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TOYO Commences Production in its 2GW Solar Cell Facility in Ethiopia
Prnewswire· 2025-04-22 12:30
Core Insights - TOYO Co., Ltd has commenced production at its new facility in Ethiopia, aiming to deliver over 80 MW of solar cells by the end of April 2025 [1] - The Ethiopian plant is expected to reach full operational capacity of 150 to 200 MW per month by May and June 2025, with plans to expand nameplate capacity to 4 GW due to strong customer demand [2][4] - The establishment of the Ethiopian facility is part of TOYO's strategy to diversify manufacturing locations and enhance its global solar manufacturing footprint [3] Company Strategy - TOYO aims to become a full-service solar solutions provider, integrating various stages of the solar power supply chain, including upstream production of wafers and silicon, midstream production of solar cells, and downstream production of photovoltaic modules [4] - The company is optimistic about the strong market demand and is working on an additional 2 GW expansion in Ethiopia, indicating a significant growth trajectory for 2025 [4] Market Position - The new facility in Ethiopia supports TOYO's commitment to sustainable energy solutions and positions the company to meet the increasing global demand for renewable energy [3][4]
NovaSource and Doral Renewables Prepare to Deploy One of the US' Largest Agrivoltaics Facilities in Northwest Indiana
Prnewswire· 2025-04-21 13:00
Core Insights - NovaSource Power Services has partnered with Doral Renewables to provide Operations and Maintenance (O&M) and Generator Operator (GO) services for the Mammoth Solar Project, one of the largest agrivoltaics facilities in the U.S. [1][4] - The Mammoth Solar Project aims to deliver nearly 1.6 GWdc of clean energy through a multi-phase initiative that integrates solar power generation with agricultural use, enhancing land functionality and supporting local farmers [2][6]. Company Overview - NovaSource is the world's largest independent solar O&M provider, managing over 30 GW of solar assets globally and offering a comprehensive suite of services including data-driven strategies and advanced monitoring systems [7][8]. - Doral Renewables, based in Philadelphia, has a renewable energy portfolio exceeding 16 GW, with a focus on community engagement and agrivoltaics practices [9][10]. Project Details - The Mammoth Solar Project consists of four phases, with Mammoth North (480 MWdc) completed in Q4 2024, and Mammoth South (360 MWdc), Mammoth Central I (360 MWdc), and Mammoth Central II (360 MWdc) expected to achieve commercial operation in 2026 [2]. - The project is designed to allow local farmers to diversify their revenue streams while maximizing land use, thereby supporting sustainable farming practices [2][5]. Strategic Importance - The collaboration between NovaSource and Doral Renewables is positioned to set new industry benchmarks for scale, sustainability, and innovation in large-scale solar initiatives [4][6]. - NovaSource's expertise in O&M services and compliance will ensure the Mammoth Solar Project operates at its full potential, contributing to the growing demand for reliable energy [3][4].
TOYO Co., Ltd to Announce Second Half and Fiscal Year 2024 Financial Results on April 28, 2025
Prnewswire· 2025-04-21 12:30
Company Overview - TOYO Co., Ltd is a solar solutions company aiming to become a full-service provider in the global market, integrating various stages of the solar power supply chain, including upstream production of wafers and silicon, midstream production of solar cells, and downstream production of photovoltaic modules [2]. Upcoming Conference Call - TOYO will host a conference call on April 28, 2025, at 8:30 AM ET to discuss the second half and fiscal year 2024 results [1]. - The earnings release and related investor deck will be available on the investor relations website prior to the event [1]. Conference Call Details - Participant Toll-Free Dial-In Number: (800) 715-9871 - Participant Toll Dial-In Number: +1 (646) 307-1963 - Japan - Tokyo Dial-In Number: +81.3.4578.9081 - Conference ID: 7240281 [2].
