Wholesale electricity prices lower and more stable in 2024
Wholesale electricity prices were lower in 2024 than 2023, with less price volatility, as solar and battery energy storage expands, and lower natural gas prices stabilize major markets in the U.S.
ABB recent acquisitions expand reach into renewables
As a global company that specializes in electrification and automation, ABB’s acquisition of Lumin and Gamesa Electric’s inverter and converter segment, expands its repertoire serving the buildout of clean energy technologies.
Kinematics acquires Spanish solar tracking controller specialist
The acquisition of P4Q brings Kinematics expertise in full-stack electronics, including its tracker controls brand, Suntrack.
Solar industry thought leaders predict the future
2025 will be a turning point for the U.S. solar industry, according to the industry leaders who shared their predictions with pv magazine USA.
In case you missed it: Five big solar stories in the news this week
pv magazine USA spotlights news of the past week including market trends, project updates, policy changes and more.
Bankrupt solar installer Lumio acquired by Zeo Energy Corp.
Lumio filed for Chapter 11 bankruptcy in September.
Sunrise brief: Solar stocks nosedive as Trump victory is secured
Also on the rise: The future of clean energy policies in a new Trump administration. Freyr battery jumps into solar manufacturing with acquisition Trina’s assets. And more.
Freyr to acquire Trina Solar U.S. manufacturing assets
The battery maker reports that acquiring the module manufacturing assets is the first step in its plan to build out a vertically integrated domestic manufacturing footprint that will next include a 5 GW solar cell facility.
BP completes takeover of Lightsource business
Deal for 50.03% of Lightsource BP leaves oil and gas giant with total control of renewables developer. Lightsource BP is expected to continue trading with a standalone operating model, retaining its independent brand.
Solar corporate funding down 23% so far this year
Total corporate funding in the solar industry reached $22.3 billion over the first nine months of 2024, representing a 23% year-on-year decrease. Mercom Capital Group says that while global uncertainties are affecting investor confidence, an increase in debt financing and resilience in newly-announced large-scale project funding remain bright spots for the sector.
