First Solar Q1 2023 revenue down, with investments in U.S. facilities taking precedent
Company expects to recognize about 25% of its full year guidance in the first half of 2023 and 75% in the second half, based on the advanced manufacturing production tax credit (45X) of the IRA taking effect.
Prescinto secures deal with energy storage major in USA
India-based Prescinto, which provides software-as-a-service (SaaS) solutions for clean energy asset management, has expanded beyond wind and solar into the rapidly accelerating energy storage market and added North America to its growing international portfolio.
Reliance Industries to acquire majority stake in U.S. solar startup
Reliance Industries is set to buy 79.4% of US-based SenseHawk, which provides software-as-a-service (SaaS) solutions for process optimization, automation, and asset information management across the solar asset lifecycle.
Microsoft to purchase power from a 100 MW Amplus Solar project in India
On the road to becoming carbon negative, Microsoft increases the amount of zero-carbon electricity it’s procuring through long-term contracts.
Analyst predicts extent of rise in this year’s solar capital costs
Wood Mackenzie this week made a slew of predictions for the industry in 2022 and noted the effects the US’ recently announced anti-circumvention investigation is already having on utility scale plans.
First Solar Q1 earnings drop, while bookings remain strong
The US solar manufacturer booked nearly 12 GW in less than 60 days since the prior earnings call, bringing year-to-date bookings to 16.7 GW.
CubicPV, Waaree sign 1 GW PV cell supply deal
CubicPV will supply 1 GW of Direct Wafer silicon solar cells per year to Indian manufacturer Waaree Energies under a five-year contract. The cells will be supplied from its upcoming 2 GW factory in India.
Green hydrogen electrolyzer provider closes $45 million Series B
Ohmium International secured funding that is expected to quadruple the manufacturing output of its modular PEM electrolyzers.
Global Infrastructure Partners invest $500 million in renewable power producer BrightNight LLC
Solas Energy Consulting acted as key technical advisor to GIP. The investment includes preferred equity and a letter of credit facility.
Solar supply chain trouble to ease this year, according to analyst
Wood Mackenzie has predicted solar equipment cost increases will ease back after last year saw the average cost of solar electricity rise for the first time in the Asia-Pacific region.
