First Solar beats Q1 revenue expectations
US-based First Solar recorded $794 million of revenue in the first quarter, beating consensus estimates by about 10%.
Swedish researchers propose tailored PV incentives
Researchers in Sweden have investigated incentive programs for rooftop PV and proposed the adaptation of future schemes to different investor profiles.
EU to provide €720 million to support hydrogen projects
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.
Home solar will eventually triumph in the UK
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 releases inverter manufacturer financial stability ranking
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.
Lightsource bp secures financing for 560 MW Greek solar project
Investment totaling €315.35 million ($337.8 million), consisting of funds from Eurobank and the Recovery and Resilience Fund Greece 2.0, will allow UK developer Lightsource bp to begin developing a 560 MW solar project located in the east of mainland Greece.
Sungrow posts $1.3 billion profit for 2023
Chinese inverter manufacturer Sungrow shipped 130 GW of inverters last year, reaching a profit of $1.3 billion.
SunPower to close business units, cut about 26% of workforce
The US-based company announced plans to wind down its residential solar installation locations and close its direct sales unit.
JinkoSolar posts $1 billion net profit for 2023
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.
IRENA’s 14th assembly underscores role of geopolitics, urgent need for action
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.
