Companies

The decline reflects the broad trend across the solar manufacturing industry, where severe downward pressure on prices—brought about by an excess of product supply—has squeezed manufacturers' margins and pushed some into the red.

Daqo New Energy posted losses of US$65.3 million in the fourth quarter of 2024, and end-of-year losses of US$212.9 million.

The retreat on renewables has been described as a "last-ditch attempt to cash in" against the rising tide of the energy transition.

PV Tech spoke to Astronergy chief marketing officer Samuel Zhang about the company's successes in 2024, and impact of patent disputes.

First Solar has launched a lawsuit against JinkoSolar for alleged infringement of a tunnel oxide passivated contact (TOPCon) cell patent.

The deal values National Grid Renewables - the US project development arm of the UK's National Grid - at approximately US$1.735 billion.

The company increased its shareholding from 49% to 65% through an agreed capital increase and assumes the role of majority shareholder.

The firm posted net losses (in accordance with generally accepted accounting principles (GAAP)) of US$1.81 billion over 2024 .

Canadian solar cell and module manufacturer Heliene has signed a multi-year agreement with PV frame producer Origami Solar for the supply of steel frame modules.

Chinese solar manufacturer Tongwei has ended its plan to acquire a controlling stake in fellow Chinese manufacturer Runergy.