVita’s Virtual PPA To Become 100% Renewable Energy Powered
Acciona Energia’s Spanish Solar Plants To Generate Clean Energy For US Company For 12 Years
Thursday, 25 Apr 2024
Publicly listed American dialysis and kidney care service provider DaVita has signed a virtual power purchase agreement (VPPA) in Spain that it says will enable the company to achieve 100% renewable energy in its global operations. Spanish energy g.
US Solar Tracker Company Expanding Into Saudi Arabia
GameChange Solar & JZNEE To Collaborate For 3 GW Tracker Fab, Expandable To 5 GW
Wednesday, 24 Apr 2024
US solar tracker manufacturer GameChange Solar (GCS) is expanding its geographic footprint to the upcoming and lucrative solar market of the Middle East in a strategic partnership with China’s Jiangsu Zhenjiang New Energy Equipment Co Ltd (JZNEE).�.
Solar PV Leads India’s Renewable Energy Capacity Additions
Rystad Energy Pegs Country’s New RE Deployment In FY 2023 At 18.5 GW, Driven By 7.5 GW Solar PV
Wednesday, 24 Apr 2024
India’s new renewable energy additions during FY 2023-24 (April 2023 to March 2024) achieved the highest-ever annual installed capacity, driven by solar energy.
Chinese Solar Manufacturer Plans TOPCon Production In US
Boway Alloy To Invest Over RMB 3 Billion For TOPCon Cell & Module Production In Vietnam & US
Wednesday, 24 Apr 2024
Chinese non-ferrous alloy rods manufacturer Ningbo Boway Alloy Materials has announced plans to manufacture TOPCon solar cells and modules in the US with 2 GW annual production capacity each.
Solar PV Industry’s Silver Demand Exceeding Expectations
The Silver Institute Forecasts 20% Annual Increase In Solar Industry’s Silver Demand In 2024
Tuesday, 23 Apr 2024
The global demand for silver continued to rise in 2023, making it the 3rd consecutive year when demand exceeded the supply, says The Silver Institute.
Maxeon Solar Technologies Launches Another Patent Lawsuit
TOPCon Solar Technology Patent Infringement Case Against PV Manufacturer Hanwha Qcells
Tuesday, 23 Apr 2024
Singapore-headquartered Maxeon Solar Technologies has launched yet another patent infringement lawsuit in the Eastern District of Texas, US, this time against Hanwha Qcells for its TOPCon related patents. According to its website, Hanwha Qcells has.
REC Solar Holdings Accused Of TOPCon Patent Infringement
Maxeon Solar Technologies Files Lawsuit Against Norwegian Solar Module Manufacturer
Monday, 22 Apr 2024
After launching a patent lawsuit against Canada-headquartered Canadian Solar in March 2024, Singapore’s Maxeon Solar Technologies has now accused Norway’s REC Solar Holdings of infringing on its TOPCon patents. Maxeon has filed a patent infring.
Indian Solar PV Manufacturer Looking To Raise Funds Via IPO
Premier Energies Planning To Go Public To Fund GW-Scale TOPCon Solar Cell & Module Expansion
Monday, 22 Apr 2024
Indian solar PV module manufacturer Premier Energies Limited plans to go public with an initial public offering (IPO) to fund the establishment of 4 GW each of TOPCon cell and module manufacturing facility in Hyderabad, Telangana. It has filed a dr.
Residential Solar Demand Slowdown Biting Spanish Solar Installer
SolarProfit Announces 90% Jobs Cuts To Stay Afloat Amidst Lower Demand & Higher Interest Rates
Monday, 22 Apr 2024
Spanish distributed solar and storage installer for self-consumption, SolarProfit has unveiled plans to lay off 90% of its workforce to continue being in business as it blames a significant decline in residential solar demand and a drop in prices due.
Mercom Counts $8.1 Billion Corporate Solar Funding In Q1/2024
Solar Industry Investment Environment Subdued As Sector Grapples Issues Including Higher Interest Rates
Friday, 19 Apr 2024
The significant drop in Chinese solar module prices has boosted demand for solar technology globally, yet for the same reason investment in manufacturing projects has become unattractive, even with incentives, says Mercom Capital Group CEO Raj Prabhu.
Swiss Agrivoltaic Project Bags Power Purchase Agreement
Supermarket Chain Denner Turns Offtaker For Romande Energie’s Agri-PV Installation In Valais
Friday, 19 Apr 2024
Romande Energie, the Swiss utility, has announced signing its 1st power purchase agreement (PPA) for an agrivoltaic project with the local discount supermarket chain Denner.
Apple Announces New Investments In Solar Energy Projects
Tech Giant Announces New PV Deals With Germany’s IB Vogt & Asia’s CleanMax Enviro Energy
Thursday, 18 Apr 2024
Global technology company Apple has expanded its clean energy portfolio, announcing new deals in Europe and Asia with Germany’s ib vogt and Asia’s CleanMax Enviro Energy Solutions, with direct investment. With ib vogt, Apple has signed a power .
World Added Up To 446 GW DC New PV Capacity In 2023
PV Technology Maintained Competitiveness Despite Module Oversupply; Global Module Stock Now At 150 GW
Wednesday, 17 Apr 2024
Solar PV module prices plummeted to record lows in 2023 due to a global oversupply situation, and electricity prices decreased after historical peaks in 2022, yet the technology managed to maintain its competitiveness.
CAN Europe’s Rooftop Solar PV Report Card For EU Nations
France Among Top Performing Nations & Bulgaria Worst In New Report; Member States Lack Clear Roadmap
Wednesday, 17 Apr 2024
The rooftop solar PV segment grew by 54% annually in the European Union (EU) in 2023. Yet, despite this growth in demand, most member states lack a clear roadmap and strategy for rooftop solar PV.
RE PPA Prices Stabilized In North America During Q1/2024
LevelTen Energy: Lower Solar PPA Prices Due To Panel Oversupply, But Development To Be Short-Lived
Wednesday, 17 Apr 2024
Abundance of solar panels, combined with hopes of lower interest rates and oversupply of natural gas prompted solar PV developers in the North American market to offer lower power purchase agreement (PPA) prices during Q1/2024.
Spanish Developer Raises Finance For Over 800 MW Solar
Bruc Lands €570 Million Green Loan From Lender Consortium For Corporate Offtaker Contracted Projects
Tuesday, 16 Apr 2024
Bruc has announced receiving a green loan worth €570 million ($606 million) to help it build 842 MW of solar PV projects in Spain.
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