Finance

Longi recorded 67.5 GW of solar module shipments in 2023, according to its latest financial results. The Chinese module maker reported revenue of $17.9 billion and a net profit of $1.49 billion for the year.

Tongwei, Canadian Solar, TCL Zhonghuan and JA Solar all reported significantly higher profits in 2023.

The latest Sinovoltaics financial stability report ranking lists Tainergy, Eterbright, First Solar, Era Solar, and TSEC as the top five module makers. There was a slight reshuffling in the top ten, and seven new manufacturers were added to the ranking.

The European Commission has selected the winners of European Hydrogen Bank’s first auction, with bids coming in below €0.50 ($0.54)/kg, while Chile and Namibia have revealed new hydrogen plans.

University of Michigan researchers have found that the value of rooftop solar will increase by between 5% and 15% by the mid-century across a range of US cities under moderate climate change, and by up to 20% by the end of the century.

US-based First Solar recorded $794 million of revenue in the first quarter, beating consensus estimates by about 10%.

Researchers in Sweden have investigated incentive programs for rooftop PV and proposed the adaptation of future schemes to different investor profiles.

The European Hydrogen Bank’s pilot auction is delivering €720 million ($768.3 million) to seven renewable hydrogen projects in Finland, Norway, Portugal and Spain. Together, they plan to produce 1.58 million tons of renewable hydrogen over a period of 10 years.

The United Kingdom is playing catch-up with many of its European neighbors when it comes to solar but recent signs have been hugely promising and the nation remains primed for a solar revolution.

Sinovoltaics analyzed publicly traded inverter producers using a balance sheet-based model and publicly available financial information to track finacial strength over the past three years. The top-five in the latest ranking are Hoymiles Power Electronics, Enphase, Kstar, Eaton, and Goodwe.