Irish utility Bord Gáis acquires solar installer Swyft
Bord Gáis has purchased County Cork, Ireland-based Swyft Energy for an undisclosed sum to help it meet its target of 10,000 solar PV installations over the next five years.
SMA reports weak financials, lowers 2024 outlook
German inverter maker SMA says it has recorded €1.06 billion ($1.12 billion) of revenue for the first nine months of 2024.
German financial regulator to audit Baywa’s 2023 annual report
The German Financial Supervisory Authority (BaFin) has announced an audit of BayWa AG’s 2023 annual report, citing specific evidence of potential accounting inaccuracies. For the first nine months of this year, BayWa’s records indicate €16 billion ($16.9 billion) in sales and a €77.6 million loss in earnings before interest and taxes (EBIT).
Financing secured for solar-plus-storage project in Senegal
Madagascar-based Axian Energy has obtained €84 million ($89.2 million) of financing for a solar-plus-storage project, featuring a 60 MW solar plant and a 72 MWh battery energy storage system (BESS) in southern Senegal.
US partners launch 150 MW solar project in Taiwan
Energy services provider Elapath Energy and blockchain-based platform RenewableErgon are collaborating on a 150 MW solar project in Chiayi County, Taiwan.
SolarEdge posts $1.21 billion net loss in Q3
SolarEdge reported $260.9 million in revenue for the third quarter of 2024, down from $725.3 million in the same quarter last year. The Israeli manufacturer also posted an operating loss of more than $1 billion, with 850 MW of inverters and 189 MWh of batteries shipped for PV applications.
Solar stocks nosedive as Trump victory is secured
With a Republican White House, Senate, and the House of Representatives up for grabs, core solar industrial policy will possibly be repealed.
EBRD, EU finance 126 MW solar plant in Uzbekistan
The European Bank for Reconstruction and Development (EBRD) and the European Union are investing a combined $61.6 million in a 126 MW solar project in Uzbekistan. A special-purpose company fully owned by French developer Voltalia will develop the plant.
First Solar misses on Q3 revenue, lowers 2025 guidance
First Solar fell short of third-quarter revenue expectations, lowering its 2025 guidance. The US thin-film solar manufacturer cited slower project execution as a factor affecting revenue.
French asset manager Mirova invests €480 million in Austrian developer RP Global
The transaction, consisting of equity and convertible bonds, will cover Italy, Germany, France, Spain, Portugal, Poland and Croatia. RP Global aims to commission 2.5 GWp of renewable power in the next five years.
