Array Reports 92% Revenue Growth For 2022
Array Narrows Annual Net Loss In 2022 As Q4 Revenues Jumped Up 83%; Guides For 2023 Revenues To Increase Up To 19% Without Factoring In Potential IRA Benefits
Released after 2 extensions of late filing, Array Technologies, Inc has finally published its annual results for 2022 reporting 92% annual revenue growth to $1.63 billion. The strong revenue increase is thanks to the STI Norland acquisition.
Meyer Burger To Expand US Module Manufacturing Capacity
Meyer Burger Reports 250%+ YoY Revenue Growth In 2022 While Narrowing EBITDA Loss; To Scale Up Arizona Fab’s Annual Capacity To 2 GW
Sale of 250 MW solar modules for CHF 125.0 million helped Meyer Burger improve its 2022 net sales by over 269% annually to CHF 147.2 million.
Nestlé Invests In 208 MW DC Solar PV & Storage Project
Enel North America Gets Nestlé As Equity Investor In & Offtaker For Texas Solar & Storage Plant To Power Latter’s US Facilities
One of the world’s largest food and beverage companies Nestlé will make an undisclosed equity investment in Enel North America’s 208 MW DC Ganado Solar PV and Storage Project in Texas.
Global Renewable Power Grew By 295 GW In 2022
IRENA: Wind & Solar Represent 90% New Renewable Energy Capacity Additions In 2022 With Solar PV Alone Representing 191 GW
In 2022, the annual global renewable energy generation capacity increased by 9.6% or 295 GW with solar PV leading the pack at 191 GW reflecting 22% YoY improvement followed by wind energy adding 75 GW or 9% more annually, according to the International Renewable Energy Agency (IRENA).
Research Recommends End-Of-Life Legislation For PV Panels
Australian Researchers Recommend Strong Policy Mandate For Solar Panel Recycling & Propose Product Stewardship Scheme Supported By Financial Incentives
With about 80 million solar panels installed in the country expected to enter landfills 20 years down the line, Australia should consider bringing in an end-of-life (EOL) legislation for PV panels and support an emerging solar recycling industry with.
Canadian Solar Shipped Over 21 GW Modules In 2022
Canadian Solar Achieves Module Shipment & Revenue Guidance For Q4/2022; Gets Clearance For CSI Solar’s China IPO
Canadian Solar Inc has secured approval from the China Securities Regulatory Commission (CSRC) for its manufacturing subsidiary CSI Solar’s carve-out initial public offering (IPO) making way for the latter to be listed in China, the company announc.
Uzbekistan Firms Up Plans For GW-Scale Solar & Storage
ACWA Power Secures Investment & Power Purchase Agreements For 1.4 GW Solar & 1.5 GWh Storage Capacity In Uzbekistan
Uzbekistan’s Joint-Stock Company (JSC) National Electric Grid of Uzbekistan (NEGU) has agreed to purchase power from 1.4 GW solar PV and 1.5 GWh battery energy storage system (BESS) projects.
Solar & Wind Contribute 92% of India’s New Power Capacities In 2022
Led By Rajasthan & Gujarat, India’s 13.9 GW Solar Installations In 2022 Exceeded Total Solar Fleet Of Several Nations; Only 1 GW New Coal Capacity Added: Ember
The 13.9 GW of new solar PV capacity that India installed within the single year of 2022 was way ahead of cumulative solar deployments of several countries like the UK (13.7 GW), Turkey (7.8 GW) and Chile (4.5 GW), according to market intelligence firm Ember.
800 MW AC Solar & 250 MW Storage Project In Queensland
Skylab Australia Seeking Approval From Toowoomba Regional Council For 800 MW AC Solar & Storage Project In Australia’s Queensland
Toowoomba Regional Council of Queensland in Australia is mulling over the development application for a 960 MW DC/800 MW AC solar PV power plant with 250 MW battery energy storage system (BESS) filed by Skylab Australia using LONGi solar modules.
Enlight’s 2022 Revenues Improved 88 Percent YoY
Israel & US Listed Enlight Improved 2022 Annual Revenues, Adjusted EBITDA & Net Income; Increases Annual Project Deployment Guidance From 2026
Enlight Renewable Energy, the Israel based renewable energy company that has now also debuted on the NASDAQ and raised $271 million, improved its annual revenues in 2022 by 88% to $192 million along with reporting 96% increase in adjusted EBITDA having brought online over 810 MW new capacity.
