French renewables company Voltalia’s financial performance last year was boosted by the growth of its project development, construction and equipment procurement segment, as the company heightened its focus on developing solar PV.
Solar developer ReneSola Power more than doubled its project pipeline in 2021 and expects to maintain growth this year amid increasing demand for renewables generation as European markets look to achieve more energy independence.
Russia’s invasion of Ukraine means that ensuring security of energy supply through the expansion of renewables should be a priority for policymakers, according to the CEO of German utility RWE.
Shoals Technologies is set to double its electrical balance of systems (BOS) manufacturing capacity with a new US facility as its backlog and awarded orders reach a record high.
Inverter supplier SMA Solar Technology has lowered its 2021 earnings forecast even further and has warned of additional headwinds this year due to the ongoing global chip shortage.
German renewables company BayWa r.e. is planning to realise more than 1GW of solar and wind plants this year as it heightens its focus on subsidy-free projects.
Indian independent power producer Azure Power exceeded the upper end of its revenue guidance for its Q3 fiscal year thanks to the addition of new renewables projects.
French independent power producer Neoen’s 2021 revenue jumped 12% year-on-year thanks to the contribution of new solar projects in France and Argentina.
US solar installer SunPower’s backlog has reached its highest ever level, but the firm said its Q4 earnings were hit by a supplier quality charge as well as installation delays because of COVID and poor weather.
Inverter manufacturer SolarEdge is increasing shipments to the US from a new production plant in Mexico as it looks to save on freight costs and reduce the impact of tariffs on imports.
