financial results

Solar EPC business iSun greater than doubled its revenue year-on-year in 2021, driven in component by the implementation of its commercial and also industrial (C&I) PV project backlog.

Solar tracker service provider Array Technologies is expecting to bounce back from a 2021 beset by supply chain difficulties and project hold-ups, as its order publication gets to a brand-new high and also comes to be extra geographically diverse.

French renewables business Voltalia's economic efficiency last year was enhanced by the growth of its project development, construction and also equipment procurement section, as the company increased its focus on developing solar PV.

The foundation of a "transformed Maxeon Solar Technologies" is almost in place, according to the business's CEO, after it resolved its logistical failures, experienced strong demand for its products and landed a supply contract with US residential installer SunPower.

Solar developer ReneSola Power greater than doubled its project pipeline in 2021 and expects to maintain growth this year amid rising demand for renewables as European markets seek to attain even more energy independence.

Russia's intrusion of Ukraine implies that ensuring security of energy supply via the expansion of renewables ought to be a priority for policymakers, according to the CEO of German utility RWE.

US-headquartered solar tracker manufacturer FTC Solar said it was "on the cusp of profitability" after its revenue for Q4 2021 came in above the luxury of its recently downgraded support. It likewise revealed it had actually entered a contract to acquire Chinese tracker company HX Tracker.

Inverter provider SMA Solar Technology has decreased its 2021 incomes forecast also further and also has warned of extra headwinds this year due to the continuous worldwide chip lack.

German renewables firm BayWa r.e. is planning to become aware greater than 1GW of solar and also wind plants this year as it enhances its focus on subsidy-free projects.

Global power business AES included more than 2GW of renewables as well as power storage to its portfolio last year as the business officially confirmed its intent to exit coal generation by 2025.

United States solar installer SunPower's backlog has actually reached its highest ever degree, however the company claimed its Q4 earnings were struck by a distributor quality charge in addition to installation delays because of COVID and poor weather condition.

Indian utility Tata Power will aim to benefit from policy support from India's government as it sets up new cell as well as module manufacturing capacity in the country.

The CEO of US utility NextEra Energy has said that while he thinks it is "most likely than not" that the clean energy piece of the nation's Build Back Better (BBB) bill gets acted upon this year, the business does not need policy assistance consisted of in the legislation to accomplish its targets.

United States solar tracker provider Array Technologies is to obtain Spanish tracker producer Soluciones Técnicas Integrales Norland (STI Norland) in a procurement that Array claimed will certainly develop "the biggest tracker business in the world".

Spanish utility Iberdrola has broadened its investment in renewables and clever grid projects to EUR7.03 billion (US$ 8.15 billion) yet its internet profit experienced, falling 10.2% to EUR2.4 billion (US$ 2.78 billion), according to its recent financial results for the first nine months of 2021, released today.