Lightsource BP Expands Footprint To Europe’s Largest Market
Lightsource BP Launches Itself In Europe’s Star Solar Market Germany With Target To Install Up To 400 MW PV Capacity Annually By 2030
One of Europe’s leading solar PV developers, Lightsource bp has forayed into the German solar market with an annual target to install between 300 MW to 400 MW new solar capacity annually by 2030, and says it is building its development pipeline to multi-GW scale.
$30 Million Funding For US Based Solar Recycling Firm
Solarcycle Raises $30 Million Series A Funding From A Host Of Investors To Be Used To Rapidly Build Recycling Infrastructure In US & Beyond
Solar recycling company Solarcycle says it is on track to install capacity to recycle 1 million solar panels annually by the end of 2023 and open a vertically integrated, advanced recycling factory in Odessa, Texas, with capability to process million.
Solar PV Joint Venture For Japanese PPA Market
Tokyo Century Corporation & JFE Engineering To Jointly Explore Domestic Corporate PPA Segment For Solar Energy In Japan
Eyeing the growing Japanese corporate solar market, Tokyo Century Corporation and JFE Engineering Corporation have launched a 50:50 joint venture (JV) called Urban Energy PV LLC to supply solar power to local businesses via long-term power purchase agreements (PPA).
ACEN & BrightNight Announce GW-Level India Partnership
Philippines & US Based Renewable Energy Companies Target Growing India Market To Co-Build 1.2 GW+ Hybrid Solar, Wind & Storage Portfolio
BrightNight, a US based renewable energy company, has secured the partnership of ACEN from the Philippines to bring online its 1.2 GW existing development portfolio of hybrid solar, wind and energy storage projects and round-the-clock renewable energy projects in India.
Germany’s SMA Solar Exceeds 2022 Sales Guidance
SMA Solar Returns To Profitability In 2022 With A Significant EBITDA Increase Citing High Demand & Gradual Improvement In Supply Issues
According to German solar PV inverter supplier SMA Solar Technology’s provisional financial results for 2022, the company significantly increased its EBITDA from €8.5 million to €70.0 million and EBITDA margin to 6.6% which the company attribut.
JinkoSolar Shipped 44 GW+ Solar PV Modules In 2022
JinkoSolar Exceeded 2022 Module Shipment Guidance As High Silicon Prices Pulled Down Gross Margin; Targets To Add 20 GW New Module Capacity By 2023-End
Chinese solar PV manufacturer JinkoSolar Holding shipped a total of 44.52 GW solar modules in 2022, including 16.0 GW in Q4/2022, even as increase in silicon cost pulled down its gross margin to 14.8% last year; confident of enough polysilicon supply.
Insolation Energy Raises $2.5 Million From EARF
Indian Solar Module Maker With 700 MW Annual Production Capacity Gets Loan From World Bank Backed Energy Access Relief Fund
Solar module producer from India’s Rajasthan with 700 MW annual production capacity, Insolation Energy Limited (INA) has secured $2.5 million as external commercial borrowings (ECB) from the World Bank backed Energy Access Relief Fund (EARF) to fuel its manufacturing expansion.
CIP Acquires South African RE Company With 25 GW+ Pipeline
Acquisition Of Mulilo Energy Holdings Bring To Copenhagen Infrastructure Partners 440 MW Operational & Over 25 GW Renewables Pipeline In South Africa
South African renewable energy developer Mulilo Energy Holdings with its 440 MW operational wind and solar power capacity and an extensive pipeline of over 25 GW onshore wind, solar PV and storage, now has Danish investment firm Copenhagen Infrastruc.
Dutch Chemicals Firm Signs Up For Solar Power In Spain
Grenergy Secures 5 Long-term Contracts For 330 GWh Solar Power With Chemicals Company LyondellBasell From 259 MW Spanish Project
Spanish renewable energy producer Grenergy has entered into 5 power purchase agreements (PPA) for 15-year period each with the Netherlands headquartered multinational chemicals and refining companies LyondellBasell for power from a 259 MW solar farm in Spain.
Upstream Solar PV Prices Starting To Go Down
TrendForce Sees Prices For Upstream Materials Are On Downward Spiral; Says Watch Out For Government Policies & Price Fluctuations, Especially In China
Taiwan based market intelligence firm TrendForce believes polysilicon prices are expected to drop down in March 2023 by around 3.2% month-on-month (MoM) leading to decline in prices for wafers, cells and modules, but warns Chinese PV industry could e.
