Canadian Solar reports Q3 earnings miss, eyes strong 2024 growth
The company’s revenues for Q3 pulled back 71% when compared with Q3 2022.
DSD Renewables secures $250 million strategic investment
The renewable energy developer received funds from Cox Enterprises to accelerate its project portfolio.
Commercial scale solar provider Altus Power reports Q3 financials
The company posted revenues of $45.1 million, a 48% increase over the third quarter 2022.
DOE seeks state-backed clean energy projects for up to 80% loans
A U.S. Department of Energy official explained how clean energy projects in many states, if they win a state grant or equity investment, can also access federal loan support. Either states or project developers can take the first step toward securing loan support.
Shoals posts 48% year-over-year growth in record quarter
The electrical balance of systems company’s gross margins shrank, leading to a net loss of $9.8 million. It has an ongoing legal case in which it is seeking damages from a wire insulation provider.
Longroad Energy starts construction on 377 MW Arizona solar project
Sun Streams 4 is the company’s largest project to date. The facility is expected to ease grid congestion during peak hours and stimulate over $100 million into Arizona’s economy.
U.S., China dominate solar investment
China and the United States consistently attract the most annual solar investments. Together, they have received about 50% of all solar investments since 2015, according to a new report by the International Solar Alliance.
SolarEdge tumbles on significantly reduced Q4 outlook
The solar inverter provider expects Q4 revenues to be less than half of the $725 million reported in Q3.
First Solar delivers on earnings, margins, falls short on revenue
The U.S.-based thin-film solar panel manufacturer raised its expectations for 2023 as its order backlog grows.
Department of Energy commits $1.3 billion to three multi-state transmission projects
DOE will fund the Transmission Facilitation Program projects.
