India’s ReNew Improved Q3/FY23 Revenues By 19.4% YoY
Increase in Operating Capacity Pushed ReNew Power’s Revenues While Lowering Its Net Loss; Management Expecting Cheaper Imports In Future
Increase in operating capacity and late payment surcharge from customers helped NASDAQ listed renewable energy company ReNew Power to increase its annual revenues for Q3/FY23 (period ending December 2022) by 19.4% and for 9M/FY23 by 23.1%, while expa.
SunPower Grew Customer Base & Net Income In 2022
SunPower Leans Towards Multifamily Segment & Markets Beyond California To Offset Anticipated Slowdown In New Homes; Strikes Deals With Maxeon & Hanwha Qcells
US residential solar installer SunPower Corporation reported a healthy 2022 with 53% annual growth in GAAP revenues and growing its net income manifold to $102.4 million, up from $6.1 million, while also striking module supply deals with Maxeon Solar.
SolarEdge Reports ‘Record’ 2022 Revenues, Up 58% Annually
SolarEdge Gets Ready To Start Shipping Initial Products From US Fab By Q3/2023, After Reporting Strong Financials In 2022
Israel based solar inverter supplier SolarEdge Technologies, Inc exited 2022 with ‘record’ revenues of $3.11 billion that increased 58% annually, including $890.7 million in Q4/2022 as it expects to start rolling out initial products from the planned US manufacturing facility in Q3/2023.
Enphase Exited 2022 With Over 68% Jump In Annual Revenues
Enphase Energy Reports ‘Record’ Revenues Of $724.7 Million In Q4/2022; Targets 10 Million Quarterly Microinverter Production Capacity By 2023-End
US based solar microinverter and battery supplier Enphase Energy, Inc has reported a strong Q4/2022 with a ‘record’ quarterly revenue of $724.7 million reflecting an annual improvement of more than 75%, contributing to its annual revenues for 2022 growing more than 68% to $2.3 billion.
2022 Gets Tesla ‘Highest’ Annual PV Deployment, Since 2017
With Annual Solar Deployments In Q4/2022 Growing 18% At 100 MW, Tesla Exited 2022 With 348 MW New Capacity ‘Despite Supply Chain Challenges’
Tesla calls Q4/2022 as one of the company’s strongest quarters in recent years when it deployed 100 MW capacity, 18% higher annually, to exit 2022 with a total of 348 MW PV installed which now becomes the year with ‘highest’ deployment since 2017 when it reported 523 MW.
Polysilicon, A Performer For Germany’s Wacker In 2022
‘Particularly Good Prices’ Helped Wacker Chemie’s Polysilicon Business Sales Improve 49% Annually To €2.28 Billion In 2022, As Per Preliminary Estimates
German chemicals producer and polysilicon manufacturer Wacker Chemie’s polysilicon business division is likely to report 49% annual growth in sales at €2.28 billion in 2022 thanks to ‘particularly’ good prices for solar-grade silicon and high.
JA Solar Expects Up To RMB 5.60 Billion 2022 Net Profit
Global Growth Of Solar Market, Technological Improvements & Cost Efficiency Measures Help JA Solar Expect Up To 175% Annual Net Profit Growth
Riding on growing demand for solar, technological advancements and cost reduction efforts, Chinese tier I solar cell and module manufacturer JA Solar Technology expects to report up an annual increase of 135.45% to 174.69% in its net profit for the year 2022.
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.
