Despite higher earnings in Q3, the company lowered its Q4 22 guidance to $44 million to $49 million, compared to the consensus of $73 million, reflecting recent acquisitions of European assets taken on its balance sheet.
A weekly round up of investments and exits in solar and energy transition technologies.
IEA PVPS report: Global solar demand increased by 12% in 2019 compared to 2018 — but that was BC. According to the report, photovoltaics provided just under 3% of global electricity needs in 2019.
Some 15 countries are able to lay claim to the status of being members of solar’s “gigawatt club” in 2019, according to projections from BloombergNEF. To kick off 2020, pv magazine’s global team of correspondents and editors have highlighted 10 fast-growing solar markets to evaluate where the opportunities, and potential risks, lie.
The PV module manufacturer started negotiations with Jabil after the United States introduced duties on solar imports. Recom plans to restart manufacturing activities with Jabil’s 700 MW production equipment in the first quarter of 2019. Where exactly this will take place has not been disclosed yet.
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