Home Solutions Lead Business For SMA Solar
German Solar Inverter Company’s H1/2023 Revenues Grew By 65%; Reiterates Annual Guidance
Improved supply situation and strong demand for its products led SMA Solar Technology to sell 7.213 GW worth of solar inverters in H1/2023, up from 5.75 GW in the previous year.
FTC Solar Misses Q2/2023 Revenue Guidance
Project Delay Challenges Slow Down US Tracker Maker’s Growth Even As Project Backlog Swells
Solar tracker manufacturer FTC Solar in the US missed its Q2/2023 revenue guidance due to project delays on the part of developers that prefer to wait for clarity on the Inflation Reduction Act (IRA).
Strong Q2/2023 Financial Results For Array
Array Delivers 21% Annual Revenue Growth As Executed Contracts & Awarded Orders Increase To $1.7 Billion
US solar tracker manufacturer Array Technologies exited Q2/2023 with strong financials, having grown its revenues by 21% annually to $507.7 million, thanks to a 124% YoY improvement in the STI segment.
Huge TOPCon Order For Canadian Solar Modules In US
EDF Renewables North America Inks 7 GW Long-Term Solar Panel Contract With Canadian Solar
Ahead of its 5 GW solar manufacturing facility coming online in Texas, Canada-headquartered solar PV manufacturer Canadian Solar has landed a contract for 7 GW of its n-type TOPCon solar panels from EDF Renewables North America.
Aiko Solar Sold 18.7 GW Cells & Modules In H1/2023
Chinese Solar PV Manufacturer Meets Sales Guidance; Claims Sufficient Orders For ABC Modules
Aiko Solar, the Chinese solar cell and module supplier, exited H1/2023 with a 3.09% annual increase in its operating income of RMB 1.64 billion, having sold 18.7 GW of solar cells and modules during the period, the company shared in its unaudited interim results.
Sunrun Installed 297 MW New Solar In Q2/2023
‘Robust’ Sales Growth Outside California Prompts Sunrun To Stay Put With Annual Guidance
Leading US residential solar and storage system installer Sunrun added 39,755 new customers in Q2/2023, taking its cumulative count to 869,464, growing 20% annually even as sales within California, the largest residential solar market in the US, were down for the company.
Low Polysilicon Prices Impact Daqo’s Q2/2023 Results
Aggressive Pricing Due To Oversupply Pulled Down Solar Silicon Producer’s Revenues; Annual Guidance Maintained
Chinese polysilicon producer Daqo New Energy says oversupply and excess industry inventory led to delays and reductions of orders from its downstream customers that pulled down its Q2/2023 revenues by 10% sequentially and 49% annually to $636.7 milli.
Wood Mackenzie’s Global Solar Forecast For 2023
Expect ‘Nearly’ 270 GW DC New Solar Installations This Year, Growing To 330 GW DC By 2032
Ambitious renewable energy targets, increased electrification, expanding policy support and falling levelized cost of energy (LCOE) for solar are among reasons Wood Mackenzie cites to predict 33% annual growth for solar installations increasing to ar.
Expect More Airports To Go Solar, Globally
ISA & ACI Sign MoU To Encourage Solarization Of Airports Across ISA Member Nations
The 116 member and signatory countries strong International Solar Alliance (ISA) will work with the global trade association of airports, Airports Council International (ACI), to increase the deployment of solar energy for airports in its member nati.
SodaStream Opts For Solar & Storage In Israel
Enlight Bags PepsiCo Subsidiary As Corporate Offtaker Under 15-Year Solar Power Supply Contract
Following the market regulation that allows green power producers to enter into bilateral power purchase agreements (PPA) with major companies in Israel, Enlight Renewable Energy has added to its list of contract wins, this time with PepsiCo subsidia.
Low Carbon Enters RE JV With NU-E Corp
British Renewables Company Targets 1.2 GW Solar, Wind & Storage Capacity In Canada By 2030
Large-scale renewable energy investor from the UK, Low Carbon is expanding its presence in North America with the launch of a joint venture (JV) with Canadian utility scale solar installer NU-E Corp to target 1.2 GW renewable energy capacity in Canad.
Strong Financials For Shoals In Q2/2023
62% Annual Revenue Jump & 67% Growth In Backlog For US EBOS Supplier Thanks To Blattner Deal
US based electrical balance of systems (EBOS) solutions firm Shoals Technologies Group reported healthy financial results in Q2/2023 with 62% annual increase in revenues of $119.2 million.
Plum Order For US Solar PV Tracker Maker
Leeward Renewable Energy To Procure 3 GW Nextracker Trackers For US Solar Projects
Global supplier for solar PV trackers, Nextracker of the US has landed itself a big order, worth 3 GW capacity, from local renewable energy developer Leeward Renewable Energy (LRE) for its projects spread across the country. Under the Volume Comm.
SolarEdge Reports Record Revenues For Q2/2023
Solar Inverter Maker Shipped 4.3 GW, Meets Guidance; Offers Cautious Q3/2023 Forecast
Israel based SolarEdge Technologies reported record revenues of $991.3 million for Q2/2023, with its solar segment contributing $947.4 million, within the guided range.
SunPower Reports -$30 Million GAAP Net Loss
Higher Interest Rates Pull Down Q2/2023 Demand For SunPower’s Residential Solar Business
US residential solar power company SunPower Corporation exited Q2/2023 with a GAAP net loss of -$30 million thanks to higher interest rates, even as its annual revenues improved 11%.
AGEL’s Q1 FY 2024 Financials Improve YoY
With Over 2.5 GW AC Capacity Energized, Adani Green Grows Operational Portfolio To 8.3 GW AC
Adani Group’s renewable energy arm Adani Green Energy Ltd (AGEL) grew its operational capacity during Q1/FY2024 (period ending June 30, 2023) by 43% annually to over 8.3 GW AC, including 4.97 GW AC solar whose share increased by 4% during the perio.
Ingeteam To Sell Renewable Service Division
RES To Become World’s ‘Largest’ RE Support Services Provider With 35 GW O&M & AM Contracts
Spanish renewable energy company and solar inverter manufacturer Ingeteam is selling its Renewable Service division to UK based RES Group whose operation and maintenance (O&M) services and asset management contracts will add up to around 35 GW on completion of the transaction.
NextEra Expanding Renewable Energy Portfolio
US Energy Group Counts Around 250 GW Renewable & Storage Projects In Pipeline
With a 29 GW operational renewables portfolio, NextEra Energy, Inc of the US counts its total renewables and storage projects pipeline now adding up to roughly 250 GW, with subsidiary NextEra Energy Resources accounting for some 20 GW in its backlog.
Nextracker’s Backlog Grows To Over $3 Billion
US Tracker Maker Reports Solid Q1/2024 Results; Ups FY 2024 Guidance, Excluding IRA Benefits
Leading solar tracker supplier, US based Nextracker’s revenues increased by 19% year-over-year for Q1/2024 (period ending June 30, 2023) to $479.5 million, owing to significant customer wins.
