Solar companies consider reduced income to help UK households
Solar Energy UK members have made positive noises about a plan to shift historic, fixed-payment incentive contracts over to contracts-for-difference deals, which would limit the profits they would receive from soaring energy prices.
Greece readies €340 million grid-scale storage plan
Developers in Greece will bid to secure annual payments for large-scale storage facilities that must be operational before 2026.
Pension funds set to buy Dutch rooftop solar installer
The European Commission has an eye on the potential acquisition of Groendus by public retirement funds in the Netherlands and Canada.
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.”
