financial results

The solar supplier has actually introduced its fourth quarterly and also full yearly 2022 results. Canadian Solar achieved record revenues of $7.47 billion last year which is a dive of 42% YoY. Worldwide solar maker Canadian Solar Inc. has actually announced its financial results for the 4th quarter and full year ended December 31, 2022.

Its net profit boosted by 93 per cent to $4.4 billion in 2022 year on year. Revenue from the power battery service enhanced by 159 percent as net sales in this segment greater than doubled to 242 GWh last year.

Solar Module Super League (SMSL) participant LONGi Green Energy shipped 39.62 GW of monocrystalline silicon wafers, of which 20.15 GW was sold on the surface and also 19.47 GW for interior usage, according to its monetary results for the initial fifty percent of the year.

US solar product supplier Shoals Technologies Group saw record revenue as well as gross profit in the second quarter of 2022 because of strong demand for its combine-as-you-go system as well as a large number of new customers buying up components.

United States solar tracker supplier Array Technologies has actually gotten better from a difficult 2021 by posting solid Q2 2022 financial results generally due to its acquisition of STI Norland, while upcoming tailwinds could buoy its efficiency additionally still moving with the year.

US solar tracker manufacturer FTC Solar has actually reduced its net losses compared to last quarter and also Q2 2021 however has seen its revenue collapse, condemning a hostile solar market environment in the US that has seen project hold-ups and also cancellations, which it stated it now hoped was pertaining to an end.

Clearway Energy's sale of its thermal organization to investment company KKR throughout Q2 netted profits of US$ 1.29 billion, as well as saw its net income skyrocket from the US$ 32 million it recorded in Q2 2021.

Vistra Energy will certainly have more than 1,213 MW of battery storage in operation in its portfolio by 2026, the US power generation business has claimed.

Energy technology company AES Corporation is still on track to reach its target of 4.5-5.5 GW in long-lasting renewables and also energy storage contracts in 2022, having actually currently signed 1,618 MW in the year to date, according the firm's Q2 economic report.

Primarily driven by a 28% decrease in its polysilicon production cost, Daqo New Energy recorded its best manufacturing volume and also profits in Q2 2022.

Continued demand from Americans for rooftop solar has led residential solar installer SunPower to include a record all time high of 19,700 customers in Q2 2022, a 51% year-on-year increase.

ENGIE has pulled out of a large-scale solar-plus-storage project contract in the Western Pacific US island territory of Guam.

Renewables programmer Mytilineos has seen its profits soar to EUR166 million (US$ 168.56 million) in H1 2022, with renewables sales nearly doubling.

Iberdrola has recorded a net earnings of EUR2.07 billion (US$ 2.1 billion) in the very first half of 2022 because of solid performances in its international service offsetting unfavorable results in Spain.

Independent power producer (IPP) Scatec has actually increase project development activity after witnessing its profits fall by almost 14% year-on-year.