European Energy’s 9M/2022 EBITDA Grew By €78.1 Million
Higher Power Prices Boost European Energy’s Business As Its Development Pipeline Swells To 25 GW, Confident Of Exiting 2022 As a ‘Solid Year’
Danish renewable energy developer European Energy A/S has had a good run with its financials during 9M/2022 with its EBITDA growing by €78.1 million YoY to €96.2 million, with Q3/2022 contributing €19.2 million, and a development pipeline of 25 GW.
Europe PV News Snippets
Meyer Burger Finds 1st Wholesaler For Solar Roof Tiles In Germany & More From Glennmont, Midsummer, 7C Solarparken
Meyer Burger finds sales partner for solar roof tiles; Glennmont’s South Korea solar journey begins; Orders pour in for Midsummer panels; 7C Solarparken keeps €3.3 million aside to cover retrospective price cap from September 2022.
ReNew’s Q2/FY23 Revenues Go Up, Net Loss Narrows
ReNew Enters Partnership With Norway’s Norfund & KLP; To Acquire SaaS Company 3E & Build Green Hydrogen Project In Egypt
NASDAQ listed Indian renewable energy company ReNew Energy Global plc exited Q2 FY23 (period ended September 30, 2022) with 5.1% annual increase in total revenue with INR 22.45 billion ($275 million), while narrowing net loss of INR 986 million ($12 .
Solaria Energia Ticks All Boxes For 9M/2022 Financials
Solaria Energia Grew 9M/2022 EBITDA 56% YoY During January To September 2022; Expects Quick Authorization For ‘Thousands Of MWs’
Increased energy generation from new power plants brought online in 2021-end and in 2022 helped Spain headquartered solar energy developer Solaria Energía y Medio Ambiente report a strong 9M/2022 with EBITDA growing 56% annually, and expects to secu.
Shoals’ Q3/2022 Annual Revenues Grew YoY To $90.8 Million
As Friendly Regulatory Winds Blow In The US & Energy Prices Head North, Shoals Improves 2022 Annual Guidance
With an order book of backlog and awarded orders that grew 74% annually as of September 30, 2022, and 44% sequentially to $471.2 million, a healthy Q3/2022 with annual revenues going up 52% YoY to $90.8 million and a strong regulatory environment, US.
Maxeon’s Q3/2022 Revenues Went Up 25% Annually
Maxeon Solar’s Q3 Shipments Added Up To 605 MW, With Demand Driven By EMEA Market
Singapore headquartered solar module producer Maxeon Solar Technologies met its financial guidance for Q3/2022, reporting 25% annual improvement in revenues with $275 million along with shipment guidance with 605 MW, while also experiencing a gross l.
FTC Solar’s Q3/2022 Revenues Drop, Reports Net Loss
UFLPA Related Module Supply Challenges Impact FTC Solar’s Q3/2022 Business; Management Expects Better Times Ahead
US solar tracker supplier FTC Solar has reported its executed contracts and awarded orders backlog as having grown to $961 million at the end of Q3/2022 with $203 million added within the quarter, however its annual revenues declined 69% due to lower demand environment in the US.
Array Reports $28.6 Million Net Income In Q3/2022
Array Technologies Reports Strong Q3 With Increase In Shipments & ASPs; Books $400 Million Worth Orders
US solar tracker supplier Array Technologies exited Q3/2022 with a 173% annual increase in revenues, driven by the acquisition of STI Norland, excluding which the revenue increase was 112% thanks to 63% improvement in shipments and 29% in ASPs.
SunPower Corporation Turns Profitable In Q3/2022
With Customer Count & Backlog Increasing, SunPower Stays Put With 2022 Guidance
US residential solar installer SunPower Corporation has reiterated its previous guidance for 2022 expecting a customer growth between 73,000 to 80,000 after it exited Q3/2022 having added 23,100 new ones, a 63% annual growth riding on high demand.
SolarEdge Reports $837 Million Revenues In Q3/2022
Inflation Reduction Act Impact: SolarEdge Plans To Establish US Manufacturing Facility In 2023
Another thumbs up to US President Joe Biden administration’s Inflation Reduction Act (IRA) with yet another solar company announcing plans to enter US manufacturing within 2023 – and this time it is Israel headquartered solar PV inverter supplier SolarEdge Technologies.
Scatec’s Project Pipeline & Backlog Grow To 16 GW
Scatec Reports ‘All-Time High’ EBITDA In Q3/2022, Driven By Higher Power Sales At Higher Prices In Philippines
Norwegian renewable energy developer Scatec has revised its proportionate power production EBITDA guidance for 2022 to a range of NOK 2.75 billion to NOK 2.85 billion after having increased the same to NOK 907 billion in Q3/2022, attributing the impr.
Sunrun’s Q3/2022 Annual Revenues Up By $193.1 Million
Q3 Installations Grew 17% YoY To 256 MW For Sunrun; Management Points At Module & Battery Supply Challenges
Residential solar and storage installer Sunrun in the US met its solar energy capacity deployment guidance for Q3/2022 with 255.8 MW, growing 17% annually, as total revenue went up 44% from last year to $631.9 million, reflecting a growth of $193.1 million.
SMA Solar Revises Annual Earnings Forecast For 2022
High Incoming Orders & Improving Electronic Components Supply Prompts SMA Solar To Increase 2022 Guidance
SMA Solar Technology AG, Europe’s prime solar PV inverter manufacturer from Germany, has increased its annual EBITDA forecast for 2022 to €60 million to €70 million, from €10 million to €60 million, riding on high level of incoming orde.
Trina Solar’s Q3/2022 Net Profit Improved 150%+ YoY
Global Carbon Neutrality Policies Help China’s Trina Solar Score Well In 9M/2022
Chinese vertically integrated solar PV manufacturer Trina Solar improved its operating income for 9M/2022 by 86.15% YoY to RMB 58.2 billion, with the contribution of RMB 22.46 billion in Q3/2022 thanks to growing demand for solar PV in the wake of co.
Daqo New Energy Reports Strong Quarter In Q3/2022
Daqo Sold 33,126 MT Polysilicon At 14% Higher ASP On QoQ Basis; Ups Annual Production Guidance
Chinese polysilicon supplier to the global solar PV industry Daqo New Energy reported a robust quarter in Q3/2022 with gross profit of $946.9 million as average selling price (ASP) for 33,126 metric ton (MT) polysilicon it sold rose to $36.44 per kg,.
Aiko Solar Turns Profitable In Q3/2022
Chinese Solar Cell Producer Improved 9M/2022 Operating Income By 130.65% Annually
Solar cell manufacturer from China, Aiko Solar cites high selling price and technological improvements as reasons for its operating income in 9M/2022 growing 130.65% to RMB 25.8 billion, with Q3/2022 contributing RMB 9.8 billion to the total.
First Solar’s Q3/2022 Sales Up YoY, Yet Suffers Net Loss
First Solar Pulls Down 2022 Annual Guidance Citing Unforeseen Logistics Costs; Announces R&D Line In Ohio For Tandem & Thin Film Modules
Sold out American solar module maker First Solar suffered a net loss of -$45 million in Q3/2022, while growing its net sales of $629 million by around 8% YoY.
LONGi Shipped 30 GW+ Solar Modules In 9M/2022
LONGi Green Energy Sold Over 60 GW Monocrystalline Solar Wafers In H1/2022, As Per Preliminary Estimate
Chinese vertically integrated solar PV manufacturer LONGi Green Energy Technology says it shipped over 30 GW worth of monocrystalline solar PV modules during 9M/2022, along with more than 60 GW of monocrystalline silicon wafers, as per its preliminary financial results.
