Gautam Solar plans IPO
Gautam Solar plans to launch an initial public offering (IPO) in the next 12 to 18 months to fund its PV cell expansion plans.
Kosovo shares results of solar subsidy scheme
Kosovo’s Ministry of Economy says two new schemes, offering subsidies for solar system installations to households and small- and medium-sized enterprises, have received more than 500 applications combined.
Canada refinances funding stream for renewables, grid modernization tech
The Canadian government has put another CAD 500 million ($363.1 million) in its funding stream to finance renewable energy and grid modernization technologies. Canadian utilities, system operators, and industry organizations are eligible to apply for support for projects that help strengthen the grid.
Form Energy raises $405 million for its multi-day iron-air batteries
The US-based long duration energy storage startup has raised more than $1.2 billion to date, making it one of the top-funded players in the space.
What to expect in a residential solar loan in U.S. market
A report from Energysage reviews common terms for residential solar loans.
Depreciation of €222 million pushes Baywa’s result to zero
The Munich-based group generated significantly lower sales in the first half of the year. In addition, it had to make large write-downs, particularly in its renewable energy business.
Soltec enters pre-insolvency as Spanish regulator halts trading of shares
Soltec has entered pre-insolvency proceedings to negotiate with creditors, and Spain’s National Securities Market Commission (CNMV) has suspended trading of its shares until it releases its first-half 2024 financial results.
SMA Solar launches restructuring plan to save up to €200 million
German inverter manufacturer SMA Solar Technology AG has launched a restructuring plan aiming to save up to €200 million ($223 million) for financial stabilization and market repositioning.
Synertics launches PPA evaluation tool for buyers, sellers
The Germany-based consulting company has presented a new online tool for tracking, pricing and analyzing renewable energy power purchase agreements (PPAs). It is targeted at both buyers and sellers of renewable energy.
Maxeon challenges Nasdaq delisting threat, plans reverse stock split
Maxeon has challenged Nasdaq’s decision to potentially delist it from the Global Select Market and is now implementing a reverse stock split to raise its bid price above the required threshold. A hearing on the matter is pending.
