First Solar shares climb despite German move
Shares of First Solar, which has a manufacturing site in Germany and made 60 percent to 70 percent of its sales there last year, climbed near their highest level of the day at $136.23 after dropping nearly $3 to $132.30 when news of the cuts was reported on January 14.
Germany plans to cut solar financial supports for new roof and open-field sites from April by 16 percent to 17 percent, government and industrial sources told Reuters.
Additional cuts to the subsidies will be made from 2011 if solar projects amount to more than 3,000 megawatts and even more if they total more than 3,500 megawatts, the sources said.
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MIAMI - Florida Power & Light (FPL), the state's largest utility provider, has submitted a proposal to the Florida Public Service Commission (PSC) seeking a substantial increase in customer base rates over the next four years. The plan outlines a total rate hike of approximately $9 billion from 2026 through 2029, driven by factors such as rapid residential growth and the necessity to diversify energy generation sources.
Rationale Behind the Rate Increase
FPL's request is primarily influenced by Florida's robust population growth. Since 2021, the utility has added about 275,000 customers and projects an additional 335,000 by the end of…
