Chinese inverter manufacturer Sungrow shipped 130 GW of inverters last year, reaching a profit of $1.3 billion.
The US-based company announced plans to wind down its residential solar installation locations and close its direct sales unit.
Chinese module manufacturer JinkoSolar has recorded roughly $16.4 billion of revenue and a $1.06 billion net profit for 2023, with PV module shipments reaching 78.52 GW. Its module manufacturing capacity hit 110 GW at the end of December.
The 14th assembly of the International Renewable Energy Agency (IRENA) last week in Abu Dhabi underscored the centrality of geopolitics and security in the current global energy landscape. The gathering also called for greater action to achieve the COP28 target of tripling renewables deployment by 2030.
A new report from Wood Mackenzie examines how the global shift to higher interest rates to combat inflation is squeezing the energy transition.
Mercom Capital Group says that total corporate solar funding, global venture capital funding, public market financing, and PV mergers and acquisitions all fell year on year in the first quarter of 2024. The sector is still grappling with high interest rates, which Wood Mackenzie says is disproportionately affecting renewables projects.
The Dutch government has earmarked €100 million ($106.7 million) of subsidies for the deployment of battery storage alongside PV projects. The funds are part of a €416 million subsidy program announced last year to alleviate grid congestion.
The Croatian Energy Market Operator (HROTE) has announced a much-anticipated, €257.2 million ($273.5 million) round of renewable energy auctions. It has allocated the biggest quota of 450 MW for solar projects and has set a deadline to award the subsidies by year’s end.
The European Commission (EC) has proposed the European Solar Charter (ESC) in response to the challenges facing the continent’s solar manufacturing industry. The document sets out a series of voluntary actions to be undertaken to support the EU photovoltaic sector and bears no mention of EU trade tariffs or restrictions on cheap solar panel imports.
The Norwegian PV planning software company said it added the new PV degradation maps to pinpoint site locations with favorable climatic conditions.
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