Spanish utility Iberdrola has expanded its investment in renewables and smart grid projects to €7.03 billion (US$8.15 billion) but its net profit suffered, falling 10.2% to €2.4 billion (US$2.78 billion), according to its recent financial results for 2021 release today.
The clean energy business of US utility NextEra Energy had a record quarter of origination success in Q3, adding approximately 2,160MW to its backlog, including 515MW of new solar projects.
Spanish tracker manufacturer Soltec posted a sharp increase in its order backlog in the first half of the year but said logistics disruptions will impact its margins in H2.
Azure Power is on track to increase its operating solar capacity by at least a third this fiscal year following a first quarter that saw the independent power producer (IPP) return to profitability.
Solar developer ReneSolar Power nearly doubled its gross profit in Q2 2021 compared with Q1 and has improved its business forecast for the remainder of the year after this quarter’s results exceeded analyst expectations
Solar construction firm iSun expects to double its revenue in 2021 compared to last year despite supply chain delays and labour shortages impacting its Q2 performance.
Meyer Burger is sold out of its heterojunction solar modules until the fourth quarter of 2021 as the company continues to be affected by production ramp-up delays.
German independent power producer (IPP) Encavis reported revenue growth in the first half of the year due to the contribution of two new Spanish PV plants that offset the impact of weaker weather conditions.
Maxeon Solar Technologies has said it may face manufacturing disruptions if it is unable to mitigate the impacts of raw material and component cost increases from its suppliers.
