Enphase lowers revenue guidance as US residential solar stagnates
Microinverter supplier Enphase is slipping in share price as revenues dip. It has announced a $1 billion stock buyback program.
Is the EU doing enough to establish a solar manufacturing supply chain?
Compared to the Inflation Reduction Act (IRA) signed by Joe Biden’s administration in the US, the EU’s approach to establishing solar manufacturing appears slow and lacking in clarity. In this blog post, I will explore the EU’s renewable energy policy, specifically its emphasis on solar manufacturing, and evaluate whether Brussels is doing enough to establish a European solar supply chain.
PVcase raises $100 million to fuel expansion
PVcase, a Lithuania-based solar project software company, raised $100 million to expand the market for its platform and extend its capability.
Chinese PV Industry Brief: JinkoSolar’s H1 panel shipments hit 30 GW
JinkoSolar says that its solar panel shipments reached 30 GW in the first of this year.
Solar corporate funding up 54% YoY in H1
Mercom Capital Group’s latest report shows that almost 25.5 GW of solar projects were acquired in the first half of this year, totaling $18.5 billion.
Weekend Read: Cash pours in to rooftop solar
The growth of European rooftop solar continues this year, with innovative companies raising capital to develop the market. It’s an encouraging trend with the potential to accelerate rooftop solar adoption. pv magazine correspondent Valerie Thompson takes a closer look.
New app to calculate payback periods of rooftop PV systems
The Amortisator app, initially developed for the German market, is now available on the Apple and Google Play stores. Primarily targeting customer advisors, the app can be accessed for a monthly fee of €9.99 ($10.93).
Hithium closes $622 million funding round
Hithium, a Chinese manufacturer of lithium-ion stationary energy storage systems, has announced a Series C funding round consisting of more than CNY 4.5 billion ($622 million). It will primarily use the funds to expand production capacity, procure advanced equipment, and conduct R&D.
Technology brings universal access to clean energy within sight
The opportunities available from the aggregation and interpretation of mass data are huge and could help attract investors and ensure more efficient electricity networks as the world races to try and achieve the UN goal of access to reliable energy for all this decade.
Engie unit to build 60 minigrids in Zambia
MySol Grid Zambia, a subsidiary of Engie Energy Access (EEA), has secured $7.5 million of debt from the Facility for Energy Inclusion (FEI) to build 60 minigrids. The projects will provide electricity to more than 40,000 people in rural areas.
