Leading SMSL member confirms milestones for shipments (14.3GW), gross profit (US$780.2m) and others in 2019, predicting COVID-19 will not “materially” hurt business
German giant to invest €5bn to deploy major new fleet of PV and wind by 2022, following its success in 2019 doubling net income to €1.2bn and adding E.ON’s renewable assets.
Analysts say residential solar specialist is ‘well positioned’ to witness growth in 2020, amid claims by the firm its indicators remain solid despite talk of COVID-19 impacts on other installers.
Acciona reports 7.2% hike in net profits, top IPP hopeful Solaria makes progress towards 3.325GW goal, PV transition brings distributor Audax to 1.9TWh-a-year purchases.
Nasdaq-listed group expects deployment to grow by further 15% in 2020, amid hopes that uptake of its solar-plus-storage offering Brightbox will double year-on-year.
Group expects double-digit renewables growth in 2020 after achieving revenue and profit rises in 2019, under the tenure of executive forced out by board this month.
Plans for sizeable layoffs by 2022 will mostly affect administrative and non-operational staff in Germany, says poly player of new roadmap launched after €55m losses last year.
Revenues from firm’s solar assets overtook wind’s in 2019 and accounted for nearly half of full-year turnover, with large projects in Mexico, Argentina and others set to go live in 2020.
Strong performance from wind, solar and others helped balance other struggles for EDF in a year when EBITDA and operating profit dipped for Big Six player.