Complete Solaria, Inc. Announces Rebrand as SunPower
Globenewswire· 2025-04-21 12:00
Core Points - SunPower is rebranding from Complete Solaria, Inc. and changing its ticker symbol to "SPWR" and "SPWRW" effective April 22, 2025 [1] - The company has a rich history, founded in April 1985, went public in 2005, and surpassed $1 billion in revenue in 2008 [2] - T.J. Rodgers, CEO, emphasized the significance of this rebranding as a strategic move to unify the company's identity under the SunPower name [3] - The new Helios logo symbolizes innovation, referencing NASA's Helios solar-powered airplane, which set a record altitude using SunPower solar cells [4] - SunPower will present its audited financial results for the full year 2024 and unaudited results for Q1 2025 on April 30, 2025 [7] - SunPower is recognized as a leading residential solar services provider in North America, focusing on energy-efficient solutions [8]
Recurrent Energy Announces Successful Operation of 127 MW Solar Project in Louisiana
Prnewswire· 2025-04-21 11:00
Company Overview - Recurrent Energy, a subsidiary of Canadian Solar Inc., is a global developer, owner, and operator of solar and energy storage assets, with a focus on utility-scale projects [1][5] - Canadian Solar Inc. is one of the largest solar technology and renewable energy companies, having delivered nearly 150 GW of solar photovoltaic modules globally [6][7] Project Details - The Bayou Galion Solar project, a 127 MWdc solar facility located in Northeast Louisiana, commenced operations in November 2024 [1][3] - This project represents a $160 million investment and generates enough electricity to power approximately 20,500 homes annually [3][4] Economic Impact - Cumulative solar investment in Louisiana exceeded $2 billion by the end of 2024, driven by demand from manufacturing and data centers [2] - The Bayou Galion Solar project is expected to create jobs, generate local tax revenue, and diversify the electrical power sources in Morehouse Parish [4][3] Community Engagement - Recurrent Energy hosted a ribbon-cutting ceremony to celebrate the project's completion, attended by local leaders and community members [1][3] - The company is making a donation to the Cotton Country Players, a local theatre group, to support the historic Rose Theatre [3] Future Prospects - Recurrent Energy has a project development pipeline that includes over 25 GWp of solar and 75 GWh of energy storage capacity across six continents [5] - The successful completion of the Bayou Galion project marks a significant milestone for Recurrent Energy in expanding its operations in Louisiana [4][3]
SUNation Energy Announces Reverse Stock Split
Globenewswire· 2025-04-16 13:15
RONKONKOMA, N.Y., April 16, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (Nasdaq: SUNE) (“SUNation” or “the Company”), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that its Board of Directors approved a 200 - for 1 reverse stock split of the Company’s outstanding common stock effective 12:01 a.m. Eastern Time on April 21, 2025. The Company’s common stock will continue to trade under the symbol “SUNE” and it is exp ...
Ethiopian Prime Minister Visits TOYO Facility in Vietnam, Strengthening Strategic Collaboration in Renewable Energy
Prnewswire· 2025-04-16 12:09
Core Insights - TOYO Co., Ltd hosted Ethiopian Prime Minister Abiy Ahmed at its solar cell production facility, highlighting the company's commitment to renewable energy and technological innovation [1][2] - The Ethiopian facility is expanding from 2 GW to 4 GW capacity, with completion expected by July 2025 and production starting in August 2025, aligning with global demand for solar cells [3] - Prime Minister Abiy Ahmed invited TOYO's parent company, Abalance Group, to participate in developing photovoltaic power plants in Ethiopia, aiming to enhance strategic cooperation and support national green energy goals [4] Company Overview - TOYO is focused on becoming a full-service solar solutions provider, integrating various stages of the solar power supply chain, including upstream production of wafers and silicon, midstream production of solar cells, and downstream production of photovoltaic modules [6] - The company emphasizes its dedication to advancing clean energy solutions globally through innovative technologies and a robust supply chain [5]
ARRAY Technologies, Inc. Announces First Quarter 2025 Earnings Release Date and Conference Call
Globenewswire· 2025-04-15 20:05
Company Overview - ARRAY Technologies, Inc. is a leading global provider of solar tracking technology for utility-scale and distributed generation customers [3] - The company focuses on maximizing energy production and delivering value throughout the entire lifecycle of solar projects [3] - ARRAY is headquartered in the United States and emphasizes domestic manufacturing, a diversified global supply chain, and a customer-centric approach [3] Upcoming Financial Results - ARRAY will release its first quarter 2025 results before the market opens on May 6, 2025 [1] - A conference call will follow at 8:00 a.m. (Eastern Time) on the same day to discuss the results [1] Conference Call Details - The conference call can be accessed by phone or via webcast on the company's Investor Relations website [2] - A telephonic replay will be available approximately three hours after the call and will remain accessible until May 20, 2025 [2]
First Solar: Made In America, High Growth, And Dirt Cheap
Seeking Alpha· 2025-04-15 10:40
Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in FSLR over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking ...
Complete Solar to Report 2024 and Q1’25 on April 23
Globenewswire· 2025-04-14 12:00
OREM, Utah, April 14, 2025 (GLOBE NEWSWIRE) -- Complete Solaria, Inc. d/b/a Complete Solar (Nasdaq: CSLR) today announced that it will present its audited 2024 financial results and unaudited Q1'25 results in a quarterly investor report on April 23 at 1:00pm ET. Interested parties may access the webcast by registering here or by visiting the Events page within the IR section of the company website: investors.completesolar.com/news-events/events. This press release contains forward-looking statements within ...