Finance

The U.S.-headquartered solar panel manufacturer delivered revenues of $794 million, beating consensus estimates by about 10%. May 2, 2024 First Solar (Nasdaq: FSLR) reported its earnings for the first quarter ended March 31, 2024, exceeding Wall Street consensus expectations on both revenue and earnings per share. The major manufacturer of thin-film cadmium telluride solar panels …

First Solar beats revenue expectations in Q1 earnings, policy tailwinds emerge Read More »

The Green Bank for Rural America will support community lenders in Appalachian communities to finance climate-supporting projects including distributed solar and storage. The bank and four others received a total of $6 billion in federal awards. April 29, 2024 The Green Bank for Rural America has won a $500 million federal award to advance clean energy technology …

New green bank to support distributed solar and storage in the Appalachian region Read More »

The Attorney General claims these companies misled consumers about residential solar pricing, concealing inflated fees behind the federal tax credit and long-term contracts with low interest rates. April 26, 2024 The Attorney General (AG) of Minnesota is taking legal action against GoodLeap, Sunlight Financial, Solar Mosaic and Dividend Solar Finance for allegedly inflating the cost …

Minnesota sues GoodLeap, Sunlight, Mosaic and Dividend over dealer fees Read More »

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment. Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties …

Sunrise brief: Maxeon sues REC, Hanwha Qcells for alleged TOPCon patent infringement Read More »

Preliminary reports from the Coalition for Green Capital say investment in clean energy projects and technologies increased 52% over 2022. April 23, 2024 The Coalition for Green Capital (CGC), a non-profit group focused on generating financing for climate technologies and clean energy projects, says public and private investments in its network increased over 50% in …

Green Bank network’s total investment could reach $10B for 2023 Read More »

A report from Wood Mackenzie examines how the global shift to heightened interest rates to combat inflation is squeezing the energy transition. April 22, 2024 After a period of historically low interest rates from 2009 to 2022, central banks have sharply raised interest rates to fight inflation. The increase of cost of capital has “profound …

High interest rates are challenging the global transition to renewable energy Read More »

Nexamp secured a $520 billion capital raise. It serves nearly 80,000 customers nationally and has a $2 billion investment strategy in Illinois. April 10, 2024 Community solar provider Nexamp announced it has secured a $520 million capital raise led by Manulife Investment Management, with participation from existing investors Diamond Generating Corporation and Generate Capital. The …

Community solar provider secures over half-billion-dollar investment Read More »

In the fall of 2023, Sister Margaret, a retired nun from the Mission of Chalatenango in El Salvador, reached out to pv magazine USA seeking support in saving electricity costs by installing a small solar power system. The Sister resides in a convent in Santa Ana with nine other sisters who can no longer physically …

Sister Margaret seeking solar, a GoFundMe opportunity Read More »

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment. Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties …

Sunrise brief: West Virginia Governor vetoes bill that would double allowable solar project size Read More »

Reducing building energy usage is key to achieving a least-cost 100% renewable grid, a study by the National Renewable Energy Laboratory has found. Residential energy efficiency gains also save money and improve comfort. Those two factors are motivating customers of some rural electric co-ops to borrow from their co-op to pay for energy efficiency improvements. The loan is …

Rural electric co-ops lend money to customers to improve energy efficiency Read More »