SunPower’s Q4/2021 Financial Results
SunPower To Exit Light Commercial Value-Added Reseller Segment; Reports Net Loss For 2021
Residential solar power company in the US, SunPower Corporation increased its new customer bookings in Q4/2021 by 42% with 22,500 new bookings, adding 17,000 new customers—a number that increased 31% YoY taking its cumulative customer tally to 427,000 at the end of 2021.
SolarEdge’s Q4/2021 Financial Results
SolarEdge Exited 2021 With 34.6% Annual Growth In Revenues & 21% Improvement In Net Income
Israel headquartered solar inverter supplier SolarEdge Technologies, Inc achieved record revenues of $551.9 million in Q4/2021, reflecting an annual increase of 54% and contributing to the 34.6% YoY growth in 2021 revenues of $1.96 billion.
Indian Solar Glass Maker To Strongly Expand Capacity
Borosil Renewables To More Than Quadruple Production Capacity To 2,100 Tons/Day By CY2024
Indian solar glass supplier Borosil Renewables Limited will expand its production capacity through the addition of 2 new furnaces of 550 tons per day (TPD) to take the total to 2,100 TPD by the end of CY2024, up from its current capacity of 450 TPD, .
China PV News Snippets
SPIC & Linyang partner & More from Flat Glass, Hunan, Hoshine, Tongwei
SPIC partners with Linyang for new energy developments; Flat Glass purchases Anhui Dahua Oriental and Anhui Sanli Mining; Hunan Development establishes new company; Hoshine subsidiary invests in polysilicon project; and Tongwei’s 2021 operating income at RMB 66.6 billion.
Enphase Ships 1.1 GW in Q4/2021
As Financials Improve, Enphase Plans Microinverter Contract Manufacturing In Europe
US based solar microinverter supplier Enphase Energy, Inc has revealed its plans to expand its existing production capacity for microinverters with the addition of a new contract manufacturing facility in Europe, by the end of this year, which its Pr.
Scatec Announces 2021 Financial Results
Solar Accounts For Lion’s Share Of Scatec’s 14 GW+ Project Pipeline
Norwegian renewables company Scatec reported to have grown its project pipeline by 51% YoY to over 14.77 GW at the end of 2021, of which solar technology takes up the lion’s share with 45% or 6.64 GW, followed by wind at 33% or 4.91 GW, and hydro at 16% or 2.3 GW, among others.
China PV News Snippets
Oriental Yuhong & JA Solar Partner For PV Roof Projects & More on Tongwei; Hengdian DMEGC; Zhonghuan Semiconductor
Oriental Yuhong and JA Solar to partner for PV roof integration; Tongwei announces latest cell price update; Hengdian subsidiary to invest in 2.5 GW module project; and Zhonghuan Semiconductor expects operating income of RMB 40-42 billion in 2021.
Tesla Deployed 345 MW Solar In 2021
Tesla Reports Highest Annual Solar Installation Since 2018 In 2021 With 345 MW
Electric car maker and clean energy company Tesla, Inc grew its annual solar installations by 68% in 2021 with the addition of 345 MW, the company stated in its annual report disclosure.
2021 Profit Alert For Daqo New Energy
Xinjiang Daqo New Energy Expects Over 400% Annual Increase In 2021 Net Profit
Chinese polysilicon producer Daqo New Energy expects to report a net profit of between RMB 5.6 billion to RMB 5.8 billion ($885 million to $917 million) in 2021, reflecting an annual increase of 437% to 456%, attributing it to high prices for polysil.
China PV News Snippets
One Day For TaiyangNews Webinar; Huafu Fashion; Heshun & Jangho; Aidi; GCL-Poly
Tomorrow, TaiyangNews hosts special TOPCon Solar Modules Webinar, Huafu Fashion invests RMB 100 mn in subsidiary, Heshun and Jangho sign 200 MW PV project, Aidi establishes RMB 10 million subsidiary, and GCL-Poly expects RMB 5 billion profit in 2021.
Trina Solar’s Preliminary 2021 Financials
Large Size Modules & Distributed Solar Growth To Push Up Trina Solar’s 2021 Net Profit
Chinese integrated solar PV manufacturer and tracker maker Trina Solar has released its preliminary financial forecast for the year 2021, expecting to report a net profit increase of 39.92% to 66.76% over the previous year.
SunPower’s Preliminary Q4/2021 Financials
SunPower Expects Adjusted EBITDA For Q4/2021 To Be At Low End Of Guidance
SunPower Corporation has released its preliminary financial forecast for Q4/2021, expecting adjusted EBITDA to fall in at the low end of its guided range of $18 million to $41 million, and continues to expect GAAP revenues of between $361 million to $421 million.
Hoshine Silicon’s 2021 Financial Results
Hoshine Silicon Expects Over 500% Annual Improvement In 2021 Net Profit
Leading raw silicon manufacturer for the global solar PV production industry Hoshine Silicon Industry Co Ltd expects to report an annual increase of 505.28% to 519.52% in its net profit for the year 2021, attributing it mainly to significant rise in selling price.
SMA Solar Lowers 2021 Earnings Guidance
German Solar PV Inverter Maker Adjusts 2021 EBITDA Guidance Again
SMA Solar Technology AG, the German solar PV inverter manufacturer, has once again adjusted its EBITDA guidance for 2021, bringing it down from €50 million to €65 million to now €20 million and €30 million, citing trouble in an existing O&M service contract.
Azure Power Q2/2022 Financial Results
Azure Power Improved Operating Revenues In Q2/2022 By 25% Annually
Indian renewable energy company Azure Power exited Q2/2022 (period ending September 30, 2021) with 25% increase in its operating revenue to $59.1 million, thanks mainly to projects commissioned post September 30, 2020 and additional revenue of $5.5 million from sale of carbon credits.
