Solar Markets & Finance News

Novotegra GmbH, a subsidiary of German renewables programmer BayWa r.e. AG, has accepted obtain Swiss mounting systems maker PV Integ AG in a press to broaden its portfolio with mounting systems for green and gravel roofs.

The United Arab Emirates and also Germany have actually authorized an affirmation of intent to create a joint task force that will work to promote collaboration in between the two countries for green hydrogen manufacturing as well as assistance projects in the area.

Harmony Energy has actually elevated gross profits of ₤ 186.5 million with the placement as well as deal for subscription of its Initial Public Offering (IPO).

Energy tech firm AES has reaffirmed its annual development target of between 7-9% through to 2025 and also anticipates to add 5GW of renewables, up from a previous target of 4GW, under lasting agreements this year after carrying out much better than anticipated up until now, according to its Q3 results launched the other day.

LONGi Solar has actually exposed information of its shipment seizures by US authorities, specifying that 40.31 MW of solar elements were restrained at five US ports from 28 October to 3 November.

Greenbacker Renewable Energy Company LLC (GREC) revealed on Wednesday that it has obtained a 19.5-MW DC portfolio of operating solar projects in the US, broadening its footprint in New England as well as scratching its very first purchase in Rhode Island.

Paris-based independent power producer Total Eren has acquired a 73.9-MWp solar PV farm in Cambodia to go into the renewable resource market in the country.

German regional energy provider Mainova AG (FRA: MNV6) has acquired virtually 25% of a 175-MWp solar project which will be constructed following year in the state of Brandenburg.

Photovoltaics (PV) manufacturer Q Cells introduced today it has actually achieved success in an appeal in enforcement proceedings in Germany that was filed by competitors LONGi and also REC after they lost a patent violation case last year.

The installed cost of solar PV, solar-plus-storage and standalone battery energy storage in the US was minimized across all market segments in between 2020 and also 2021, with the largest decrease seen in the utility-scale segment.

United States solar installer SunPower has actually downgraded its complete year 2021 profits support, pointing to hold-ups in its industrial and commercial projects business.

Spanish solar tracker supplier Soltec reported a net loss of EUR100,000 (US$ 120,000) in Q3 as well as a EUR20 million (US$ 23 million) loss in the first 9 months of the year because of "substantial global interruptions", according to its Q3 financial results launched today.

'Solar Module Super League' maker JinkoSolar is to invest RMB450 million (US$ 70.3 million) in Tongwei Solar subsidiary Sichuan Yongxiang Energy Technology to assist fund a 100,000 MT high-purity polysilicon facility.

Inverter manufacturer SolarEdge posted record revenues from its solar department in Q3 2021 in spite of a COVID-related closure at its production facility in Vietnam influencing its capacity to meet need.

Nextracker's success is just one of the few non-Chinese success tales in the past decade in solar. Like a lot of the solar supply chain, the industry faces the twin difficulty of keeping prices low and preserving high quality levels to allow a 25 year plus life and risk-free recycling.