Finance · Day
2026-11-02
6 stories in this section.
Analysis of Q3 Solar Power Earnings in China: Eight Major Companies Report Combined Loss of 27.7 Billion Yuan, Aiko Solar Achieves Solo Profitability
China's eight major solar companies reported a combined net loss of 27.7 billion yuan for the first three quarters of 2026, driven by a 53.9% drop in domestic installations. This financial divergence highlights the impact of low module prices and the upcoming 2027 national standards on industry consolidation.
Egypt’s Nefer Minya Solar Project secures $566 million in financing, including $265 million from EBRD - African Sustainability Matters
The Nefer Minya project has secured a $566 million debt package, with EBRD providing up to $265 million, to develop a 1.2 GW solar plant and 600 MWh battery storage system in Egypt. This financing supports the construction of what is expected to be the largest solar plant in Africa, addressing grid reliability challeng
Belgian spin-off Noak raises €5 million for perovskite-silicon solar cells
Noak has secured €5 million in seed funding from Helios Foundation, Nuhma, and V2HFin to industrialize perovskite-silicon tandem solar cells. This investment supports the transition of academic research into scalable manufacturing, which is critical for advancing next-generation photovoltaic efficiency and commercial viability.
Lightyears lands $174m from Obayashi, InfraDebt for 300MW solar
Lightyears has secured $174 million in combined funding from Obayashi and InfraDebt to support a 300MW solar development pipeline in New Zealand. This staged financing structure, linked to project milestones, provides a viable model for de-risking renewable energy assets in the region.
Renewable Energy in Oman Attracts New Chinese Partnerships
Oman has signed agreements with Chinese entities for two 500 MW battery energy storage systems and new solar power projects. This expansion is significant for professionals as it introduces major Chinese technology and capital into the Omani grid, potentially reshaping regional storage and renewable energy supply chains.
Why Is Trina Solar Letting Go of Control of the World's Second-Largest Solar Tracker Manufacturer?
Shenzhen Nande A has announced plans to acquire a 51% to 70% stake in Trina Tracker PV Racking, a subsidiary of Trina Solar. This transaction aims to introduce a strategic partner while Trina Solar focuses on its core photovoltaic and energy storage businesses.