SolarEdge rebounds on Q1 earnings surprise
The inverter and energy storage provider posted a second straight quarter of positive cash flow as it recovers from a difficult year.
U.S. National Renewable Energy Lab announces layoffs
A statement released by NREL calls the layoffs an “involuntary separation,” thanks them for their work and acknowledges that the mission is critical to achieving “an affordable and secure energy future.”
Chinese PV Industry Brief: Tongwei, GoodWe post 2024 losses
Tongwei says it recorded a $969 million net loss for fiscal 2024, while GoodWe posted an $85 million loss and Ginlong’s net profit fell 11.3% to $95 million.
Global PV installations may hit 655 GW this year, says SolarPower Europe
Global PV installations could reach 655 GW in 2025, up from 597 GW in 2024, according to SolarPower Europe’s latest market outlook, which puts total installed capacity at 2.2 TW.
How to find optimum PV placement in mountain regions
Switzerland’s WSL Institute for Snow and Avalanche Research (SLF) is investigating how solar yield can be optimized in snow-covered terrain. It is envisaged the results will help to place PV systems on mountains so they make use of light that is reflected from neighbouring slopes.
SunPower regains Nasdaq compliance, reports Q1 profit
SunPower has regained Nasdaq compliance and posted its first quarterly profit in four years, but the results remain unaudited. The company had received a deficiency notice for failing to meet listing requirements.
Australian rooftop solar installations down 10% in April to 225 MW
Australia’s rooftop solar market suffered a downturn in April, with about 225 MW of new capacity registered across the country for the month, down 10% compared to March.
Albanian government approves 54 MW of solar projects
The government of Albania has permitted the development of two new solar plants with capacity of 30 MW and 24 MW, respectively.
Strategies for de-risking early-stage renewable energy projects
Over 70% to 90% of early-stage projects fail and are never constructed, according to findings reported by Paces.
Malaysia introduces rooftop solar aggregation scheme
Malaysia’s first rooftop aggregation initiative for solar systems is now live. The program allows homeowners to lease or rent their rooftop for solar generation, with the electricity produced sold to commercial and domestic customers within a 5 km radius.
