Chinese PV Industry Brief: Major solar manufacturers report steep full-year losses
JA Solar, TCL Zhonghuan, JinkoSolar, Trina Solar and Daqo each announced significant losses for full fiscal year 2025 amid continued price declines and overcapacity.
Green bonds totaling $870 million issued for 2 GW solar project in UAE
Joint owners of the 2 GW Al Dhafra solar power plant Abu Dhabi National Energy Company, Abu Dhabi Future Energy Company, EDF Power Solutions and Jinko Power, alongside offtaker Emirates Water and Electricity Company, have issued the green bonds to refinance the plant’s existing debt obligations and support its continued operation.
Masdar join forces with Montenegrin utility
Abu Dhabi-based developer Masdar and Montenegro’s state-owned power company EPCG have entered into a framework agreement that could see a joint venture company belonging to the two parties develop, build, own and operate large-scale solar projects in the country.
Hybridization: The new paradigm for a more resilient and competitive renewable market
One of the main benefits of hybridization is the ability to offer more attractive and stable energy products to clients. A hybrid PPA better covers consumption needs, reduces risks associated with the variability of a single source, and allows for more competitive long-term pricing, writes Rodrigo López, head of revenues at BNZ.
Over 1 TW of renewables awaiting approval in Europe
Aurora Energy Research’s latest report says Europe requires €600 billion ($700.2 billion) of investment by the end of the decade, increasing to €1.5 trillion by the middle of the century, to support the expansion of the continent’s renewable energy.
Financing secured for 134 MW solar project in North Macedonia
The European Bank for Reconstruction and Development and German development bank KfW have signed a €87 million ($102.5 million) financing package for a 134 MW solar project in North Macedonia, the country’s largest under development.
Irish solar rises in 2025 as government plans €18.9 billion of grid upgrades
Provisional data from the Sustainable Energy Authority of Ireland (SEAI) for 2025 showed that monthly utility-scale solar generation increased from an average of 0.73 TWh in 2024 to 0.99 TWh in the first nine months of 2025.
JA Solar expands into energy storage with new subsidiary
The Chinese PV manufacturer is stepping up its energy storage push with a new Beijing subsidiary capitalized at RMB 300 million ($42 million).
Belgium’s Virya Energy acquires BayWa re’s Japan solar business
Virya Energy will leverage BayWa re’s local team in Japan to strengthen its position in the country’s lucrative power purchase agreement (PPA) market. The Belgian company will also rely on its Asian affiliate, Constant Energy, headquartered in Thailand.
European energy storage startups raise €2.14 billion in equity funding
European energy storage hardware startups have secured €2.14 billion ($2.5 billion) in equity funding for commercial, industrial, and grid-scale applications, says Avnet Silica. Nearly half of that funding was raised in the past three years, and more than 80% in the last five.
