Solar Philippines to build 4 GW solar farm in Nueva Ecija, Bulacan provinces
Solar Philippines, a Manila-based PV module manufacturer and project developer, is looking to secure at least 2,500 hectares of land to expand its 500 MW flagship solar project to 4 GW.
Meyer Burger ramps up solar panel plans
Switzerland’s Meyer Burger is accelerating the expansion of its solar panel production capacity, following the extension of the US solar tax credit for PV manufacturers and an order from developer DE Shaw for 3.75 GW of US-made heterojunction modules.
Shoals reports record Q2 revenue, profit despite challenges
US balance-of-system specialist Shoals posted record revenue and gross profit in the second quarter on rising sales of components and strong demand for its combine-as-you-go system.
Record solar investment keeping Chinese economy afloat
Investments in renewables are hitting new highs in China, as recurrent Covid-19 outbreaks and a crisis-stricken housing market threaten the world’s second-biggest economy, according to BloombergNEF.
Net losses triple at US tracker maker after acquisition
New Mexico-based Array Technologies is keen to emphasize the revenue benefits of buying Spanish rival STI Norland and said US President Joe Biden’s Inflation Reduction Act would also be good for business.
Forced labor act is last barrier to US solar rebound, claims executive
Texas-based FTC Solar said it expects a “significant rebound” in its business in the final three months of this year, if it can secure sufficient supplies of PV panels.
Supply chain difficulties translate into losses for SMA
SMA’s Home Solutions segment was particularly badly hit as the PV inverter manufacturer struggled to meet the demand due to the shortage of materials. The sales and results in the first half of 2022 were therefore significantly worse than in 2021. The company now wants to take “a series of measures to improve its long-term ability to deliver.”
BASF inks virtual PPAs for 250 MWh of solar, wind
BASF has signed virtual power purchase agreements for 250 MW of solar and wind power in the United States.
The weekend read: How does the EU taxonomy set criteria for technologies to be labeled green and provide investors with a classification system?
Despite its faults and shortcomings, the EU’s Taxonomy Regulation is expected to support the energy transition and help redirect capital flows to renewables and green assets. Andreas Walstad examines how the taxonomy sets out criteria for technologies to be labeled green and environmentally sustainable in a bid to provide investors with a classification system that boosts clarity, accountability, and predictability.
Ardian acquires majority stake in GreenYellow
Ardian said that GreenYellow’s value is estimated at around €1.4 billion ($1.42 billion).
