SMA Solar Technology’s sales for 2021 came in below prior expectations for the year as the inverter supplier was impacted by a shortage of electronic chips – a headwind it expects to persist in the coming months.
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.
The foundation of a “transformed Maxeon Solar Technologies” is nearly in place, according to the company’s CEO, after it addressed its logistical failures, experienced strong demand for its products and landed a supply contract with US residential installer SunPower.
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.
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 high end of its recently downgraded guidance.
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.
