Day: January 29, 2025

Nextracker delivers strong earnings beat amid market uncertainty

The solar tracker provider delivered $679 million in gross profits in its fiscal yYear 2025 Q3 earnings report. January 29, 2025 Nextracker, a manufacturer of utility-scale solar tracker mounts, reported its fiscal year 2025 Q3 earnings, beating Wall Street expectations amid market uncertainty industry wide. Share prices are up as much as 25% in the …

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Maine’s new solar facilities feature agrivoltaics, U.S.-made components

Two agrivoltaic solar facilities in Maine will provide the state with low-cost energy while bolstering the local agricultural industry. January 29, 2025 Two agrivoltaic solar facilities made of mostly domestic components are generating power to Maine’s grid. Both facilities will use dual-use agriculture services such as solar grazing. The two facilities consist of Brooks Solar, …

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New York Power Authority approves first 3 GW of renewables projects in strategic plan

The New York Power Authority (NYPA) Board of Trustees has approved its first strategic plan for expanding renewable energy resources in New York State to advance Governor Kathy Hochul’s climate agenda. The NYPA Renewables Strategic Plan includes details on 37 projects in every region of the state that represent a combined potential capacity of more …

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Agrivoltaics business model analysis shows 16% to 43% return on investment

An analysis of sheep-raising and grazing costs indicates that breeding flocks yield higher overall profits, while purchasing and reselling a new flock each year may result in a higher return on investment due to reduced off-season upkeep costs. January 29, 2025 Agrivoltaic business models for raising and grazing sheep suggest returns on investment ranging from …

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GE Vernova to begin making utility solar inverters in Pennsylvania

GE Vernova’s 2,000-V FLEXINVERTER GE Vernova announced it is planning to invest nearly $600 million in its U.S. factories and facilities over the next two years to help meet the surging electricity demands around the world. The new investments — expected to create approximately 1,500 new U.S. jobs — will help drive U.S. energy affordability, …

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Sunrise brief: The semiconductor crunch is easing. What’s next for solar?

Also on the rise: The state of the domestic solar and energy storage supply chain, Q1 2025. U.S. solar power purchase agreement prices rise 3.3% in Q4. And more. New York City’s solar industry expects growth amidst federal uncertainty Despite changing energy priorities in Washington, D.C., NYC’s solar marketplace will continue to thrive: Good news …

Sunrise brief: The semiconductor crunch is easing. What’s next for solar? Read More »

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