NextEra: Up To 2.8 GW US Solar & Storage May Shift To 2023
US Commerce Department Circumvention Investigation for Solar Module Imports Hampering NextEra Energy’s 2022 Project Plans
US electricity utility NextEra Energy warns of approximately 2.1 GW to 2.8 GW of its solar and storage projects scheduled for installation in 2022 to be shifted to 2023 due to lack of sufficient solar panel supply, till the US Department of Commerce .
Tesla Deployed 48 MW New Solar In Q1/2022
Solar Component Delays Pull Down Tesla’s Q1/2022 PV Deployments By 48% YoY
Tesla has reported its solar PV deployments in Q1/2022 to have dropped by 48% on annual basis to 48 MW, compared to 92 MW in Q1/2021 due to import delays for certain solar components which the company said was beyond its control, without specifying more.
Daqo’s Revenues & Gross Profit Up In Q1/2022
Daqo New Energy Improved Q1/2022 Revenues Over 3 Times QoQ To $1.28 Billion
The average selling price (ASP) of polysilicon during Q1/2022 for Daqo New Energy dropped to $32.76 per kg compared to $33.91 per kg in the previous quarter, but it did not dampen the Chinese company’s prospects as it increased its revenues for the quarter over 3 times on QoQ basis.
Array Technologies’ 2021 Annual Results
US Solar Tracker Maker Reports Net Loss In 2021, But Offers Strong Guidance For 2022
US solar tracker manufacturer Array Technologies blamed increased supplier and logistics lead times, and project delays for its 2021 annual revenues dropping 2% to $853.3 million and net loss of $66.1 million, yet offered a robust guidance of 2022 re.
SMA Solar Declares 2021 Financial Results
Chip Shortage Pulls Down SMA Solar’s 2021 Business; Bullish For 2022 Prospects With Large Order Backlog
German solar PV inverter supplier SMA Solar Technology AG saw its annual sales for 2021 drop by 4% to €983.7 million, owing to the COVID-19 pandemic and shortage of electronics chips supply.
Xinte Energy’s 2021 Financial Results
Chinese Polysilicon Producer Xinte’s 2021 Profits Up By Over 600%, Targeting 200,000 Tons Capacity By Year-End
Chinese polysilicon producer Xinte Energy improved its 2021 group revenues by 58.81% to RMB 22.52 billion and total profit by 608.08% to RMB 4.95 billion thanks mainly to increase in sales and prices for its polysilicon products last year.
JinkoSolar’s Q4/2021 Financial Results
JinkoSolar Shipped 25 GW+ In 2021; Targets 60 GW Total Solar Module Production Capacity By 2022-End
Chinese vertically integrated solar PV company JinkoSolar Holding exited 2021 with its global shipments of 25.24 GW, with Q4/2021 contributing 9.69 GW, as the company announced substantial manufacturing capacity expansion.
Canadian Solar’s Q4/2021 Financial Results
Canadian Solar Shipped 14.5 GW Solar Modules In 2021; Exceeds Q4/2021 Gross Margin Guidance
Integrated solar PV manufacturer Canadian Solar had a strong year in 2021, exiting it with 28% annual improvement in module shipments of 14.5 GW, and 47% growth in revenues that added up to $5.3 billion in Q4/2021 due to higher solar module ASP and increase in project sales.
FTC Solar’s Q4/2021 Financial Results
US Solar Tracker Supplier To Acquire Chinese Supplier; Closes 2021 With 44% Annual Revenue Growth
US based solar tracker system company FTC Solar, Inc exceeded its Q4/2021 revenue guidance to register an annual growth of 130% with GAAP revenues of $101.7 million, and announced an agreement to acquire Chinese tracker supplier HX Tracker.
2021 Financial Results Of Shoals Technologies
Shoals Grew 2021 Revenues By 21% YoY; Opens New Manufacturing Fab As Founder Dean Solon Departs
US based balance of systems (BOS) supplier for solar industry, Shoals Technologies Group managed to grow its quarterly and annual revenues in Q4/2021 and 2021, and announced new manufacturing facility in Portland, however, did not mention the departu.
2021 Preliminary Financial Results From Manz
Manz Books €21.6 Million Non-Cash Impairment For Chinese Order; Misses 2021 Earnings Forecast
German production equipment supplier Manz AG has decided to book €21.6 million non-cash impairment for its solar business stating the uncertainty surrounding the completion of an order of its CIGS thin-film manufacturing equipment by China’s Shan.
SMA Solar’s 2021 Preliminary Financial Results
German Inverter Maker Further Lowers 2021 EBITDA Guidance; Offers 2022 Annual Guidance
Solar inverter supplier from Germany, SMA Solar Technology AG has lowered its EBITDA guidance for 2021 the 3rd time since December 2021, down to about €9 million, from the previous guidance of €20 million to €30 million it offered in January 2022 (see SMA Solar Lowers 2021 Earnings Guidance).
First Solar’s 2021 Financial Results
US Module Maker Suffered Impacts Of Logistical Challenges In 2021; Plans To Sell Japan Project Business
Module shipment delays due to constraints related to container availability led US based First Solar, Inc to report its full year 2021 shipments at the lower end of its guidance at 7.7 GW, with 1.2 GW of inventory on hand and 675 MW shipments in transit not recognized as revenue.
Daqo New Energy’s 2021 Financial Results
Chinese Polysilicon Maker’s 2021 Net Income Improved 485.3% YoY; Exceeded Production Guidance
Polysilicon producer Daqo New Energy delivered a strong financial year in 2021 with the Chinese company reporting a 485.3% annual increase in net income at $756.2 million thanks to high solar energy demand and higher polysilicon prices, as per its unaudited financial results.
Xinyi Solar’s 2021 Financial Results
Xinyi’s Solar Glass Segment Dealt With Lower ASPs In 2021 With Higher Sales Volume
Solar glass manufacturer from China, Xinyi Solar Holdings Limited managed to increase revenues for 2021 by 30.4% to HKD 16.06 billion, despite drop in ASP for solar glass products and increased costs for material and energy, however the latter was fu.
ReNew Power’s 9M/2022 Financial Results
$169 Million Net Loss For ReNew Power, But Revenues Up 25.6% In 9M/2022
Indian renewable energy company ReNew Energy Global plc increased its cumulative commissioned capacity to 7.4 GW with 1.1 GW brought online in Q3/2022 (period ended December 31, 2021), while net loss for 9M/2022 added up to INR 12.57 billion ($169 mi.
Soltec’s 2021 Financial Results
Spanish Solar Tracker Supplier Soltec Improves Annual Revenues In 2021 By 47%, But Reports Net Loss
Solar tracker supplier from Spain, Soltec Power Holdings grew its project development pipeline to exceed 10 GW at the end of 2021 when it reported record consolidated revenues of €346.5 million, reflecting a 47% annual increase.
Neoen Registers 12% Rise In 2021 Revenue
French Renewables Developer Neoen Closes 2021 With €333.6 Million Revenue And 5.4 GW Assets
French renewable energy company Neoen closed the year 2021 with a revenue of €333.6 million ($378.42 million), which is a 12% year-on-year increase when compared to 2020.
Sunrun’s Q4/2021 Financial Results
2021 Revenues For Sunrun Grew 75% To $1.6 Billion But US Company Reports Net Loss Of $79 Million
US residential solar power company Sunrun Inc had a strong year in 2021 as it added more than 110,000 customers, reporting a growth of 31% in installations and 75% improvement in annual revenues with $1.6 billion, yet its net loss attributable to common stockholders was $79.4 million.
