Maxeon Solar reports $179 million Q3 loss
The Singapore-headquartered company has faced product detainment by U.S. Customs and has announced plans to focus solely on the U.S. market.
Gautam Adani indicted in U.S for alleged solar-related bribery scheme
Gautam Adani faces an indictment in the United States over claims it led a scheme to bribe Indian officials to secure multibillion-dollar solar contracts. The charges allege the group concealed its actions while seeking capital from US and global investors.
Looming Trump tariffs drive rush on imports, push shipping costs higher
Freight costs are rising as businesses rush to import goods ahead of higher tariffs promised by U.S. President-elect Donald Trump on Chinese and European products.
Thornova Solar starts solar module production in Indonesia
Thornova Solar has started producing solar modules in Indonesia. CEO William Sheng says the move is in line with changing U.S. market regulations. It plans to supply customers with cells and modules from Indonesia, Laos or the United States by mid-2025.
Maxeon solar panels shipped from Mexico denied entry to U.S.
U.S. Customs and Border Protection blocked Maxeon products despite “having provided clear and objective evidence” of a compliant supply chain.
Higher inventories weaken demand across global solar module markets
In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
‘There is no such thing as a global patent’
Jeffrey Saltman, partner at U.S. intellectual property law firm Fisch Sigler LLP, recently spoke to pv magazine about the rising number of patent lawsuits between PV module manufacturers. He said this increase in litigation mainly stems from the industry’s convergence on tunnel oxide passivated contact (TOPCon) tech and noted that the number of lawsuits is likely to rise in the near future.
LG Energy Solutions plans U.S. battery manufacturing
The South Korean battery maker expects strong demand momentum in the energy storage space (ESS) and plans to release a new high capacity lithium iron phosphate product with an energy density improved by 20%, alongside other products. To advance its local supply capabilities, the company plans to start ESS battery production in the US next year, and is considering converting European electric vehicle (EV) production lines to ESS.
Longi Green Energy sets world record for solar module efficiency at 25.4%
China’s Longi Green Energy has set a new world record for crystalline silicon solar module efficiency with its independently developed hybrid passivated back contact (HPBC) 2.0 module, achieving a conversion efficiency of 25.4%, according to a certification report from Germany’s Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE).
Trinasolar Evergreen unveils BIPV products for industrial, public use
Trinasolar Evergreen (Shanghai) PV Tech. Co., Ltd., a building-integrated photovoltaics (BIPV) unit of Trina Solar, has launched four new products for public, industrial, and infrastructure projects. Trina Solar aims to capture a share of the fast-growing BIPV market.
